|Bid||153.00 x 70000|
|Ask||179.00 x 153700|
|Day's Range||167.10 - 178.90|
|52 Week Range||142.38 - 299.86|
|PE Ratio (TTM)||-2.03|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||2.65|
DAKAR/ACCRA, Sept 23 (Reuters) - The International Tribunal for the Law of the Sea on Saturday drew an ocean boundary favouring Ghana in a dispute with its neighbour Ivory Coast, opening the way for development drilling to resume on Ghana's multi-billion dollar TEN deepwater oil and gas project. The decade-old row between the two West African neighbours has slowed the development of oil fields and at times soured relations between the two oil producers, who also together grow 60 percent of the world's cocoa.
A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s offshore fields under Ghana’s jurisdiction following the end of a boundary dispute with Ivory Coast.
Tullow Oil said on Saturday that an international ruling on an ocean boundary between Ghana and Ivory Coast would leave its TEN fields within Ghanaian waters, allowing it to resume new drilling around year end. "Tullow will now work with the Government of Ghana to put in place the necessary permits to allow the restart of development drilling in the TEN fields," the firm said in a statement sent to reporters.