Tullow Oil slips on Ugandan deal concerns, while Mauritanian well is abandoned

The exploration group is down 31p to £13.96 after Total said it was renegotiating part of a deal to buy a stake in Tullow's Ugandan oil fields. The French company said the move was related to delays in gaining approval for the proposals. Tullow is waiting for the government to give the go-ahead so it can sell stakes in the Ugandan blocks to Total and China's CNOOC and then proceed with a $10bn development of the area.
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Source: The Guardian