TULLOW OIL: RENEWED STATOIL-RUMORS surrounding COMPANY
STOCKHOLM (Reuters) The British oil company Tullow Oil bounced down more than 1 percent to around 8:40 pounds in initial Thursday trading on the London Stock Exchange after rising about 7 percent on Wednesday.
Renewed rumors of takeover interest from the Norwegian oil giant Statoil received shares rise on Wednesday, writes the British media.
Last month also circulated information that Statoil could be interested in a Tullow-purchase.
It is speculated that Statoil is considering a bid of 14 pounds per Tullow share, state media on.
In early 2012, was listed oil shares in over 16 pounds.
Then cut a number of dry wells value of Tullow and it has made to takeover rumors started to surround the company in recent months.
Tullow Oil has its focus in Africa and is Africa Oil's main partner.