The proposed acquisition of the license in Ukraine remains subject, among other things, to completion of legal and financial due diligence, regulatory approvals, and the execution of a definitive share sale and purchase agreement by Pennpetro with the shareholders of the newly-incorporated Polish company.
Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing to deliver its decision on the tax dispute with the Ghana Revenue Authority (GRA).