November 29, 2018 / 7:51 AM / 14 days ago

Tullow Oil returns to dividends in 2019

LONDON, Nov 29 (Reuters) - Africa-focused Tullow Oil will return to paying dividends, which it suspended in 2015 due to the oil price crash, and expects to pay out at least $100 million from next year, with an option for a special dividend for this year, it said.

Tullow forecast its net debt would drop to $2.8 billion by the end of the year and slightly raised its full-year free cash flow to $700 million earlier this month, helped by trimming its capital expenditure. ($1 = 0.7792 pounds) (Reporting by Shadia Nasralla; Editing by Adrian Croft)

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