Violence in Africa pushes Tullow shares downwards
Published 09/07/2014 | 02:30
Shares in Dublin-listed Tullow fell to a three-month low as violence erupted across Kenya and Uganda.
Shares closed down 2.4pc at €10.40 in Dublin while partner exploration companies such as Afren also extended declines.
Tullow has a fifth of its assets in south and east Africa.
Armed assailants attacked a camp of police reservists yesterday and burned down nearby homes and businesses as violence escalated on Kenya's northern coast. But there were no reported deaths.
In the nearby coastal town of Lamu, residents also reported finding leaflets strewn about threatening Christians and the government.
The leaflets were signed by Somalia's al Shabaab Islamists, but the group denied it sent them.