[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Noah Ajare [@ajarenoah](/creator/twitter/ajarenoah) on x XXX followers Created: 2025-07-26 12:16:27 UTC Gulf Energy Secures Massive $XXX Million Kenya Oil Deal, Eyes XXX Million Barrel Treasure Trove In a major energy sector development, Gulf Energy has successfully acquired XXX% of Tullow Kenya's shares for $XXX million, positioning itself to tap into an estimated XXX million barrels of potentially extractable oil and gas resources in Kenya's South Lokichar Basin. The deal, announced on July 21, gives Gulf Energy complete control over exploration blocks 10BA, 10BB, and 13T through its subsidiary Auron Energy E&P. The acquisition follows a structured payment plan with $XX million paid upfront, another $XX million due by June 2026 or upon Field Development Plan approval, and the final $XX million spread over five years starting in 2028. Gulf Energy has also secured valuable royalty entitlements and a XX% back-in right for future development phases involving third-party investors. Tullow CFO Richard Miller emphasized the deal's strategic importance, stating the transaction supports their priority to strengthen the balance sheet, with the first two payments totaling $XX million expected before year-end. Combined with other asset sales, Tullow expects to generate $XXX million in cash proceeds during 2025.  XX engagements  **Related Topics** [stocks](/topic/stocks) [trove](/topic/trove) [futures trading](/topic/futures-trading) [kenya](/topic/kenya) [coins energy](/topic/coins-energy) [gulf energy](/topic/gulf-energy) [Post Link](https://x.com/ajarenoah/status/1949081378491859069)
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Noah Ajare @ajarenoah on x XXX followers
Created: 2025-07-26 12:16:27 UTC
Gulf Energy Secures Massive $XXX Million Kenya Oil Deal, Eyes XXX Million Barrel Treasure Trove In a major energy sector development, Gulf Energy has successfully acquired XXX% of Tullow Kenya's shares for $XXX million, positioning itself to tap into an estimated XXX million barrels of potentially extractable oil and gas resources in Kenya's South Lokichar Basin. The deal, announced on July 21, gives Gulf Energy complete control over exploration blocks 10BA, 10BB, and 13T through its subsidiary Auron Energy E&P. The acquisition follows a structured payment plan with $XX million paid upfront, another $XX million due by June 2026 or upon Field Development Plan approval, and the final $XX million spread over five years starting in 2028. Gulf Energy has also secured valuable royalty entitlements and a XX% back-in right for future development phases involving third-party investors. Tullow CFO Richard Miller emphasized the deal's strategic importance, stating the transaction supports their priority to strengthen the balance sheet, with the first two payments totaling $XX million expected before year-end. Combined with other asset sales, Tullow expects to generate $XXX million in cash proceeds during 2025.
XX engagements
Related Topics stocks trove futures trading kenya coins energy gulf energy