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Tullow hopeful for a big summer after recent disappointments

Analysts hope the struggles of late will pass, and Tullow's major successes of the past will be seen again

Tullow Oil has earned a reputation over the last decade as a world-beating oil exploration company after a string of successes, including major discoveries in Uganda and offshore Ghana. But the company has hit a rough patch of late. Development of its Ugandan discoveries has been held up by a series of disputes with the government and its former partner at the project, Heritage Oil, and the company has seen a series of recent exploration disappointments. The company’s share price has fallen nearly 30% over the past year, from around 1,454 pence ($22.87) a share to 1,027p a share in mid-day trading on 17 June. This summer, though, could be a turning point for Tullow, Al Stanton, an analyst

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