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In December, U.S. oil and gas firm Kosmos Energy (KOS.N), opens new tab walked away from its pursuit of Tullow without specifying any reason for the decision, prompting a 10% drop in Tullow's shares.

24.59% of the stock is owned by company insiders. Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America.