New twists in Tullow Lake Albert saga

Tullow Oil’s Lake Albert ambitions have been dealt another blow with the Ugandan government talking tough in a tax dispute with the company. Oil minister Hillary Onek has said that the government has repossessed the Kingfisher field following expiry of the exploration licence, in an apparent bid to put pressure on Tullow to resolve its dispute over the tax payable on its buyout of Heritage Oil Corporation’s holdings.