Statement re Share Price Movement

Tullow Oil PLC
27 July 2000


Tullow Oil plc ('the Company')

The Board of Tullow Oil plc notes the recent movement in the Company's share
price.  The Company is in advanced negotiations which may lead to a
substantial asset acquisition which would constitute a reverse takeover
pursuant to the Listing Rules of the Irish Stock Exchange and the UK Listing
Authority.  A suspension of trading in the Company's ordinary shares has
therefore been requested with immediate effect.  A further announcement will
be made in due course.