Former Tullow Execs Team Up For New African Oil Venture

Five former directors from FTSE 100 (INDEXFTSE:UKX) oil producer Tullow Oil plc (LON:TLW) (OTCMKTS:TUWLF) have teamed up to float a new oil and gas venture in Senegal. Led by Pat Plunkett, who chaired Tullow for 12 years, T5 Oil & Gas plan to list on AIM in London this autumn. Lack of experience won’t be an issue for this management team Gerry Sheehan, Matt O’Donoghue, Andrew Windham and Steve McTiernan, all former directors at Tullow Oil plc (LON:TLW) (OTCMKTS:TUWLF), join Plunkett at T5. The firm is already in the process of acquiring a license held by Blackstairs Energy, a company founded…