STOCK WATCH

SHARES in Tullow Oil took a hammering after the oil price plunged as it took on huge debts for a project in Ghana.

Shares have fallen more than 80pc since highs in 2012, and the firm went to shareholders for extra cash this year. But it has restarted development of its TEN oil field off Ghana now a border dispute has been settled, and brokers expect its production to ramp up. Last week analysts at RBC Capital lifted their price target. Shares fell 1.7pc yesterday, or 3.2p, to 183p.