Jubilee operator, Tullow Oil has postponed its listing on the Ghana Stock Exchange. According to official sources the listing has been rescheduled for next year. Joy Business’ George Wiafe reports that the company took the decision because it realized it was unlikely to secure in good time, the necessary approvals from the market regulator, the Securities and Exchange Commission. Joy Business has also learnt that the Jubilee operator wants to focus more on the events leading up to the production of first oil from the field. Tullow had hoped its listing on the local bourse would coincide with the celebration of first oil. The company plans to offload as much as GHS100 million or $70 million worth of its shares onto the GSE. Should the public offer be successful, it would be the biggest ever on the GSE, even though it is a mere fraction of the UK-listed company. The company which is listed on the London Stock Exchange has a total equity of over GHS3.3 billion or $2.3 billion as at the end of 2009. Officials see the listing as a gesture to affirm that it is in Ghana for the long haul. Source: Joy Business/Ghana