Oil exploration and production firm Tullow Oil Plc has seen a huge leap in its profits for last year. Profits went up by 137 percent from 31 million to 73 million dollars. This was fueled by an increase in revenues from higher oil and gas prices partially offset by lower sales volumes. The group however expects its fortunes to be transformed by production from Ghana’s Jubilee Field this year. The final results posted on its website mentions further discoveries here in Ghana and signs of more oil. Joy Business has gathered the group is also working to finally list on the Ghana Stock Exchange possibly by the second quarter of this year to enable Ghanaians share in its fortunes. The 2011 results put Tullow’s balance sheet at 2.35 billion dollars. Source: Joy Business/Ghana