Africa-focused Tullow Oil (TLW.L) expects a full-year operating cash flow of $600 million, steady from last year if the oil price averages $60 a barrel for the rest of the year, it said on Wednesday. If oil prices, currently at around $76 a barrel, average $70 for the remainder of the year, operating cash flow would go up by $50 million, it added. Tullow, which refinanced it $2.3 billion debt pile this year to extend maturities, expects to invest $250 million, mainly on drilling in Ghana, and financing costs of $290 million. Tullow, which has a market capitalization of $1 billion, is guiding for output to stay steady at around 60,000 barrels per day. It has hedged most of its output for the rest of the year at an average price of $67 a barrel and about half of its output at $72 next year with […]