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After months of unrelenting attempts by some elements in the ruling government to cause commercial and collateral damage to EO Group, the only Ghanaian partners in the Jubilee oil field with planned prosecution of the group by the Attorney-General's office, reason has finally prevailed, thereby fine-tuning government�s earlier posture towards the company. The twirl of controversies that surrounded EO Group�s share in the Jubilee fields attracted major concerns from industry players, who argued vehemently that protracting the issue could gravely affect investment flows into the country�s oil sector. The group was subjected to an incomprehensible campaign of character assassination, false allegations of misconduct and abuse. However the Ghanaian partners made a major stride on Monday following the approval and conclusion of an agreement with British firm, Tullow Oil for the acquisition of EO�s stake in the oilfield. The deal, which required consent by the government, gives Africa-focused Tullow an extra 1.75 percent stake in the field, leaving it with a holding of 36.5 percent. Subsequent to an announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc announced on Monday that all of the conditions to the acquisition were satisfied, thereby completing the deal. The company in a latest release said: �This acquisition, with an effective date of 1 December 2010, will increase Tullow's interest in the West Cape Three Points licence offshore Ghana by 3.5% to 26.4% and increase the Group's interest in the Jubilee field, which Tullow operates, by 1.75% to 36.5%.� With the completion of the deal, the company said �10,137,196 ordinary shares of 10p each in the capital of Tullow (Shares), are expected to be admitted on 26 July 2011 to the official list of the UK Listing Authority and the official list of the Irish Stock Exchange and to trade on the main markets of the London Stock Exchange and the Irish Stock Exchange. The shares satisfy approximately $216 million of the consideration and the balance, which includes certain working capital adjustments, has been paid in cash�. The company went on to say that �following admission, the total number of shares in issue is 900,315,402, and the total number of voting rights in the Company is 900,315,402. The Company holds no shares in treasury�. In conclusion the statement explained that, �the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules�. Meanwhile the transaction has been met with loads of commendations pouring in from international watchers who are of the view that government had shown good faith in the face of intense pressure from within and without its fold.