Tethys Oil’s share of production in Blocks 3&4 onshore the Sultanate of Oman, prior to the settlement of the state’s share, amounted in June 2018 for 350 224 barrels of oil, corresponding to an average daily production of 11 674 barrels of oil.
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd., A 30 per cent stake in Blocks 3&4. Partners are Mitsui E&P Middle East B. V. with 20 per cent and the operator CC Energy Development S. A. L. (Oman branch) with 50 percent share.
For further information, please contact the
Magnus Nordin, Managing Director, tel.: +46 8 505 947 00
The information was submitted, by the above contact person in the government, for publication on 12 July 2018 there 12:50 CET.
Tethys Oil AB (publ)
Tethys Oil is a Swedish oil company with a focus on onshoreområden with known oljefynd. Tethys Oil’s core area is Oman, where the company has 22 million barrels in proved and probable oil reserves and 17 million barrels of contingent resources 2C. In 2017 had Tethys Oil an average production rate of 12 162 barrels a day from Blocks 3&4. Tethys Oil also has exploration assets onshore France and Lithuania, and the production of certain goods in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tethys Oil ab via Globenewswire