Share info
+/- SEK Volume

Board committees

Remuneration committee

The board has established a remuneration committee. The work is mainly focused on establishing principles for remuneration to management, to monitor and evaluate variable remuneration and the application of the guidelines for remuneration as well as to construct and propose an incentive programme to the AGM. The remuneration committee reports to the board, normally in conjunction with the following board meeting.

The remuneration committee consist of Per Seime (chairman), Dennis Harlin and Katherine H. Støvring.

Audit committee

The board has established an audit committee. The work is mainly focused on supervising the Company’s financial reporting and assessing the efficiency of the Company’s financial internal controls, with the primary objective of providing support to the board in the decision making processes regarding such matters. The audit committee also regularly liaises with the Group’s statutory auditor as part of the annual audit process and reviews the audit fees and the auditor’s independence and impartiality. The Audit committee reports to the board, normally in conjunction with the following board meeting.

The audit committee consist of Geoff Turbott (chairman), Per Seime and Katherine H. Støvring.

Technical committee

The board has established a technical committee. The work is mainly focused on monitoring the work program and budget including field development strategies, the development of the reserves and technical review of new ventures opportunities. The technical committee reports to the board, normally in conjunction with the following board meeting.

The Technical committee consist of Rob Anderson (chairman), Alexandra Herger and Geoffrey Turbott.

 

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P Reserves of 22 mmbo and 2C Contingent Resources of 17 mmbo and had an average oil production of 12,162 barrels per day from Blocks 3&4 during 2017. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).