+/- SEK Volym

Report for the period 1 January 2012 - 31 March 2012

2012-05-14T09:00:00 CET


  • Result for the first quarter 2012 amounted to TSEK 107,601

  • Net sales of TSEK 144,710 during first quarter 2012

  • Net sales and result impacted by December 2011 lifting conducted in January 2012 amounting to TSEK 37,702

  • Tethys Oil's share of oil production before government take from Block 3 and 4 during the first quarter 2012 amounted to 284,481 barrels

  • Earnings per share amounted to SEK 3.31

  • Five new Farha fault blocks drilled along the Farha trend in 2012 - three encountered oil

  • Directed new share issues of MSEK 120 completed in May 2012

  • Cash and cash equivalents as per 31 March 2012 amounted to TSEK 67,947 (TSEK 93,105)

(For full report, see attached file)


For further information, please contact

Magnus Nordin, Managing Director, phone +46 8 679 49 95; magnus@tethysoil.com


Morgan Sadarangani, CFO, phone +46 8 679 49 91; morgan@tethysoil.com


Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on identification and development for production of oil and natural gas assets. Tethys Oil's core area is the Sultanate of Oman, where the company is the second largest onshore oil and gas concession-holder with licence interest in three onshore blocks. Tethys Oil also has licence interests onshore France, Lithuania and Sweden. Tethys Oil's strategy is to invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology. In this way, high returns can be achieved with limited risk. The shares are listed on First North (TETY) in Stockholm. Remium AB is the company's Certified Adviser.


Om Tethys Oil

Tethys Oil är ett svenskt oljebolag med fokus på onshoreområden med kända oljefynd. Tethys kärnområde är Oman, där bolaget har 22 miljoner fat i bevisade och sannolika oljereserver och 17 miljoner fat i betingade resurser 2C. Under 2017 hade Tethys Oil en genomsnittlig oljeproduktion om 12 162 fat om dagen från Block 3&4. Tethys Oil har också prospekteringstillgångar onshore Frankrike och Litauen och viss produktion i Litauen. Aktierna är noterade på Nasdaq Stockholm (TETY).