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Tethys Oil issues three year bond loan

2012-08-31T16:42:00 CET

Tethys Oil AB (publ) ("Tethys") issues a secured three-year bond loan of SEK 400 million. The bonds are issued at 100 percent of the nominal value and run with a fixed interest rate of 9.50 percent per year. Settlement date is 7 September 2012 and the maturity date of the bonds is 7 September 2015. Tethys intends to list the bonds on NASDAQ OMX Stockholm.

A minimum of SEK 200 million of the proceeds will be used for capital expenditures related to Block 3 & 4 in Oman. The remaining net proceeds will be applied towards general corporate purposes.

Pareto Öhman AB has been the financial adviser to Tethys in connection with the bond issue. Gernandt & Danielsson Advokatbyrå KB has been the legal adviser to Pareto Öhman AB.

 

For further information, please contact

Magnus Nordin, Managing Director, phone +46 70 576 6555; magnus@tethysoil.com

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

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Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and production of oil and natural gas. Tethys Oil's core area is Oman, where the company is one of the largest onshore oil and gas concession holders. Tethys Oil also have exploration and production assets onshore France, Lithuania and Sweden.

The shares are listed on First North (TETY) in Stockholm. Remium AB is Certified Adviser.

Website: www.tethysoil.com

Bilagor

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).