Press releases
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January 4, 2022 Regulatory press releaseShare buy-backs in Tethys Oil
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December 30, 2021Production update November 2021
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December 28, 2021 Regulatory press releaseShare buy-backs in Tethys Oil
Tethys Oil published the interim report for the third quarter 2021 on Tuesday 9 November 2021 at 7:30 CET.
Production
11,509 barrels of oil per day
Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in September 2021 to 345,273 barrels of oil, corresponding to 11,509 barrels of oil per day. Oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 is subject to limitations but is likely to fluctuate on a monthly basis.
Extraordinary distribution of SEK 2/share
The AGM 2021 resolved on a share split and mandatory share redemption. In brief, one existing Share has been split into two, of which one is a so-called Redemption Share. Each Redemption Share will automatically be redeemed for a cash payment of SEK two (2.00). After the redemption procedure, each shareholder will own the same number of Shares as before.