Press releases
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September 24, 2021 Regulatory press releaseShare buy-backs in Tethys Oil
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September 23, 2021Production update August 2021
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September 9, 2021 Regulatory press releaseTethys Oil to repurchase shares
Tethys Oil published the interim report for the second quarter 2021 on Tuesday 10 August 2021 at approximately 7:30 CEST.
Production
11,108 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 August 2021 to 344,361 barrels of oil, corresponding to 11,108 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.