Tethys Oil AB was founded in 2001 and was awarded its first licence onshore Denmark in 2002. Tethys has participated in a number of projects and depending on results some licences have been relinquished and others have been added.
Tethys Oil awarded Block 58 onshore Oman
Tethys Oil farms out 50% in Block 49
Tethys Oil acquires a further 45% interest in Block 56
Record Production from Blocks 3&4, Oman
Tethys Oil acquires 20 percent in Block 56 onshore Oman
Tethys Oil distributes SEK 8.00 per share to its shareholders
Record financial results and successful appraisal of contingent resources
Tethys Oil distributes SEK 6.00 per share to its shareholders
Tethys Oil awarded Block 49 onshore Oman
Tethys Oil distributes SEK 1.00 per share to its shareholders
Production in 2016 amounts to 12,235 bopd (before government take)
Tethys Oil distributes SEK 4.00 per share to its shareholders
Tethys Oil distributes SEK 3.00 per share to its shareholders
A four-year Senior RBL of up to MUSD 100
MSEK 400 bond redeemed
Tethys Oil approved for listing on NASDAQ OMX Stockholm
Acquisition of indirect interests in oil producing assets in Lithuania.
FDP for Block 3&4 approved, licence terms extended until 2040
Three year MSEK 400 bond loan issued
20 percent of Block 3 & 4 farmed out to Mitsui.
Production started a Blocks 3 & 4.
First drilling as a partner on Blocks 3 & 4.
Acquisition of interests in Blocks 3 & 4, Oman.
First Company-operated well drilled in Denmark
IPO and listing on First North.