Tethys Oil AB together with joint venture partners Mitsui E&P Middle
East B.V. and CC Energy Development S.A.L. (Oman branch) (Operator)
have, in accordance with the terms of the Exploration and Production
Sharing Agreement (EPSA) governing the Blocks 3 and 4 licence area
onshore the Sultanate of Oman, agreed new boundaries for the Block 3
licence area with the Ministry of Oil and Gas (MOG).
The new boundaries exclude a 5,480 square kilometres area in the north
eastern part of Block 3, which has been returned to the MOG. After the
agreed adjustment the Blocks 3 and 4 licence area covers 29,130 square
kilometres.
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3
& 4 Ltd, has a 30 per cent interest in Blocks 3 and 4. Partners are
Mitsui E&P Middle East B.V. with 20 per cent and the operator CC
Energy Development S.A.L. (Oman branch) holding the remaining 50 per
cent.
For further information, please contact
Magnus Nordin, managing director, phone +46 8 505 947 00
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This information is information that Tethys Oil AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set
out above, at 08:15 CET on 21 November 2016.
Tethys Oil AB (publ)
Tethys Oil is a Swedish oil company with focus on onshore areas with
known oil discoveries. Tethys Oil's core area is Oman, where the
company holds 2P reserves of 18 mmbo and has oil production of about
12,000 barrels per day from Blocks 3 and 4. Tethys Oil also has onshore
exploration licences in Lithuania and France and some production in
Lithuania. The shares are listed on Nasdaq Stockholm (TETY).
Website: www.tethysoil.com
