Operational areas outside Oman

Tethys Oil’s portfolio also includes European licences, with indirect interest in one onshore licenses in Lithuania and one dormant onshore licence in France.

Tethys Oil hold interest in the Lithuanian Gargzdai licence, which is in production with less than 100 bopd net to Tethys Oil. The oil produced at the Gargzdai licence has an API of about 42 degrees.

The Attila licence is located some 250 km east of Paris. Tethys Oil is reviewing the prospectivety and potential for additional work at the licence.

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The company’s shares are listed on Nasdaq Stockholm (TETY). Website: www.tethysoil.com