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. Tethys Oil's core area is Oman, where the company holds 2P Reserves of 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).