Extraordinary General Meeting in Tethys Oil is cancelled


The board of directors of Tethys Oil AB (publ) has today decided to withdraw
the proposal regarding a long term incentive programme and consequently to
cancel the Extraordinary General Meeting, scheduled to take place on Friday
November 14th 2014. The board has taken note of viewpoints from international
institutions on the proposed programme, and intends to propose a revised
incentive programme to the Annual General Meeting in May 2015.


 

Stockholm, November 2014

 

TETHYS OIL AB (publ)

The Board of Directors

 

For further information, please contact

Magnus Nordin, Managing Director, phone +46 70 576 6555; magnus@tethysoil.com

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The information in this press release has been made public by the Company in
accordance with the Securities Market Act and/or the Financial Instruments
Trading Act.

 

Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and production of
oil and natural gas. Tethys Oil’s core area is Oman, where the company is one
of the largest onshore oil and gas concession holders. Tethys Oil also has
exploration and production assets onshore France and Lithuania. The shares are
listed on Nasdaq Stockholm (TETY).

Website: www.tethysoil.com

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).