FIRST QUARTER 2013
• Production from Oman and Lithuania of 368,481 barrels corresponding to
4,094 barrels per day
• Exploration well B4EW4 encountered oil and flowed close to 3,000 bopd on
test
• Tethys Oil books the company’s first reserves in Oman – 14.3 mmbo of
2P-reserves
• Tethys receives MUSD 10 bonus payment from Mitsui
• Net sales of MSEK 146 (MSEK 145)
• Net result after tax MSEK 105 (MSEK 108)
• Earnings per share before and after dilution of SEK 2.94 (SEK 3.31)
SUBSEQUENT EVENTS
• Lithuania exploration well spudded in April
• Tethys Oil approved for listing on NASDAQ OMX Stockholm
• A second well is being drilled on the B4EW4 structure onshore Oman
• Production from Oman in April 2013 of 129,916 barrels corresponding to
4,331 barrels per day
MSEK (unless 1 Jan 2013 – 31 1 Jan 2012 – 31 1 Jan 2012 – 31 Dec
specifically stated) Mar 2013 Mar 2012 2012 12
3 months 3 months months
Production, before 368,481 299,123 1,399,518
government take (bbl)
Net sales, after 209,538 195,422 776,248
government take (bbl)
Average selling price 107.63 108.61 110.35
per barrel, USD
Net sales of oil and 146 145 584
gas
Operating result 124 109 336
EBITDA 152 119 509
Result for the period 105 108 314
Earnings per share
before and after 2.94 3.31 9.11
dilution, SEK
Cash and cash 270 68 248
equivalents
Shareholders’ equity 949 559 860
Long term debt 418 3 417
Investments 35 210 875
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 have
exploration and production assets onshore France, Lithuania and Sweden.
The shares are listed on NASDAQ OMX Stockholm (TETY).
(For full report, see attached file)
For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 505 947 02; magnus@tethysoil.com
or
Morgan Sadarangani, CFO, phone +46 8 505 947 01; morgan@tethysoil.com
