Production update November 2015

Tethys’ share of the production, before government take, from Blocks 3
and 4 onshore the Sultanate of Oman amounted in November 2015 to 331,762
barrels of oil, corresponding to 11,059 barrels of oil per day.
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3
and 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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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. Tethys Oil’s core area is the Sultanate of Oman,
where the company is one of the largest onshore oil concession holders
with a current net production of approximately 11,000 barrels of oil per
day. Tethys Oil also has exploration and production assets onshore
Lithuania and France. 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. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49 and Block 56. 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