Tethys Oil’s net sales amounted during the first quarter 2015 to MSEK
163. The average selling price during the quarter was USD 63.8 per
barrel and 308,892 barrels were sold. As per 31 March 2015, the
underlift position amounted to 80,924 barrels (overlift of 12,828
barrels as per 31 December 2014). All oil sales relate to Blocks 3&4
in Oman, where Tethys Oil holds 30 per cent of the licence.
| Tethys Oil’s share Blocks 3&4 | Net sales of oil and gas (MSEK) | Average
selling price (USD/bbl) | Net sales (bbl)* | Production (bbl)** |
Over-/underlift (bbl)*** |
| Q1 2015 | 163 | 63.8 | 308,892 | 774,315 | -80,924 |
| Q4 2014 | 310 | 97.1 | 434,035 | 757,730 | 12,828 |
| Q3 2014 | 296 | 107.6 | 399,352 | 762,375 | -27,188 |
| Q2 2014 | 245 | 105.9 | 350,059 | 647,569 | -30,105 |
| Q1 2014 | 195 | 106.6 | 280,782 | 597,979 | -43,428 |
| Full year 2014 | 1,046 | 103.9 | 1,464,228 | 2,765,654 | 12,828 |
* After government take
** Before government take
*** Volumes sold do not always correspond to Tethys Oil’s share of
production after government take during a period. The difference is
called over-/underlift. The over-/underlift position is stated as per
the end of each quarter. Underlift is stated as a negative number.
Tethys also has some production from Lithuania. The result from the
Lithuanian production is reported in the Group’s income statement as net
profit/loss from associates.
Three month report 2015 (January – March 2015) will be disclosed on 5
May 2015.
For further information, please contact
Magnus Nordin, managing director, phone +46 8 505 947 00
Morgan Sadarangani, CFO, phone +46 8 505 947 01
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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
