second quarter 2012 ·41% increase in 2C contingent resources to 13.8 mmbo
·Export pipeline works completed on Block 3 and 4 Oman – launched in June ·10
wells drilled on Block 3 Oman ·Record gross production of 302,081 bbls
corresponding to 3,320 bopd ·Net sales of MSEK 154 ·Result before write down of
oil and gas interests MSEK 128 ·Write down of oil and gas properties of MSEK
113 regarding part of Block 15 and France ·Net result MSEK 15 ·Earnings per
share of SEK 0.46 ·Directed new share issues of MSEK 120 completed in May 2012
Six Months 2012 ·Record gross production of 586,562 bbls corresponding to
3,223 bopd ·Net sales of MSEK 298 ·Net result MSEK 123 – significantly impacted
by write downs ·Earnings per share of SEK 3.75
MSEK (unless 1 Jan 2012 – 1 Apr 2012 – 1 Jan 2011 – 1 Apr 2011 1 Jan 2011
specifically 30 Jun 30 Jun 30 Jun – 30 Jun – 31 Dec
stated) 2012 2012 2011 2011 3 2011 12
6 months 3 months 6 months months months
Production,
before 586,562 302,081 83,249 64,585 423,469
government
take (bbl)
Net sales,
after 380,416 184,994 20,903 4,871 147,228
government
take (bbl)
Average
selling price 113.83 119.34 92.99 105.80 107.37
per barrel,
USD
Net sales of 298 154 13 3 104
oil and gas
Operating 105 -4 2 -2 83
result
EBITDA 238 120 3 -1 84
Result for 123 15 -14 1 69
the period
Earnings per 3.75 0.46 -0.43 0.02 2.12
share, SEK
Cash and cash 44 44 178 178 93
equivalents
Investments 442 232 21 6 205
For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 679 49 95; magnus@tethysoil.com
or Morgan Sadarangani, CFO, phone +46 8 679 49 91; morgan@tethysoil.com
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 First North (TETY) in Stockholm. Remium AB is
Certified Adviser.
