Tethys Oil

Latest News

Exploration well LE-1 suspended for further study

The exploration well LE-1 in the eastern part of Block 4 onshore the Sultanate of Oman has been suspended to allow for further studies in the future. An oil sample has been recovered from the well, indicating the presence of medium light oil, which suggests that a petroleum system may be active also... Wednesday, November 19, 2014

Tethys Oil announces third quarter and nine months report 2014

MSEK (unless specifically stated) Third quarter 2013 Second quarter 2014 Third quarter 2014 % Q3 2014 to Q2 2014 Production, before government take (bbl) 442,352 658,123 772,722 17% Average daily production, before government take (bbl) 4,808 7,232 8,399 16% N... Tuesday, November 4, 2014

Tethys Oil AB announces second quarter and half year report 2014

New third party reserve report relating only to Lower Buah reservoir on Block 4, Oman as at 30 June 2014 1P reserves 2.3 mmbo (1.2 mmbo 31 Dec 2013) 2P reserves 5.0 mmbo (2.2 mmbo 31 Dec 2013) 3P reserves 7.4 mmbo (3.7 mmbo 31 Dec 2013) Second quarter 2014 net sales of MSEK 245 compared to ... Tuesday, August 19, 2014

Tethys Oil announces production update July 2014

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in July 2014 to 255,400 barrels of oil, corresponding to 8,239 barrels of oil per day (bopd). Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has ... Wednesday, August 13, 2014


Tethys Oil announces sales update for second quarter 2014

Tethys Oil’s net sales amounted during the second quarter 2014 to MSEK 245. The average selling price during the quarter was USD 105.9 per barrel and 350,059 barrels were sold. As per 30 June 2014, the underlift position amounted to 30,105 barrels (underlift of 43,428 barrels as per 31 March 2... Wednesday, July 30, 2014

Tethys Oil announces production update for June 2014

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in June 2014 to 219,777 barrels of oil, corresponding to 7,326 barrels of oil per day (bopd). Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has ... Wednesday, July 23, 2014

Tethys Oil increases interest in Rietavas licence onshore Lithuania

Tethys Oil AB has increased its indirect interest in the Rietavas licence onshore Lithuania from 14% to 30% as joint venture partner Chevron elects to leave the licence. The work programme, focused on evaluation of the licence area for conventional and unconventional hydrocarbon potential, continues... Monday, July 7, 2014

Tethys Oil provides an update on production

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in April 2014 to 208,772 barrels of oil and in May 2014 to 219,020 barrels of oil, corresponding to 6,959 barrels of oil per day (bopd) and 7,065 bopd respectively. The total produ... Monday, June 9, 2014

Tethys Oil announces 2014 first quarter report

FIRST QUARTER 2014 First quarter 2014 net sales of MSEK 195 compared to MSEK 193 in fourth quarter 2013. Net sales has not kept up with production increase which has created an increased underlift position at 31 March 2014 compared to 31 December 2013 Net result after tax first quarter 2014 of M... Tuesday, May 6, 2014

Tethys Oil provides sales update for first quarter 2014

Tethys Oil's net sales amounted during the first quarter 2014 to MSEK 195. The average selling price during the quarter was USD 106.6 per barrel and 280,782 barrels were sold. As per 31 March 2014, the underlift position amounted to 43,428 barrels (underlift of 13,261 barrels as per 31 December... Wednesday, April 16, 2014

Tethys Oil provides production update for March 2014

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in March 2014 to 210,878 barrels of oil, corresponding to 6,803 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in March to 702,926 barrels of oil,... Friday, April 11, 2014

Tethys Oil AB completes early redemption of its SEK 400,000,000 bond loan

Tethys Oil AB gave on 4 March 2014 notice of early redemption its SEK 400,000,000 9.50% bond 2012/2015 (ISIN: SE0004808129). Tethys has completed the early redemption and paid the early redemption amount together with accrued but unpaid interest on all bonds.... Tuesday, April 8, 2014

Tethys Oil provides production update for February 2014

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in February 2014 to 188,148 barrels of oil, corresponding to 6,720 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in February to 627,158 barrels o... Wednesday, March 19, 2014

Tethys Oil co-founder and previous chairman Mr. Vincent Hamilton has passed away

It is with great sadness Tethys Oil announces that the company's co-founder and previous chairman Mr. Vincent Hamilton has passed away after a long battle against neuroendocrine cancer. Vincent Hamilton co-founded Tethys Oil in 2001 and was the company's chairman from its inception until Oc... Monday, March 10, 2014

Tethys Oil signs senior revolving reserve-based lending facility to be used in part to redeem its SEK 400,000,000 bond

Tethys Oil AB (publ) (TETY:Stockholm) signed a four-year, up to MUSD 100, Senior Revolving Reserve-Based Lending Facility (the 'Facility') with BNP Paribas ('BNPP'). BNPP acts as Coordinating Mandated Lead Arranger, Bookrunner, Technical Bank and Facility Agent. The Facility leverage... Friday, February 28, 2014

Tethys Oil discover oil in onshore Oman

The exploration well B4EW6 drilled on a previously undrilled structure onshore Oman has tested flows in excess of 2,200 BOPD on a 32/64 inch choke from the Lower Buah formation. B4EW6 was drilled approximately 13 km south of the B4EW4 discovery. The new B4EW6 well constitutes the best flows encounte... Wednesday, February 12, 2014

Tethys Oil announces production update for January 2014

Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in January 2014 to 198,954 barrels of oil, corresponding to 6,418 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in January to 663,180 barrels of ... Friday, February 7, 2014
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