The company had cash of US$62 mm at the end of 2Q19 (GMP FEe: c. US$69 mm) with no debt. The Yusr-1 exploration well, drilled in the recently acquired 3D seismic north of Farha South, is in progress. On the exploration side, Tethys continues to mature and high-grade its lead inventory in Blocks 3&4 while awaiting the results from the Yusr-1 well, which is currently in progress. Yusr-1 is the first exploration well to be drilled in the recently acquired 3D seismic area to the north of Farh
13 Aug 2019
FLASH: 2Q19 results
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FLASH: 2Q19 results
Tethys Oil AB (0A1V:LON) | 4,800 0 0.0% | Mkt Cap: 1,587m
- Published:
13 Aug 2019 -
Author:
Taro Kiley -
Pages:
2
The company had cash of US$62 mm at the end of 2Q19 (GMP FEe: c. US$69 mm) with no debt. The Yusr-1 exploration well, drilled in the recently acquired 3D seismic north of Farha South, is in progress. On the exploration side, Tethys continues to mature and high-grade its lead inventory in Blocks 3&4 while awaiting the results from the Yusr-1 well, which is currently in progress. Yusr-1 is the first exploration well to be drilled in the recently acquired 3D seismic area to the north of Farh