3Q19 production was 13,053 bbl/d from Blocks 3&4 in Oman. The company had cash of US$71.9 mm at the end of 3Q19 (GMP FEe: c. US$72.8 mm) with no debt. Drilling is ongoing at exploration well Maather-1. The Yusr-1 well encountered oil shows however experienced some difficulties during drilling making testing inconclusive but Tethys hopes for a successful well test later this year.
05 Nov 2019
FLASH: 3Q19 results
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FLASH: 3Q19 results
Tethys Oil AB (0A1V:LON) | 0 0 0.0% | Mkt Cap: 1,587m
- Published:
05 Nov 2019 -
Author:
Taro Kiley -
Pages:
2
3Q19 production was 13,053 bbl/d from Blocks 3&4 in Oman. The company had cash of US$71.9 mm at the end of 3Q19 (GMP FEe: c. US$72.8 mm) with no debt. Drilling is ongoing at exploration well Maather-1. The Yusr-1 well encountered oil shows however experienced some difficulties during drilling making testing inconclusive but Tethys hopes for a successful well test later this year.