• We are increasing our target price from SEK95to SEK130 per share on our new higher oil price assumptions.
• Tethys is boosting investments from ~US$35 mm in 2021 to US$91 mm in 2022 with the firm intention to restore production at Blocks 3&4 to pre-COVID levels and step-up exploration on Block 56 and Block 58. The FY22 production guidance has been set at 11.0-11.5 mbbl/d (100% oil) and our new oil price forecasts have an important impact on expected cash flow.
• A dividend of SEK7.00 per shar ....
04 Apr 2022
Tethys Oil AB (SSE: TETY): Activity boost with higher oil price. Already a consistent and generous dividend payer
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Tethys Oil AB (SSE: TETY): Activity boost with higher oil price. Already a consistent and generous dividend payer
Tethys Oil AB (TETY:OME), 0 | Tethys Oil AB (0A1V:LON), 4,800
- Published:
04 Apr 2022 -
Author:
Stephane Foucaud -
Pages:
5
• We are increasing our target price from SEK95to SEK130 per share on our new higher oil price assumptions.
• Tethys is boosting investments from ~US$35 mm in 2021 to US$91 mm in 2022 with the firm intention to restore production at Blocks 3&4 to pre-COVID levels and step-up exploration on Block 56 and Block 58. The FY22 production guidance has been set at 11.0-11.5 mbbl/d (100% oil) and our new oil price forecasts have an important impact on expected cash flow.
• A dividend of SEK7.00 per shar ....