Tethys Oil is a very well-funded, dividend-paying, Sweden listed US$160 mm market cap E&P with ~25 mmbbl 2P reserves in Oman and ~10 mbbl/d WI production. The company stands apart from its peers on three principal ways: (1) It has achieved “textbook” execution, turning what was initially a small uncommercial onshore discovery on a tiny portion of Blocks 3&4 into a large field that has already produced ~100 mmbbl with a further ~120 mmbbl 3P reserves. (2) The production is very cash generative ev ....
15 Oct 2020
Tethys Oil AB (SSE: TETY): Initiating Coverage
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Tethys Oil AB (SSE: TETY): Initiating Coverage
Tethys Oil AB (TETY:OME), 0 | Tethys Oil AB (0A1V:LON), 4,800
- Published:
15 Oct 2020 -
Author:
Stephane Foucaud -
Pages:
22
Tethys Oil is a very well-funded, dividend-paying, Sweden listed US$160 mm market cap E&P with ~25 mmbbl 2P reserves in Oman and ~10 mbbl/d WI production. The company stands apart from its peers on three principal ways: (1) It has achieved “textbook” execution, turning what was initially a small uncommercial onshore discovery on a tiny portion of Blocks 3&4 into a large field that has already produced ~100 mmbbl with a further ~120 mmbbl 3P reserves. (2) The production is very cash generative ev ....