Tethys Oil AB
STO:TETY

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Tethys Oil AB
STO:TETY
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Price: 58.2 SEK -0.51% Market Closed
Market Cap: 1.9B SEK

Tethys Oil AB
Investor Relations

Tethys Oil AB engages in the exploration and production of oil and natural gas. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2004-04-06. The firm is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the Company holds licence interests in three onshore blocks. Tethys Oil has licences in three countries altogether: Oman, Lithuania and France. Two of the licenses are in production, namely Blocks 3 & 4 in Oman and Gargzdai in Lithuania. During 2013 the Company also had licenses in Sweden, however, they have expired and were not renewed. As of December 31, 2013, the Company had 10 wholly owned subsidiaries active in Sweden, Gibraltar, Switzerland and the British Virgin Islands, such as Tethys Oil Denmark AB, Tethys Oil Spain AB and Tethys Oil Turkey AB, among others.

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Earnings Calls

2024 Q3
Nov 5, 2024
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Tethys Oil's Q3 Highlights: Stability Amid Acquisition Bid
2024 Q3
Nov 5, 2024

Tethys Oil experienced a steady third quarter marked by unchanged revenues of $30.8 million and a slight decline in EBITDA. Cash flow from operations dropped to $15.4 million due to lower oil sales, while net cash stood at $9 million. The company anticipates 2024 production between 7,800 and 8,000 barrels per day, with operating costs expected around $18 per barrel. An exciting development is the ongoing test of the Kunooz-1 well. Additionally, Roc Oil's acquisition offer of SEK 58.70 per share, a 90% premium, has the board's backing, with the acceptance period ending December 2.

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Management

Mr. Magnus Nordin
Founder, CEO, MD & Director
No Bio Available
Mr. Petter Hjertstedt
Chief Financial Officer
No Bio Available
Camilla Hansen
Chief Legal Officer & Head of Business Support
No Bio Available
Mr. Par Malmborg
Head of Energy Investments
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Hovslagargatan 5B 1 Tr
Contacts
+46850594700
www.tethysoil.com