Brief: Tethys Oil Announces Financial Guidance For 2020
10/02/2020 23:20
Feb 10 (Reuters) - Tethys Oil AB TETY.ST :
* TETHYS OIL ANNOUNCES FINANCIAL GUIDANCE FOR 2020
* SEES INVESTMENTS IN OIL AND GAS PROPERTIES FOR 2020 OF MUSD 64 - 71, OF WHICH INVESTMENTS
ON
BLOCKS 3&4 EXPECTED TO AMOUNT TO MUSD 55 - 62
* EXPECTS OPERATING EXPENSES TO BE AT OR AROUND USD 11.5 PER BARREL FOR 2020
* EXPECTS ITS ENTITLEMENT OF OIL PRODUCTION FOR 2020 TO BE BETWEEN 51-52 PERCENT
* EXPECTS 2020 ANNUAL AVERAGE PRODUCTION FROM BLOCKS 3&4 IN OMAN IN RANGE OF 12,600 - 13,400
BARRELS OF OIL PER DAY BEFORE GOVERNMENT TAKE
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Further company coverage: TETY.ST
((Reuters.Briefs@thomsonreuters.com;))
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