Brief: Tethys Oil Q1 EBITDA Falls To USD 17.2 Mln
07/05/2019 06:37
May 7 (Reuters) - Tethys Oil AB TETY.ST :
* Q1 EBITDA OF MUSD 17.2 (MUSD 30.8)
* Q1 REVENUE AND OTHER INCOME OF MUSD 32.7 (MUSD 44.4)
* Q1 PRODUCTION FROM BLOCKS 3&4, OMAN, AMOUNTED TO 11,901
BOPD
(11,898 BOPD)
* WE WILL NOT BENEFIT FROM RECOVERY IN PRICES UNTIL Q2 OF
2019
* WE EXPECT OPERATING EXPENSES PER BARREL IN 2019 TO BE
HIGHER
THAN USD 10.7 RECORDED FOR 2018
* OPERATING EXPENSES FOR Q1 OF 2019 WERE IMPACTED BY CERTAIN
ONE-OFF COSTS AND CARRY-OVERS FROM 2018
Source text for Eikon: ID:nWkr6Cmzsh
Further company coverage: TETY.ST
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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