Brief: Tethys Oil Q2 EBITDA At USD 8.7 Mln, Down Q/Q

Tethys Oil AB

11/08/2020 06:34

Aug 11 (Reuters) - Tethys Oil AB  TETY.ST :
    * SECOND QUARTER AND HALF YEAR REPORT - 30 JUNE 2020
    * Q2 PRODUCTION FROM BLOCKS 3&4, OMAN, AT 10,597 BARRELS PER
DAY
(Q1 2020: 13,032 BARRELS PER DAY)
    * Q2 REVENUE AND OTHER INCOME OF MUSD 21.1 (MUSD 37.3 IN Q1)
    * Q2 EBITDA OF MUSD 8.7 (MUSD 21.9 IN Q1)
    * ELECTED TO SUSPEND OUR FINANCIAL AND PRODUCTION GUIDANCE
FOR
YEAR
    * THANKS TO RAPIDLY IMPLEMENTED INVESTMENT DEFERRALS BY
OPERATOR
FOR BLOCKS 3&4, WE EXPECT OUR CAPITAL EXPENDITURES TO
SIGNIFICANTLY COME DOWN FOR REMAINDER OF YEAR

Source text for Eikon:  ID:nWkr6Ny3Yg 
Further company coverage:  TETY.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))