Brief: Tethys Oil Q3 EBITDA Rises To USD 16.5 Mln

Tethys Oil AB

09/11/2021 06:36

Nov 9 (Reuters) - Tethys Oil AB  TETY.ST :
    * EXPECTS FULL YEAR AVERAGE PRODUCTION OF APPROXIMATELY
11,100
BOPD
    * Q3 FREE CASH FLOW OF MUSD 13.1 IN Q3 (MUSD 4.9)
    * INCREASED NEED FOR WORKOVERS AND MAINTENANCE HAS RESULTED
IN
LOWER THAN ANTICIPATED PRODUCTION IN Q3 WHICH IS EXPECTED TO
PERSIST IN Q4
    * ACHIEVED OIL PRICE IN Q3 UP 11 PERCENT TO USD 66.7 PER
BARREL
COMPARED TO Q2
    * Q3 REVENUE AND OTHER INCOME $29.4 MILLION VERSUS $20.4
MILLION
YEAR AGO
    * Q3 EBITDA $16.5 MILLION VERSUS $9.5 MILLION YEAR AGO
    * Q3 PRODUCTION FROM BLOCKS 3&4, OMAN 11,280 BOPD VERSUS
10,651
BOPD YEAR AGO

Source text for Eikon:  ID:nMFN3jXmK0 
Further company coverage:  TETY.ST 

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