Brief: Tethys Oil Q4 EBITDA Rises To $18.0 Mln

Tethys Oil AB

08/02/2022 06:38

Feb 8 (Reuters) - Tethys Oil AB  TETY.ST :
    * BOARD OF DIRECTORS PROPOSES AN ORDINARY DIVIDEND OF SEK
2.00 PER
SHARE (2021: SEK 2.00)
    * PRODUCTION OF 10,659 BARRELS PER DAY IN Q4 AND FULL YEAR
2021
AVERAGE PRODUCTION OF 11,136 BARRELS PER DAY
    * BOARD OF DIRECTORS PROPOSES AN EXTRAORDINARY DISTRIBUTION
OF SEK
5.00 BY WAY OF A MANDATORY SHARE REDEMPTION PROGRAMME FOLLOWING
2022 AGM
    * Q4 EBITDA OF MUSD 18.0 (MUSD 16.5) DRIVEN BY RISING
ACHIEVED OIL
PRICES AND HIGHER NET ENTITLEMENT
    * 2022 OUTLOOK & GUIDANCE: FULL YEAR AVERAGE PRODUCTION
EXPECTED
TO BE BETWEEN 11,000-11,500 BARRELS PER DAY
    * Q4 REVENUE AND OTHER INCOME $31.8 MILLION VERSUS $22.3
MILLION
YEAR AGO
    * 2022 OUTLOOK & GUIDANCE: OPERATING EXPENDITURE EXPECTED TO
BE
USD 12 PER BARREL (+/- 0.5 PER BARREL)
    * 2022 OUTLOOK & GUIDANCE: INVESTMENTS IN OIL AND GAS
PROPERTIES
IS EXPECTED TO BE MUSD 91
    * Q4 EBITDA $18.0 MILLION VERSUS $10.2 MILLION YEAR AGO
    * YEAR-END 2021 2P RESERVES OF 26,174 MBO AND 2C CONTINGENT
RESOURCES OF 15,600 MBO
    * 2P INTERNAL RESERVE REPLACEMENT RATIO OF 82 PERCENT (2020:
120
PERCENT)

Source text for Eikon:  ID:nMFNbHn5rx 
Further company coverage:  TETY.ST 

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