Brief: Tethys Oil Suspends Financial Guidance For 2020

Tethys Oil AB

27/04/2020 14:17

April 27 (Reuters) - Tethys Oil AB  TETY.ST :
    * TETHYS OIL ADVISED ON PRODUCTION LIMITATIONS, SUSPENDS
FINANCIAL
GUIDANCE FOR 2020
    * BLOCKS 3&4 WILL BE SUBJECT TO PRODUCTION LIMITATION FROM 1
MAY
2020
    * TETHYS OIL'S SHARE OF PRODUCTION QUOTA, BEFORE GOVERNMENT
TAKE,
FOR MAY AND JUNE 2020 WILL AMOUNT TO 8,700 BARRELS OF OIL PER
DAY
    * QUOTA WILL AS OF 1 JULY INCREASE TO 9,300 BARRELS OF OIL
PER DAY
AND REMAIN AT THAT LEVEL THROUGHOUT 2020
    * SUSPENDS PREVIOUSLY ANNOUNCED FINANCIAL GUIDANCE FOR 2020
REGARDING PRODUCTION (PREVIOUSLY 12,600 - 13,400 BOPD BEFORE
GOVERNMENT TAKE)
    * SUSPENDS PREVIOUSLY ANNOUNCED FINANCIAL GUIDANCE FOR 2020
REGARDING INVESTMENTS (PREVIOUSLY MUSD 50 - 64) AND OPERATING
EXPENSES (PREVIOUSLY USD 11.5 PER BARREL)

Source text for Eikon:  ID:nWkrbphQq4 
Further company coverage:  TETY.ST 

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