Brief: Tethys Oil Announces Financial Guidance For 2024

Tethys Oil AB

06/02/2024 06:40

Feb 6 (Reuters) - Tethys Oil AB  TETY.ST :
    * TETHYS OIL ANNOUNCES FINANCIAL GUIDANCE FOR 2024
    * SEES 2024 PRODUCTION: ANNUAL AVERAGE IN RANGE OF 8,200 ±
400
BOPD
    * OPERATING EXPENDITURES: USD 17.5 PER BARREL
    * SEES 2024 INVESTMENTS: MUSD 90-94
    * EXPECTS AVERAGE OPERATING EXPENDITURE TO BE APPROXIMATELY
USD
17.5 PER BARREL FOR FULL YEAR 2024
    * DUE TO INCREASED COSTS RELATED TO RAMP UP OF GAS-TO-POWER
PROJECT, OPEX IS EXPECTED TO BE ABOVE FY AVERAGE OF 17.5 BARREL
IN H1 AND TO DECLINE TO A LEVEL BELOW FULL YEAR AVERAGE IN H2

Source text for Eikon:  ID:nMFNc9f4wM 
Further company coverage:  TETY.ST 

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