Brief: Tethys To Book Impairment Charge And Exploration Costs

Tethys Oil AB

25/01/2024 07:29

Jan 25(Reuters) - Tethys Oil AB  TETY.ST :
    * SAID ON WEDNESDAY EXPECTS TO RECOGNISE NON-CASH IMPAIRMENT
CHARGE OF $37 MLN-47 MLN AND EXPLORATION COSTS OF $6.3 MLN IN Q4
2023
    * IMPAIRMENT TEST HAS TAKEN INTO ACCOUNT FUTURE PRODUCTION
AND
EXPENDITURE ESTIMATES AS WELL AS UPDATED OIL PRICE FORECASTS AND
COST OF CAPITAL ASSUMPTIONS
    * EXPECTS REMAINING BOOK VALUE OF OIL AND GAS PROPERTIES
RELATED
TO BLOCKS 3&4 AS OF DEC 31 2023 AT $180 MLN-190 MLN

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN26lmBQ
 Further company coverage:  TETY.ST  

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