Tethys Oil AB: Second quarter and half year report - 30 June 2017
Second quarter 2017 (first quarter 2017) · Production amounted to 12,477 bopd (12,495 bopd) · Revenue of MUSD 31.4 (MUSD 29.3) · EBITDA of MUSD 21.0 (MUSD 19.3) · Net result of MUSD 10.6 (MUSD 6.7) · Earnings per share amounted to USD 0.31 (USD 0.19) · 12 new wells completed on Blocks 3&4 · Exploration well Ulfa-1 flows oil to surface · One previously undrilled fault block on Farha South successfully drilled and found to be oil bearing · Daily production on Blocks 3&4 expected to be in line