Tethys Oil announces Financial Guidance for 2020
Tethys Oil is pleased to announce the company’s financial guidance for 2020: · Production: annual average in the range of 12,600 - 13,400 bopd · Investments: MUSD 64 - 71 · Operating expenditures: at or around USD 11.5 per barrel · Net entitlement from oil production: between 51-52 percent*ProductionDuring 2020, Tethys Oil expects an annual average production from Blocks 3&4 in Oman in the range of 12,600 - 13,400 barrels of oil per day before government take. InvestmentsTethys Oil expects total investments in oil and gas properties for 2020 of MUSD 64 - 71, of which