Production update October 2016

Tethys Oil’s share of the production, before government take, from
Blocks 3 and 4 onshore the Sultanate of Oman amounted in October 2016 to
379,432 barrels of oil, corresponding to 12,240 barrels of oil per day.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3
and 4 Ltd, has a 30 per cent interest in Blocks 3 and 4. Partners are
Mitsui E&P Middle East B.V. with 20 per cent and the operator CC
Energy Development S.A.L. (Oman branch) holding the remaining 50 per
cent.

 

 

For further information, please contact

Magnus Nordin, Managing Director, phone +46 8 505 947 00

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This information is information that Tethys Oil AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set
out above, at 08:30 CET on 21 November 2016.

 

Tethys Oil AB (publ)

Tethys Oil is a Swedish oil company with focus on onshore areas with
known oil discoveries. Tethys Oil\'s core area is Oman, where the
company holds 2P reserves of 18 mmbo and has oil production of about
12,000 barrels per day from Blocks 3 and 4. Tethys Oil also has onshore
exploration licences in Lithuania and France and some production in
Lithuania. The shares are listed on Nasdaq Stockholm (TETY).

Website: www.tethysoil.com