Sales update third quarter 2015


                        
Tethys Oil’s net sales amounted during the third quarter 2015 to MSEK
307. The average selling price during the quarter was USD 61,8 per
barrel and 584,399 barrels were sold. As per 30 September 2015, the
overlift position amounted to 129,439 barrels (overlift of 22,647
barrels as per 30 June 2015). All oil sales relate to Blocks 3&4 in
Oman, where Tethys Oil holds 30 per cent of the licence.


| Tethys Oil’s share Blocks 3&4 | Net sales of oil and gas (MSEK) | Average
selling price (USD/bbl) | Net sales (bbl)\* | Production (bbl)\*\* |
Over-/underlift (bbl)\*\*\* | 
| Q3 2015 | 307 | 61,8 | 584,399 | 918,474 | 129,439 |
| Q2 2015 | 265 | 57.8 | 545,019 | 848,939 | 22,647 |
| Q1 2015 | 163 | 63.8 | 308,892 | 774,315 | -80,924 |
| Q4 2014 | 310 | 97.1 | 434,035 | 757,730 | 12,828 |
| Q3 2014 | 296 | 107.6 | 399,352 | 762,375 | -27,188 |
| Full year 2014 | 1,046 | 103.9 | 1,464,228 | 2,765,654 | 12,828 |

 

\* After government take

\*\* Before government take

\*\*\* Volumes sold do not always correspond to Tethys Oil’s share of
production after government take during a period. The difference is
called over-/underlift. The over-/underlift position is stated as per
the end of each quarter. Underlift is stated as a negative number.

 

Tethys also has some production from Lithuania. The result from the
Lithuanian production is reported in the Group’s income statement as net
profit/loss from associates.

 

Nine month report 2015 (January –September 2015) will be disclosed on 3
November 2015.

 

For further information, please contact

Magnus Nordin, managing director, phone +46 8 505 947 00

Morgan Sadarangani, CFO, phone +46 8 505 947 01

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--------------------------------- 

The information in this press release has been made public by the
Company in accordance with the Securities Market Act and/or the
Financial Instruments Trading Act.

 

Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and
production of oil. Tethys Oil’s core area is the Sultanate of Oman,
where the company is one of the largest onshore oil concession holders
with a current net production of approximately 10,000 barrels of oil per
day. Tethys Oil also has exploration and production assets onshore
Lithuania and France. The shares are listed on Nasdaq Stockholm (TETY).

Website: www.tethysoil.com

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