Tethys Oil

OverviewSuggest Edit

Tethys Oil focuses on the exploration and production of oil and natural gas properties. The Company's strategy is to invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology.
TypePublic
Founded2001
HQStockholm, SE
Websitetethysoil.com

Latest Updates

Employees (est.) (Jun 2022)26(-7%)
Revenue (FY, 2021)$112.7 M(+12%)
Share Price (Aug 2022)KR63.8(-1%)
Cybersecurity ratingBMore
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Key People/Management at Tethys Oil

Rob Anderson

Rob Anderson

Director
Klas Brand

Klas Brand

Director
Petter Hjertstedt

Petter Hjertstedt

CFO
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Tethys Oil Office Locations

Tethys Oil has offices in Stockholm and Muscat
Stockholm, SE (HQ)
Hovslagargatan 5B
Muscat, OM
Al Azaiba South
Show all (2)

Tethys Oil Financials and Metrics

Tethys Oil Revenue

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Tethys Oil's revenue was reported to be $112.7 m in FY, 2021
USD

Revenue (Q1, 2022)

34.6m

Gross profit (Q1, 2022)

34.6m

Gross profit margin (Q1, 2022), %

100%

Net income (Q1, 2022)

9.9m

EBITDA (Q1, 2022)

19.2m

EBIT (Q1, 2022)

8.7m

Market capitalization (2-Aug-2022)

2.1b

Closing stock price (2-Aug-2022)

63.8

Cash (31-Mar-2022)

55.4m

EV

2.0b
Tethys Oil's current market capitalization is kr2.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

157.3m150.8m101.1m112.7m

Cost of goods sold

(45.9m)(51.6m)(40.3m)(40.9m)

Gross profit

111.4m99.2m60.8m71.8m

Gross profit Margin, %

71%66%60%64%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

32.7m41.3m40.7m37.3m21.1m20.3m25.4m26.2m29.3m34.6m

Cost of goods sold

(38.3m)(33.4m)

Gross profit

32.7m41.3m2.4m37.3m21.1m(13.1m)25.4m26.2m29.3m34.6m

Gross profit Margin, %

100%100%6%100%100%(65%)100%100%100%100%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

73.1m75.6m55.4m68.6m

Accounts Receivable

2.5m8.9m7.2m

Prepaid Expenses

600.0k300.0k400.0k1.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

83.3m62.5m72.4m78.2m60.1m48.3m57.0m46.2m59.4m55.4m

Accounts Receivable

13.1m14.2m11.8m19.9m

Prepaid Expenses

800.0k1.0m1.0m500.0k600.0k500.0k600.0k700.0k500.0k2.2m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

60.7m37.1m5.8m16.7m

Depreciation and Amortization

41.7m46.0m44.5m40.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

5.6m22.0m36.5m9.2m7.5m6.5m1.7m6.1m12.1m9.9m

Depreciation and Amortization

11.4m17.2m30.0m25.8m35.7m10.1m20.6m3.1m10.4m
USDFY, 2018

Revenue/Employee

8.3m

Financial Leverage

1.1 x
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Tethys Oil Revenue Breakdown

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Tethys Oil revenue breakdown by business segment: 100.0% from PRODUCING ASSETS

Tethys Oil revenue breakdown by geographic segment: 100.0% from OMAN

Tethys Oil Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Tethys Oil Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Tethys Oil Online and Social Media Presence

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Tethys Oil Blogs

Al Jumd area operational update

The appraisal programme on the Al Jumd discovery in Block 56 on shore the Sultanate of Oman is continuing with the recent spud of the Al Jumd-3 well which is to be directly followed by Al Jumd-4, both of which are horizontal appraisal wells. Simultaneously, testing operations on the Sarha-3 and Saha…

Bulletin from Annual General Meeting in Tethys Oil

The Annual General Meeting in Tethys Oil AB (publ) was held on Wednesday 18 May 2022.

Production update April 2022

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in April 2022 amounted to 299,582 barrels of oil, corresponding to 9,986 barrels of oil per day.

Interim report First quarter 1 January – 31 March 2022

The three-well campaign in Al Jumd on Block 56 finalised, the Al Jumd-2 horizontal well had initial flows of 700 barrels of oil per day when tested

Production, Sales and Entitlement update first quarter 2022

Tethys Oil’s share of production from Blocks 3&4 during the first quarter 2022, before government take, amounted to 942,768 barrels of oil, corresponding to 10,475 barrels of oil per day. The net entitlement, Tethys Oil’s share of production after government take, amounted to 433,052 barrels, co…

Invitation to the presentation of Tethys Oil’s first quarter 2022

Tethys Oil will publish the interim report for the first quarter 2022 on Tuesday 10 May 2022 at approximately 7:30 CET. The Company has scheduled a webcasted conference call the same day at 10.00 CET. Magnus Nordin, Managing Director, and Petter Hjertstedt, CFO, will present the report and recent de…
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Tethys Oil Frequently Asked Questions

  • When was Tethys Oil founded?

    Tethys Oil was founded in 2001.

  • Who are Tethys Oil key executives?

    Tethys Oil's key executives are Rob Anderson, Klas Brand and Petter Hjertstedt.

  • How many employees does Tethys Oil have?

    Tethys Oil has 26 employees.

  • What is Tethys Oil revenue?

    Latest Tethys Oil annual revenue is $112.7 m.

  • What is Tethys Oil revenue per employee?

    Latest Tethys Oil revenue per employee is $4.3 m.

  • Who are Tethys Oil competitors?

    Competitors of Tethys Oil include Medanito, Colgate Energy and PureWest Energy.

  • Where is Tethys Oil headquarters?

    Tethys Oil headquarters is located at Hovslagargatan 5B, Stockholm.

  • Where are Tethys Oil offices?

    Tethys Oil has offices in Stockholm and Muscat.

  • How many offices does Tethys Oil have?

    Tethys Oil has 2 offices.