Tethys Oil AB (OSTO:TETY)
kr 58.5 0.1 (0.17%) Market Cap: 1.89 Bil Enterprise Value: 1.78 Bil PE Ratio: 0 PB Ratio: 0.68 GF Score: 73/100
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Q2 2019 Tethys Oil AB Earnings Call Transcript

Aug 13, 2019 / 08:00AM GMT
Release Date Price: kr84.3 (+3.31%)
Operator

Hello, and welcome to the Tethys Oil Q2 Earnings Report 2019. (Operator Instructions) Today, I'm pleased to present Managing Director, Magnus Nordin; and CFO, William Holland. Please begin your meeting.

Magnus Nordin;publ;Founder
Tethys Oil AB;CEO, MD & Director

()- -

Thank you very much, ladies and gentlemen. Welcome to Tethys Oil Q2 report. We are very happy to have you with us both because it's a, we think, quite a good report that we're presenting, and also this is Will Holland's first stint as a -- doing a conference call for Tethys Oil as CFO. So do be gentle with him once we get on to the question section there. But on to the 2Q highlights.

Good revenue, $41.3 million, oil price, but of course, also [production.] EBITDA at $27.9 million, well in line with the strongest quarters we've had in the past. Good operating result, $16.4 million. Of course, a good oil price, $67.80 for the quarter, compares quite favorably with most quarters, except the end of 2018.

OpEx, in line, I should say. Q1

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