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

Q1 2020 Tethys Oil AB Earnings Call Transcript

May 05, 2020 / 08:00AM GMT
Release Date Price: kr50.3 (+2.24%)
Operator

Welcome to the Tethys Oil Q1 Earnings Report for 2020. (Operator Instructions) Today, I'm pleased to present Magnus Nordin, the Managing Director; and Petter Hjertstedt, the acting CFO. Please begin your meeting.

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

()- -

Thank you very much. Ladies and gentlemen, welcome to the third quarter report from Tethys Oil 2020. I can certainly say that when we invited you in February for -- to join us for the first quarter, we did not quite envisage the world to look the way it does, whereas we were quite hoping for a first quarter result in line with what we are actually presenting.

So let's turn immediately to the quarter in question and turn to Slide #2. The first quarter 2020 was indeed a very good quarter for us. Excellent production, the third-highest quarterly production we've actually ever seen. Strong cash [flow in get there] -- free cash generation, free cash of close to $10 million, leaving the quarter at $78 million of net cash, and certainly a

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