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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Q1 2024 Tethys Oil AB Earnings Call Transcript

May 07, 2024 / 08:00AM GMT
Release Date Price: kr34.55 (-3.09%)
Magnus Nordin
Tethys Oil AB - Managing Director, Director

Good morning, ladies and gentlemen, and thank you for joining us today for this earnings call for Q1 2024. It's a question important call today. So the skill spread into the presentation. And so what's going on at and with the trend it has is well, actually quite a lot focus and activity levels on our operated blocks are gearing up for a major transformative event. While our operated non-operated Blocks three & four, the source of our production and cash flow for more than 10 years after a a continual drop in production is starting to show signs of stabilization, and we are starting to see the effects of the increased investments at Vienna. And so we are actually hopeful that we are seeing a more stable service regime from three and four. And of course, we are not changing any go any guidelines. There have been some weather events that have affected production in the near term, but the trend from the production side, we believe to be stabilized. But more importantly, I'd like to talk about our operating blocks Block 56. Just to remind you, we

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