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Production Update August 2019

Source: www.gulfoilandgas.com 9/11/2019, Location: Middle East

Tethys Oilís share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in August 2019 to 411,254 barrels of oil, corresponding to 13,266 barrels of oil per day.

The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of August 2019 amounts to USD 61.72 per barrel(1). The OSP, as published by Sultanate of Omanís Ministry of Oil & Gas, is the benchmark price for Tethys Oilís monthly oil sales excluding trading and quality adjustments.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 per cent interest in Blocks 3&4. Partners are Mitsui E&P Middle East B.V. with 20 per cent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 per cent.

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