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Tethys Oil AB ( publ ) First quarter report – 31 March 2021 First quarter 2021 ( fourth quarter 2020 ) ● ● ● ● The Tethys Oil operated Thameen - 1 well on Block 49 drilled , logs indicating a 40 metre gross hydrocarbon column , in testing operations no flows to surface were recorded , analysis of results ongoing Farmout transaction with EOG in Block 49 concluded , initial consideration of MUSD 8.8 received Farmin transaction with Medco on Block 56 concluded , initial consideration of MUSD 5.0 paid Third consecutive quarter of increased production , 5 percent higher than in the fourth quarter 2020 First quarterly operating profit since the first quarter 2020 Continued free cash flow positive , and a net cash balance of MUSD 57 On 8 April 2021 Tethys Oil established a new dividend policy MUSD ( unless specifically stated ) Net daily production from Oman , Blocks 3 & 4 before government take ( barrels per day ) Net entitlement barrels ( bbl ) Net entitlement as share of production ( percent ) Achieved oil price , USD / bbl Revenue and other income EBITDA Operating result Net result for the period Earnings per share ( after dilution ) , USD Investments in oil and gas properties Free cash flow Net cash First quarter 2021 46.7 11,585 11,072 518,895 50 % 25.4 12.3 1.7 3.0 0.09 Fourth quarter 2020 0.5 2.3 57.0 13,032 529,699 585,801 49 % 52 % 42.3 22.3 10.2 -0.7 -2.9 -0.09 First quarter 2020 11.0 9.0 55.1 63.1 37.3 21.9 9.2 12.1 0.35 15.4 9.2 78.0 Full year 2020 11,336 2,157,385 52 % 47.7 TETHYS OIL 101.1 50.4 5.8 3.3 0.10 45.4 6.7 55.1 Tethys Oil AB ( publ ) Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries . The company's core area is the Sultanate of Oman , where it holds interests in Blocks 3 & 4 , Block 49 , Block 56 and Block 58. Tethys Oil has net working interest 2P reserves of 26.9 mmbo and net working interest 2C Contingent Resources of 13.9 mmbo and had an average oil production of 11,336 barrels per day from Blocks 3 & 4 during 2020. The company's shares are listed on Nasdaq Stockholm ( TETY ) . Website : www.tethysoil.com