Professional Documents
Culture Documents
OMAN
Licens
Tethys share
Block 15
40%
Block 3&4
50%
Natih Fm flowed:
11.03 mmscfpd of gas
793 bpd of 57API condensate
total of 2,626 boepd through a 1
inch choke
Flow rates constrained due to
production tubing size restriction
Black smoke indicates burning oil
Mid
High
13.84
130.64
435.99
Condensate Cumulative(MMbbIs)
0.69
6.53
21.80
70.35
77.45
88.02
10
16
2.77
13.06
27.25
20
50
100
1.1
4.8
8.5
Number of wells
Recovery per well
BOE
Gas Rate
Rate
(mmscfpd)
(BOEPD)
4,045
15,000
Cond.
Rate
(BOPD)
1,545
12,750
4,417
50,000
BOE Rate
(BOEPD)
1 618
5 100
20 000
1 767
Activity
PVT Analysis
Completion Date
28 February, 2008
31 March, 2008
Process Design
1 September, 2008
1 December, 2008
EIA Approval
1 December, 2008
1 January, 2009
1 July 2009
Base case
Rented / Own Production Facility
Wells
Drilling
(MUSD)
Facilities
(MUSD)
Total
MUSD
Early Production
System (Phase 1)
12
12
19
31
10
Alternative case
3 phase flow export option (OPEX unknown)
Wells
Drilling
(MUSD)
Facilities
(MUSD)
Total
MUSD
Early Production
System (Phase 1)
10
15
12
17
11
56E
uz
Horm
BUKHA
26N
58E
60E
Strait
26N
52E
BAHRAIN
OMAN - Mussandam
16"
TE
S
Khor Khwair
EM
IR
A
The Fahud-Sohar
gas pipeline is
crossing block 15
ZAKUM
22N
24N
28"
AL HUWAISAH
SAIH RAWL
CPP
32"
BARIK
16"
22N
D
UN
GGP
SAIH NIHAYDA
QARN ALAM
AL GHUBAR
OMAN
esert
ali D
Al Kh
Rub
arter
Q
ty u
Emp
20N
SOGL
20N
20
"
32"
OMAN LNG
Qalhat
"
8
2"
4
8"
ing
Sur
ist ed 4
Nahada
ex
nn
a
Saih Rawl to Qalhatl
FAHUD
p
bahLNG Export plant
ahay
Al W
rt
e
s
De
YIBAL
SAUDI ARABIA
Jebel
Khuni
Manah
HAFAR
1 planned
10"
6"
SHAYBAH
ah
WADI
LATHAM
LEKHWAIR
10"
hir
SAFAH
Mina al Fahal
MUSCAT
16"
Mo
un
tai
ns
a
Dh
Al
Tropic of
Cancer
ja
r
BVS-5
"
16
ah
Ha
in
at
ITE
B
Al
24N
Wadi Jizzi
Power Plant
36
",
AR
AB
QATAR
rasis
Al Hael Plain
Grav
esert
As
MUKHAIZNA
16" Sahmah-Hubara
ah D
Sa m
NIMR
RUNIB
18N
18N
Indian Ocean
MARMUL
YEMEN
24"
Raysut
planned GPP
Salalah
52E
54E
0
56E
58E
50
100
Km
200
60E
BLOC
K 43
B
MOL
BLOCK 31
INDAGO
BLOCK 44
PTTEP
SHAM
S
BLOCK
47
INDAG
O
BLOCK
9
OXY
BLOCK
15
TETHY
S
OIL
BLOCK 5
DALEEL
BLOC
K 27
OXY
BLOCK
30
INDAG
O
13
14
15
16
Mid
High
BCF
mmbc
Natih A*
5.6
0.3
52
2.6
174.4
8.7
Natih C**
2.4
0.1
1.2
0.7
43.2
2.1
Shuaiba **
0.2
44
2.2
140
12
0.6
110
5.5
357.6
17.8
2.6
24
77.6
18
19
Porosity
Sg
MM m3
Fraction
Fraction
Fraction
Minimum
1200
0.10
0.07
0.65
Likely
1600
0.25
0.1
0.75
GRV
Lead 9
Maximum
1800
0.30
0.13
0.85
FVF
RF
MM m3
BCF
fractio
n
rec.
rec.
180
0.75
737.10
26
300
0.85
7650.00
268
0.9
16647.9
3
583
310
Most Likely BCFG
Lead 1
95
Lead 2
100
Lead 3
105
Lead 4
92
Lead 5
200
Lead 6
75
Lead 9
268
OMAN
Block 15
Block 3&4
21
22
ISLAMIC
REPUBLIC
OF IRAN
Muscat
UNITED ARAB
EMIRATES
3
4
KINGDOM OF
SAUDI ARABIA
SULTANATE
OF OMAN
23
Al Saad
Qulam North
Huwayr Deep`
Farha South
Abu Zeinah
Deep
North Saiwan
Maeen Qarn Sahmah
Flank
East Saiwan
Saih Hajmah
Contingent
Resource
(i.e. tested or
w/ good
shows)
Potential
Resource
(i.e.
prospect)
24
o
o
o
25
Block 3
Block 4
26
TETHYS OCEAN
27
License
acquisition
France
Production
Exploration
Development
Exploratory
drilling
Appraisal
License
FRANCE
Licens
Attila
Tethys share
40%
License
acquisition
Production
Exploration
Development
Exploratory
drilling
Appraisal
MOROCCO
Map with gas pipeline
Licens
Bouanan License
Tethys share
12.5%
Line BB-07
TURKEY
Licens
Tethys
share
The Trace Project
Licenses
3998, 3999 & 4187
25%
10%
TURKEY
The Trace Project
TURKEY
The Ispandika Project
A shallow stratigraphic
(geological research) well was
drilled around the year 06/07
Geological information gained
from this well did not increase the
knowledge of the area
substantially.
The security situation in the
region has deteriorated, and no
ground work is currently carried
out.
SPAIN
Licens
Tethys share
50%
Huermeces
50%
Basconcillos-H
50%
26%
Ebro-A
26%
SPAIN
The Sedano Project
The Huermeces licence - With Ascent Resources as Operator, the
Hontomin-4 well on the was drilled in the spring of 2007. No oil encountered.
Basconcillos-H - planned re-entry of the Tozo-1 postponed for operational
reasons.
Valderredible
GOTLAND ONSHORE
Licens
Gotland Strre
Tethys share
100%
FINANSIERING
Cost
Own
EPF
3 phase
export*
12
15
31
12
11
11
Bank Loan
* OPEX unknown
43
Shares Issued
Market Cap
Ticker
Market Cap
6 392 760
MUSD 60
TETY
MSEK 384
Daily turnover
6 000 shares/day
Price 20 February
SEK 60
374 000
175 000
31 December 2007
12,1 MSEK
15,8 MSEK
2,1 MSEK
SUM
25.8 MSEK
4.0 MUSD
STYRELSENS FRSLAG
Split 3 p 1
Mandat ge ut 1 600 000 nya aktier I riktad emission
huvudsakligen till investerare I Mellanstern och
Asien -MacCapital frn Dubai lead agent
Mandat ge ut 1 600 000 teckningsoptioner (t.o.)
till nuvarande och nya aktiegare 1 t.o. fr fem
aktier
SPLIT
Onsdag 20 feb
Stmma
Fredag 29 feb
Mndag 3 mar
Avstmningsdag fr
splitdeltagande
Onsdag 5 mar
Torsdag 6 mar
Distribution av aktier
erhllna genom split
Cost
Own
EPF
3 phase
export
Wo Opex
15
12
Private Placement
31
12
11
11
20
Bank Loan
y
48
Shares Issued
19 178 280
Private Placement
4 800 000
Warrants
4 795 656
374 000
175 000