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Tethys Oil: Production update October 2016

Tethys Oil’s share of the production, before government take, from Blocks 3
and 4 onshore the Sultanate of Oman amounted in October 2016 to 379,432
barrels of oil, corresponding to 12,240 barrels of oil per day.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4
Ltd, has a 30 per cent interest in Blocks 3 and 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.

For further information, please contact

Magnus Nordin,
Managing Director, phone +46 8 505 947 00


This information is information that Tethys Oil AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08:30
CET on 21 November 2016.

Tethys Oil AB (publ)

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil
discoveries. Tethys Oil's core area is Oman, where the company holds 2P
reserves of 18 mmbo and has oil production of about 12,000 barrels per day
from Blocks 3 and 4. Tethys Oil also has onshore exploration licences in
Lithuania and France and some production in Lithuania. The shares are listed
on Nasdaq Stockholm (TETY).


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