Q1 2021 Tethys Oil AB Earnings Call Transcript
Welcome to the Tethys Oil Q1 Earnings Report 2021. (Operator Instructions) Today, I'm pleased to present Magnus Nordin, Managing Director; and Petter Hjertstedt, CFO. Please begin your meeting.
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Thank you very much. Good morning, everyone, and welcome to a rather sunny and spring-like Stockholm, where we will share our thoughts on the first quarter of 2021 for Tethys. It's been rather a transformational quarter for us primarily from an operational point of view, in that we established ourselves as a full-fledged operator again, having really been a nonoperating company several years with the drilling of the Thameen-1 well in Block 49. And also, after firming up to 65 percentage points in Block 56, also on -- for Oman, we assumed the operatorship there in addition to Block 58, where we already have operatorship.
So supported by our perfectly decent production from Blocks 3&4 to 11,585 barrels of oil per day, we are now branching in as an
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