Q1 2022 Tethys Oil AB Earnings Call Transcript
Welcome to the Tethys Oil First Quarter 2022 Earnings Report. (Operator Instructions) And afterwards, there will be a question-and-answer session. Today, I am pleased to present Magnus Nordin, Managing Director; and Petter Hjertstedt, CFO. Please begin the meeting.
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Thank you very much. Good morning, everyone, and welcome to Tethys Oil's first quarter 2022. It's been a rather interesting quarter for us, and I would say the one with the most operated exploration appraisal focus we've had for the better part of more than 10 years and so far also rather successfully and I'm talking, of course, of Block 56.
But let's first try and summarize the quarter, and we can do that in 3 numbers really, and the numbers being 80, 10,500 and 700. $80, of course, is the oil price which has reached levels that we have not seen since 2014, which, of course, impacts the entire business quite positively. 10,500, or to be precise, 10,475, is the average production
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