Q1 2020 Tethys Oil AB Earnings Call Transcript
Welcome to the Tethys Oil Q1 Earnings Report for 2020. (Operator Instructions) Today, I'm pleased to present Magnus Nordin, the Managing Director; and Petter Hjertstedt, the acting CFO. Please begin your meeting.
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Thank you very much. Ladies and gentlemen, welcome to the third quarter report from Tethys Oil 2020. I can certainly say that when we invited you in February for -- to join us for the first quarter, we did not quite envisage the world to look the way it does, whereas we were quite hoping for a first quarter result in line with what we are actually presenting.
So let's turn immediately to the quarter in question and turn to Slide #2. The first quarter 2020 was indeed a very good quarter for us. Excellent production, the third-highest quarterly production we've actually ever seen. Strong cash [flow in get there] -- free cash generation, free cash of close to $10 million, leaving the quarter at $78 million of net cash, and certainly a
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