Tethys Oil

Environmental & Social Information • Apr 9, 2020

Tethys Oil Payments to authorities 2019

Payments to authorities 2019

This report has been prepared in accordance with the law SFS 2015:812 (Lag 2015:812 om rapportering av betalningar till myndigheter) regarding payments to authorities. The reported amounts refer to direct payments in excess of the threshold amount of SEK 860,000 and production sharing for the fiscal year 2019 for the group in which Tethys Oil AB (publ) ("Tethys Oil") is the parent company.

Per project

Project	Production sharing		License costs	Total
	Barrels ('000)	USD ('000)	USD ('000)	USD ('000)
Oman
Block 3&4	2,301	148,284	–	148,284
Block 49	–	–	250	250
Total Oman	2,301	148,284	250	148,534
Total Tethys Oil	2,301	148,284	250	148,534

Per Authority

	Production sharing		License costs	Total
	Barrels ('000)	USD ('000)	USD ('000)	USD ('000)
Sultanate of Oman – Ministry of Oil & Gas	2,301	148,284	100	148,384
Sultanate of Oman – Ministry of Finance	–	–	150	150
Total Oman	2,301	148,284	250	148,534
Total Tethys Oil	2,301	148,284	250	148,534

Production sharing

The category includes non-cash taxes and compensation to receiving state/authority in barrels of oil from Tethys Oil's working interest share of production. The presented amounts are based on net entitlement and have been valued using the reported average price for the period.

Licence costs

This pertains to costs for maintaining the exploration licence for Oman Block 49 where payment was made to Oman's Ministry of Oil and Gas and Oman's Ministry of Finance.

Corporate Head Office

Tethys Oil AB (publ) Hovslagargatan 5B SE-111 48 Stockholm Sweden

Telephone: +46 8 505 947 00 Fax: +46 8 505 947 99 E-mail: info@tethysoil.com

Landsten Reklam 2020. Design Henrik Strömberg. Printed in Sweden.

www.tethysoil.com