Tethys Oil: Q4 in line, but soft '23 outlook - ABG

Q4 numbers broadly in line
Soft guidance for '23 and low RRR
Positive new on Block 58 and DPS of SEK 5/sh


Q4 numbers broadly in line

Tethys oil reports Q4'22 working interest production of 9.441kboe/d. Note that Tethys have preannounced production and lifting numbers. Q4 revenues of USD 43.2m in line with ABGSCe of USD 43.5m and consensus at USD 43.8m. EBITDA for the quarter amounted to USD 27.8m vs. ABGSCe at USD 29.9m and consensus at USD 29.5m. FCF amounted to USD 0.4m, compared to ABGSCe at USD 10.3m due to WC effects and somewhat higher capex of USD 24.6 (ABGSCe USD 20m).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/tethys-oil/Equity-research/2023/2/tethys-oil---q4-in-line-but-soft-23-outlook/