Q2e EBITDA of USD 16m
Based on the monthly production updates, we estimate Tethys’ Q2 working interest production at 10,949boe/d. This is a 5.5% sequential decline from the Q1 level of 11,585boe/d. We estimate revenue of USD 38m in Q2, but expect a negative effect on other income of UDS 9.4m, reversing the position from Q1. Our Q2e EBITDA of USD 16.0m is up from USD 12.3m in Q1, but we are below consensus at USD 21.6m. Our ’22 revisions relate to our incorporating our current oil price estimate of USD 65/bbl (USD 65/bbl) into the numbers.
LÄS MER
