Q3 numbers much in line with ABGSCe
Tethys Oil reported Q3'24 numbers in line with our estimates. EBITDA of USD 15.2m was spot on ABGSCe at USD 15.3m. Note that production, sold volumes and realised prices were pre-announced. FCF in the quarter was USD -8.8m (SEK -2.9/sh), slightly below ABGSCe of USD -6.6m (SEK -2.2/sh) due to higher-than-estimated capex. See our first take from this morning for additional comments on the Q3 report: "Q3: EBITDA in-line, guidance trimmed".