Tethys Oil actively seeking acquisitions
Tethys Oil, the Swedish energy company, said in its H1 earnings report that it is actively seeking acquisition targets, a company press release said.
The release said that many oil companies are being more significantly impacted by the drop in oil prices than Tethys, and the company wants to try to take advantage of the opportunity this presents.
Tethys added that it remains cautiously optimistic about its chances to conduct M&A deals.