Tethys Oil is to announce that drilling operations of exploration well Thameen-1 on Block 49 onshore the Sultanate of Oman has commenced. The well is planned to be drilled to a depth of about 4,000 meters below ground and drilling operations are expected to last about 45 days. Primary target is the Late Ordovician Hasirah Sandstone layer at a depth of 3,500 metres (TVD). A secondary target is the Mid-Ordovician Saih Nihayda Sandstone at a depth of 3,700 metres (TVD). In addition, the well will also investigate the shallower Gharif Sandstone. The drill site is located within the northern part of Block 49 at Marsudad village in the Wilayat of Muqhsin. Block 49 is an onshore block that covers 15,439 square kilometres in the South West of the Sultanate of Oman within the Governate of Dhofar. Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar Ltd, has signed a contract with Abraj Energy Services SAOC for the provision of the Abraj-204 drilling rig. Tethys Oil entered into a farmout agreement with EOG Resources Inc. (EOG) in November 2020, whereby EOG acquired 50 percent interest in the exploration and production sharing agreement covering Block 49. The agreement is subject to government approval. Tethys Oil AB, through Tethys Oil Montasar Ltd., is the operator of the Block and holds 50% of the license interest.