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Tethys Petroleum Ltd V.TPL

Alternate Symbol(s):  TETHF

Tethys Petroleum Limited is an oil and gas exploration and production company focused on Central Asia and the Caspian Region with projects in Kazakhstan. Through its subsidiaries, TethysAralGas LLP and Kul-Bas LLP, it operates over four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (449 square kilometers (km2)), Akkulka Exploration License and Contract (827 km2), Akkulka Production Contract (396 km2) and Kul-Bas Exploration and Production Contract (7,632 km2). The Kul-Bas exploration and production contract area surrounds the Akkulka block, which has an exploration area of over 7,632 km2. Kyzyloi and Akkulka gas development fields are tied into the Bukhara-Urals gas pipeline by an over 56-kilometer pipeline owned and built by the Company. The Doris oil field provides over two oil-bearing zones, the lower zone and an upper, lower cretaceous sandstone zone.


TSXV:TPL - Post by User

Bullboard Posts
Comment by lockstock99on Oct 21, 2010 10:50pm
349 Views
Post# 17596413

RE: RE: Financing

RE: RE: FinancingI believe good news is coming, probably very soon. When good news is coming, as in the AKD1 well ,they sold a bunch of stock - I think at 95cents and then they optioned themselves an s load of shares at around that price. How could they know the results even though  the well had already been drilled. This time it is maybe a little more obvious because apparently it takes many months, up to half a year, to test a completed well. So I doubt they know the well results. So they sold  the stock part at 80c below the peak stock price to arms length "friends". The only piece I am missing is the new stock options they will grant themselves. I have only half of the equation to tell me that good news is coming but I think it is good enough to believe that not only the well results but the field results will be spectacular. Hey look we're all in it for the money so why throw stones- what it is is what it is- profit from it.
Bullboard Posts