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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 Mar 23, 2011 7:39pm
379 Views
Post# 18331317

RE: RE: Conference Call

RE: RE: Conference CallI thought it was a near worthless conference call- our chance to find out something and analysts hardly asked any meaningful questions. What you list as Trent Energy was a question from Wells Capital Mgmt.- not Wells- I was surprised even their questions were not probing. I hope you are right about 150 million barrels resource at Doris- I think that is wildly optimistic and will be happy with 30 million barrels. Remember AKD2 was water. They are drilling now 3 wells on one section,  a minimal step out- at least they shouldn't hit water. If they can put 3-4-5 30 million barrel resources together then we are okay. Altius just sold their Kaz assets this week for $515 million for 56.9 million barrel reserves. The most optimistic thing I heard was the brief statement that their analysis of the 3 d seismic did not alter their thoughts about the prospects of the Doris discovery but lets see what the reserves report shows.
Bullboard Posts