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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

Comment by Dave4444on Sep 11, 2020 6:02pm
123 Views
Post# 31547121

RE:THIS IS THE GREAT NEWS RELEASED.......A LOT OF OIL!

RE:THIS IS THE GREAT NEWS RELEASED.......A LOT OF OIL!Lots of oil and the CEO just keeps buying more shares.  I am sure that he is buying because he knows what he has and he is working behind the scenes to make the most of it.  The market ignored this stock once before, I remember when they were just a gas company and then suddenly hit oil, I had a good couple of weeks to buy cheap shares at that time before an analyst in Hong Kong released a report on the discovery that sent the shares rocketing higher.  This time is seems to be taking longer and giving the CEO and me time to keep buying shares, but those results will not go unnoticed forever.  The stock is currently trading at only about 33 cents per best estimate barrels of oil and that gives nothing for the other assets.  The company has had considerable issues, but they seem to have taken care of the issues and are positioned to move forward.
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