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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 oilandgas111on Apr 20, 2011 4:05am
302 Views
Post# 18458684

RE: RE: Result

RE: RE: ResultI think u are a kind of a dreamer. Even if they announce very good flow test result on the 2 others zones (which is possible) we will not go over 1.6-1.7$
It will not prove up more than 50-60 million 2p (2 to 3 times actual 2P reserves)
In 3 months tethys will be out of cash. So they will need cash for Kazak, Uzb, Takijk and afganisthan operations. In the last interviews Robson said that they will raised up money in the 3 digit through an IPO in Hong Kong at the beginning of the summer.
So in about 3 to 4 weeks we will have test result of the 2 others zone and in 2 months they will raised up 150$ to 200MM$ at a price of around 1$ to 1.4$ depending on the 2 zones test result (so the total fully outstanding diluted shares will go over 420 millions) which will make the capex for the 4 countries for 1 year.
In 1 or 2 years if they can prove up more than 200MM barrels on Doris area  they will go back up to the market to finance the pipeline (which should cost around 300$ millions).
The secret with tethys is they need to dilute less than they create value otherwise will keep their downtrend.
I am not in a hurry to buy and my order are in between 1$ to 1.2$.
Good luck to all holders
Julien
Bullboard Posts