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Tethys Petroleum Ltd V.TPL

Alternate Symbol(s):  TETHF

Energy Oil & Gas E&P
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

Tethys Petroleum Ltd
Bullboard Posts
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Comment by oilandgas111on Jul 12, 2011 5:06am
152 Views
Post# 18821093

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: REok ultravires so for valuation u have 2 way to value a stock : reserve or CF
Reserve : we can take 30MM for Doris and 12.5MM for Tajik (51% of 25MM)
3$ for kazak oil and 10$ for tajik oil so it gives a value of 0.82$ per share
Cash Flow : Junior oil and gas companies are valued at between 3 to 4 times their CF depending on the country they are operating. They are valued at 3 times CF for kazak (geopolitical risker than Canada...).
Cash flow expected at $60MM per year so it gives a value of 0.69$ per share 
 
that is why based on last bad new release, technically (we broke the 1$ support) and fundamentally (based both reserve valuation and Cash Flow valuation) we should go to 0.75$ (next strong support) and fundamentally this is the real value.
See you at 0.75$
Julien
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities