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.

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Tethys Petroleum Ltd

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Post by Intravires69on Jul 14, 2011 3:33pm

187 Views

Post# 18832471

Foucaud

Stephane Foucaud, FirstEnergy Capital (7/12/11) "A visit to Tethys' assets in Kazakhstan and Tajikistan highlighted the materiality of the company's operations in the region. . .Tajikistan is much more material than previously thought. Success at the ongoing Olimtoi and Persea wells with 100 mmbbl WI prospective resources could open a new oil and gas province and accelerate the entry of a farm-in partner. . .We reiterate our Speculative Buy recommendation."

I am assuming that the success at AKD05 should allow an increase in P2 reserves

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