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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 Jul 20, 2011 12:54pm
142 Views
Post# 18852354

RE: RE: RE: RE: RE: RE: RE: RE: RE: Management com

RE: RE: RE: RE: RE: RE: RE: RE: RE: Management comCheers Darcy,
Yes Pacific rubiales is a good company and very constant.I like them.
What are u going to do ? Will you double your position on TPL at 0.75 before last test zone result in tajik/ kalypso and the fundraising? I know U often averaged down in the past. Or will you wait after tests results and try to get them on the cheap (0.5) if results are not good ? (but taking the risk they hit oil in one of the 2 wells)
For me this is a tricky question. It 's all about risk reward. I know the chance of success at kalypso and tajik (for this kind of well and geology) are between20-30%. So I still hesitate to buy before or after. What is your take on that? Should I buy at 0.75 before all the result or should I try to buy after the results knowing there is 50% that one of the 2 wells hit oil.
Best
Julien
Bullboard Posts