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

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Comment by oilandgas111on Jul 22, 2011 1:04pm

196 Views

Post# 18861852

RE: RE: RE: RE: RE: LSE Listing - no dilution

U are right I did not look at it well
I am very surprised. So u were right in saying that they will hold off their exploration over the next 18 months.
So the activity will be very low. I was hoping a lot of exploration over the next 18 months so I can buy and make a lot of discovery. But it seems they prefer to go it slowly. I think they change their mind when they see the stock price. They want to avoid massive dilution.
So there is some good point and bad point.
But people will need to be very very patient here coz almost no activity after Tajik and kalypso result except they will try to bring the production of doris to 6000bpd. This is where they want to focus over the next few months.
Best
Julien

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