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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 Intravires69on Aug 08, 2011 7:16pm
214 Views
Post# 18919106

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: The

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: TheWells owns 47 million shares. In my opinion, he can't dump. His position is too large and with the little liquidity in the market for TPL, he would entirley sink  the rest of his substantial  position by trying to dump.  He is in for the long haul, in my opinion, whether he likes it or not.  He really does not have a choice.  The problem TPL and Wells have is that they cannot control the price of oil.  Even if TPL executed well, the price of oil is still a problem.  The problem is that , in my opinion, investors thought Doris was going to  be like the North see, multiple zones that flowed for miles and miles.  We do not have this, there is geological complex fomations and while there is oil there, the goods are not there as hoped.  And everyone knows, I was a big fan for a long time - no longer.  Sure, there is some hope there but I am so displeased witt the information provided by TPL.   I feel there is little acknowledgement of what investors want and need.  Robson was not present at at least the last two teleconferences.  I think TPL will be going into survival mode soon, quite frankly.  I will continue to re-assess. 
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