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

Comment by oilandgas111on Sep 13, 2011 1:01pm

237 Views

Post# 19037176

RE: RE: RE: RE: RE: RE: SSDD

Miningmonster,
I dont expect any market reaction with that news coz they failed to test the zone now. We have no idea how commercial it could be so the market will not price anything until we definitive have flow rate. This should take few months I guess and knowing TPL habit of being so slow to deliver anything.... Like kalypso, testing result will be known after the fundraising. I am betting on that we have only 6 weeks cash left now. So expect a $50 million fundraisng at between 40 to 50 cents then tajik flow test result and then in Q12012 Kalypso flow test result.
If it flows big time I compute it should be valued by the market at around
.15 to
.2 per share considering they have 50% WI.
Best
GLTA
Julien

Bullboard Posts

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