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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Comment by Intravires69on Feb 15, 2012 3:57pm

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Post# 19539342

RE: RE: RE: RE: RE: RE: Value of East Olimtoi

No doubt Matt, I think they have been pretty clear they plan to test out of cashflow. That is why it is unclear when they will test and in what order. I only assume it will be East Olimtoi because it is the most obvious one to be successful. I think the real plan is to load up on cash with a JV. I believe it was TO1 who posted that they were trying to get around 90 million to give some rights away in Tajikistan. That would load them up with cash again.

Greece is unsettling many for sure. I agree. Let's hope for an update confirming an increase in sales soon.

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