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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
Post by Intravires69on Apr 03, 2012 7:38am
200 Views
Post# 19751750

good points

good points

TO1 and Darcy, you both make pesuasive arguments.  Let's face it, TPL is good at finding oil, not so good at running a business.  The problem is market cap, reserves, and potential does not pay bills.  I think there should be some embarassment that this is where TPL finds itself after all the money they have raised.  And like Darcy says, we are almost a year behind schedule on the terminal. 

 

I was so ticked Friday night when it was clear that the terminal was not yet in operation.  My emotional reaction was to sell.  I took the weekend to consider my next step because I did not want to sell on emotion.  I am staying the course.  The prize is too big. We should have an announcement shortly that production has ramped up and we should get a pop in the price again.  I thought it was a sure ting that they would test east Olimtoi first.  I am wondering if they are reconsidering doing Persea first because it is close to infrastructure.    

It appears  the analysts are tiring of this song and dance too based on the questions yesterday.

Good luck to everyone.

 

 

Bullboard Posts