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 madmagooon Aug 23, 2012 7:09pm

218 Views

Post# 20254297

RE: RE: RE: RE: RE: RE: Q2 figures / i need your h

Guys

Do not get me wrong. Certainly great properties, I own share because I think with an aggressive technical plan, we will see significant share price appreciation but I can not ignore the fact that the company has a CEO, CFO, CAO, COO and nine (that's right nine) vice presidents, I would rather see moneys aggressively spent on a proper drill plan which targets 10 to 15 wells per year. The pace is too slow to capture the markets attention so the market plays with this one.

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