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 Sep 04, 2012 11:40am

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Post# 20314977

RE: FUNDS FROM OPERATIONS

They were barely cash flow positive for the first 6 months of the year. This wil lincrease in Q3 and Q4. Hammond estimates that 5000 bopd should generate $50 million in revenue and $2 million per month positive cash flow. Already at 4000 bopd and will go to 5000 bopd in Q4 once phase 2 of the Aral terminal is completed in October.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week