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 WeKnowEnergyon Oct 10, 2012 10:09am

138 Views

Post# 20468075

RE: Bids

I have also thought about the trading, I think since we have been in a 'net redemption' environment for mutual funds for a long time, that coupled with the illiquid trading of TPL, has caused big asks to show up at a discount to market price routinely. I hope solid drilling news will stop TPL from being a source of cash.

I bought some more down here as we cant be far away from AK07 news and the SP is in the basement. Leaves some nice upside potential on the table. GLTA

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