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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Post by murdochjakon Dec 16, 2012 6:44am

185 Views

Post# 20736496

Comparison of G&A costs of Kazakhstan juniors

Comparing Tethys, Condor Petroleum, Max Petroleum, Roxi and Jupiter Energy:

Tethys ( 1 block + 1 block Taj. + Uzb.) - 15MM/9 monts 2012

Condor ( 2 blocks, 1 selling) - 7,8MM/9 monts 2012

Max ( 2 blocks) - 15MM annual 2011

Roxi ( 4 blocks) - 7MM annual 2011, after farm-out BNG G & A run rate is expected 4MM/year

Jupiter ( 1 block + extension) - 4,8MM annual 2011, 3Q 2012 1,2MM ( 300k/ month)

What i don´t comprehend so far is why Mr. Robson got his 0,9MM year salary as CEO and simultaneously another 2,5-3MM through his fully owned Vazon Energy via "management service" for Tethys?!

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