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 murdochjakon Jan 06, 2013 6:56am

204 Views

Post# 20802713

RE: RE: The risk reward pendulum has swung

Intra, i´m not sure that what you wrote about export licence, is completely true. For example Max Petroleum applied for full production licence for their oil field and only this field was removed from explo acreage on block. So they have now a field with FPL and surrounding exploration acreage - like TPL and their 2 gas production blocks inside Kul-Bas block...

Btw. from my DD, they (TPL) are getting about $30-35 per barrel at wellhead net, with obtaining FPL and export licence they will get abou $37-45 after operating expances and all the taxes.

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