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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
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Comment by Intravires69on Feb 05, 2013 3:53pm
264 Views
Post# 20942320

RE: RE: Tethys on the move

RE: RE: Tethys on the move

I think it it is the new gas contract and doubling of the gas price causing the move.  At the presentation, Dr. Robson said that increase will add 6 million per year revenue at current production but that production will now also increase.   He also said China is currenlty paying double what the new price is so looks very good when they connect the gas pipeline.  Things all falling into place now.

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