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Tethys Petroleum Ltd V.TPL

Alternate Symbol(s):  TETHF

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

Bullboard Posts
Comment by Intravires69on Feb 25, 2013 4:06pm
195 Views
Post# 21039952

RE: RE: RE: financial statement

RE: RE: RE: financial statement

Revenue should be in excess of 100 million  in 2013.  So, no, I do not agree that TPL is far from being profitable.  TPL is on record that it is producing 4000 b/o per day so this is what is happening now, not in the future.  If you just look at the Q3 financials, one would have no idea what has transpired in the last 5 months   including the 60 million to TPL for the farm-in.  Q4 financials should be interesting  because there will also be a siginficant increase in production from the first 9 months of 2012.  The gas price increase obvioulsy won't show in Q4 results either but it has happened.  There gas production has been minimal to date because of pricew but this will now increase.  This gas is not deep and it is cheap and easy to produce  - the cost to produce is cheap.

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