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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 murdochjakon Dec 08, 2013 3:55am
254 Views
Post# 21983222

RE:RE:Reading operations update...

RE:RE:Reading operations update...I´m sorry, but i´m not so optimistic like you, TO1. Agree - EW- 10-20% COS, but appraisal would be about 60-70%, not 50%. And TPL? Only 3 from 8/9 wells producing. May be Dione after retesting? Don´t forget that when TPL drilled AKD01 they did declared Doris structure is about 60 km2... World class reservoir. And the first appraisal AKD02 - 4 km away from Doris and in updip location to Doris ( about 50 metres) and world class reservoir in Cretaceous ( which should have areal extent 60 km2) is water bearing. Very very interesting geological model, if the well was drilled up-dip from AKD01. Oh I know there is probably a fault between AKD01 and AKD02. What about Kalypso, in several presentations they confirmed testing this well in Q3, they have had cash on hands in this time already, i´m not sure December is in Q3. Now we can see result by the end of January 2014? The same shallow gas wells - they announced commencing program in mid. November and now we see they will work-over 4 drilled wells. All this i would swallow, but if i see their sallary, doubling/trippling positions in management, i´m little pis.ed off. They have great promising asset with excelent fiscal terms in Tajikistan and great JV in the same place, so i hope they deliver some results here by 2015. And i don´t understand why and for what shareholders paid, paing and will pay Dr. Robson´s Vezon company 2MM yearly.
Bullboard Posts