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 todaypartlycloudyon Apr 12, 2015 9:51pm

155 Views

Post# 23621858

RE:bankruptcy if no money from chinese?

I don't think bankruptcy will happen. If things became dire, they would be selling assets or another company would be buying them out for pennies on the dollar. Maybe CNPC?

That TPL's market cap is $18M right now is laughable. I agree that this is worth the risk at the current price. It won't be going much lower IMO.

Even if it does, it'll be temporary as someone will buy their attractive assets. They will be worth much more than $20M.