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 khaledbon Apr 15, 2016 10:22am

93 Views

Post# 24770739

RE:Will someone explain to me?

dilution is when the company decide to sell millions of news shares in the market to rise new funds and in this case the SP could dive. but in TPL case , olisol will buy 181 million of new shares for 0.13CAD/share ...so you think Olisol will pay millions of dollars for an SP which will dive to .03 or .04 CAD. After the transaction Olisol will own 42 % of TPL not enough to have a total control to go private. Pope asset owns a millions of shares and as major shareholders they declined 0.14 CAD/share offer from others buyers 4 or 5 months ago

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