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.

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Tethys Petroleum Ltd

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Post by be3ros2000on Apr 01, 2017 12:32pm

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Post# 26062817

TPL oil and gas production

Can anyone shed some light on what are the economics for TPL. As per their last quarter ended in Sept 2016, they were producing 712 BOPD of oil and 2106 BOE/d of gas. Can someone with some knowledge of this industry could explain what it means with current prices? Also, what could be the impact of 8-12 additionnal wells? I guess their 2016 production fell by a lot because of oil/gas prices, so future might be brighter since Olisol seems also out of the picture.

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