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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Comment by TheGreatGazoo2on Feb 07, 2019 10:03am

114 Views

Post# 29331547

RE:RE:RE:RE:RE:RE:RE:RE:RE:.50

We had heard they were hoping 4 - 6 weeks after the first release, so should be very soon. However, a delay could be a result of other interested parties. IMO they should just release the terms of the initial offer and leave any subsequent offers or negotiations to a secondary release.

The details are not clear at this point, but based on what we know, the price should be $0.60 at a minimum. This will obviously increase as other interest builds. We are expecting Olisol will get involved and could look for $1.30 to recover their investment.

The stability of the current price is nice to see. It is clear that a couple houses are influencing this.