TPL Has Three News Wells

GREG CHORNOBOY, Jennings Capital (07/13/2010)
"Mixed results in AKD-01 should be offset by Akkulka contract extension and news on three wells in Q3–Q4. Doris discovery sets up test in the G-6 well. . .If successful, this could possibly set up additional prospects along the southern edge of the Akkulka High. Results expected from three more wells by year-end. Tethys expects to start Kazakh oil production at 1,000 Bbl/d by year-end, [and] Kazakh government granted a two-year extension on the Akkulka Exploration contract. This extension will be very valuable to Tethys. We are maintaining our recommendation of SPECULATIVE BUY and our 12-month target price of C$2.50 per share."

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