Notable Quotes
"EXXI has a very good mix of high-impact exploration and lower-risk development." (1/31/12) Energy XXI - The Energy Report Interview with Bill Powers More >
"NPK appears to be the lowest-cost potash producer in Brazil." (1/31/12) Verde Potash - Jaret Anderson, Mackie Research More >
"TPL's new oil storage and rail loading facility will initially double production." (1/30/12) Tethys Petroleum Ltd. - Deborah Sterescu, Proactive Investors More >
"CPT continues to derisk Vista." (1/30/12) Coalspur Mines Ltd. - David Charles, GMP Securities More >
"TLH is performing a very aggressive expansion plan." (1/26/12) Talison Lithium Ltd. - The Energy Report Interview with Daniela Desormeaux More >
"LI has really good prospects for the future." (1/26/12) Lithium One Inc. - The Energy Report Interview with Daniela Desormeaux More >
"I think that RM can be a player in the lithium industry." (1/26/12) Rodinia Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >
"NMX has one of the highest project rankings by our methodology." (1/26/12) Nemaska Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >
Companies
| Last: | |||
| Change: | Change(%): | ||
| Volume: | Open: | ||
| High: | Low: | ||
| 52Wk High: | 52Wk High: | ||
Experts Commenting on This Company
|
Tethys Petroleum Ltd.TICKER: TPL:TSX; TPL:LSE
Tethys Petroleum Limited's strategy is to create shareholder value by building an oil and gas exploration and production company focused on oil and gas exploration and production activities in Central Asia. The company is currently active in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing, with significant potential in both exploration and deposits already discovered. Tethys is the only independent oil and gas company operating in all three Republics. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Trend (2/6/12) "Tethys Petroleum Ltd. and Uzbek State oil and gas company Uzbekneftegaz signed a memorandum of understanding on Feb.1 aimed at providing the framework for a joint study and the negotiation process for an exploration agreement relating to certain exploration blocks in the North Ustyurt Basin of Uzbekistan. It was reported earlier that Uzbekneftegaz and Tethys signed a memorandum of understanding in November, 2011, providing for new contracts to increase the production rate in two oil fields—Chegara and West Kruk in Uzbekistan."
Deborah Sterescu, Proactive Investors (1/30/12) "Tethys Petroleum Ltd. announced Monday the official inauguration of a new oil storage and rail loading facility for oil shipments from the company's Doris oilfield into the Kazakh rail system in Kazakhstan. . .the opening of the terminal will, as a result, allow Tethys to initially double production to around 4 Mbbl/d, due to the halving of the road-trucking distance."
Sergei Balashov, Proactive Investors (12/19/11) "Tethys Petroleum Ltd. told investors that the Persea 1 exploration well in Tajikistan will be production tested in the new year after intersecting a zone of possible hydrocarbons. The company explained that due hole stability issues, the section was drilled using drilling fluids of high density, which masks hydrocarbon shows during drilling; the well will now be prepared for a production test to establish commercial flow of hydrocarbons from this zone."
Stephane Foucaud, FirstEnergy Capital (12/12/11) "Tethys Petroleum Ltd. announced the intended acquisition of a 34% stake in its Tajikistan joint venture, holding 100% of its Tajik assets, for US$7M. This will take the company interests in its assets in the country to 85%, from 51%, providing greater control over operations and increasing working-interest prospective gas resources from 580 Mboe to 970 Mboe. . .the acquisition is funded through a US$13.1M private placement; the residual amount will be used to develop the Beshtentak field, already producing 600 bbl/d."
Brad Lamaire, ProactiveInvestors (11/29/11) "Tethys Petroleum Ltd. said Tuesday it plans to raise roughly $13.1M through a private placement financing, and use the funds to acquire an additional 34% in its joint venture Seven Stars Energy; the company said it expects to sell around 26M ordinary shares at CA$0.52 each; Tethys said the shares represent 10% of the current issued share capital of the company."