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Experts Commenting on This Company
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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
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."
Stephane Foucaud, FirstEnergy Capital (11/16/11) "Tethys Petroleum Ltd.'s 4,304 bbl/d flow rate from the Cretaceous sands at the AKD-06 appraisal well is not too different from what had been achieved at the Doris discovery AKD-01 well (5,436 bbl/d from the Cretaceous sands); this good well is expected to increase the current estimates of recovery factor achievable at the Doris discovery from 35%. . .effective production from the field is expected to reach 4,000 bbl/d by year-end with the commissioning of a new rail loading facility (and potentially 6,000 bbl/d by mid-2012)."