The Energy Report
Notable Quotes
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"EUU has a high-grade resource and an ideal location." (6/13/13) European Uranium Resources Ltd. - The Energy Report Interview with Chris Berry More >
"The location of STM's deposits and its relationships with Sumitomo and KEPCO make it an ideal take-out candidate." (6/13/13) Strathmore Minerals Corp. - The Energy Report Interview with Chris Berry More >
"I am looking at global integrated players such as RDS; it is big and pays nice dividends." (6/11/13) Royal Dutch Shell Plc - The Energy Report Interview with Byron King More >
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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 Comments:
FirstEnergy Capital (4/16/13) "Tethys Petroleum Ltd. has appointed Denise Lay as chief financial officer with immediate effect; she brings experience from a variety of international roles at KPMG and several international companies. She is a fellow of the Association of Chartered Certified Accountants with over 15 years of post-qualification experience, and has worked for the company since October 2009."
Stephane Foucaud, FirstEnergy Capital (4/3/13) We reiterate our Outperform recommendation on Tethys Petroleum Ltd. . .the company's 2013 drilling program (unrisked value of CA$2.63/£1.74) is expected to be unlocked by the closing of the farm-out transaction in Tajikistan, which will boost Tethys' balance sheet by about US$60M. With about 9 Bboe working-interest prospective resources in Tajikistan and Kazakhstan, the company offers one of the largest unrisked upsides in our coverage universe."
Miramgul Maralova, Halyk Finance (4/1/13) "Tethys Petroleum Ltd.'s oil sales increased more than three times to $25.6M year over year, largely thanks to a 57% jump in production in Kazakhstan and Tajikistan (oil production increased from 2,148 b/d in 2011 to 3,371 b/d in 2012) and more than 20% increase in oil price in Kazakhstan. . .operating cash flow turned positive to $1.4M in 2012, as opposed to a negative $12.5M a year ago."
Stephane Foucaud, FirstEnergy Capital (2/1/13) "Gas realizations are doubling in Kazakhstan to US$1.84/Mcf: This allows Tethys Petroleum Ltd. to generate an additional US$6M cash flow per year on current production of 15 Mmcf/d. . .we maintain our Outperform recommendation that reflects a material larger core NAV, funding in place and a super major and a national oil company as partners in Tajikistan, validating the area as a potentially world-class oil province."
The Energy Report Interview with Sam Wahab (1/10/13) "We often see juniors acquire an asset, shoot seismic and potentially drill one or two exploration wells, at which point they have sufficiently derisked the acreage to attract a partner to assist in bringing the asset through field development. We've seen this strategy work recently with Tethys Petroleum Ltd. Seymour Pierce has a Buy recommendation on Tethys and a target price of $0.72/share. Its most significant asset is the Bokhtar area in Tajikistan, with an estimated 27.5 Bboe. The company recently announced a farmout of this asset, bringing in Total S.A. and CNODC as equity partners." More >
