TETHYS PETROLEUM $1.79 (Toronto symbol TPL; SI Rating: Speculative) (416-572-2065; www.tethyspetroleum.com; Shares outstanding: 157.2 million; Market cap: $281.3 million; No dividends paid) is producing and exploring for oil and natural gas in the Central Asian countries of Kazakhstan, Uzbekistan and Tajikistan.
Tethys’ properties in Kazakhstan and Uzbekistan produce about 17 million cubic feet of gas and 960 barrels of oil per day.
In the three months ended September 30, 2009, Tethys’ revenue rose 63.5%, to $2.4 million from $1.5 million. (All figures except share price and market cap in U.S. dollars.) Cash flow per share was negative $0.01, an improvement over negative $0.05 a year earlier.
In February, Tethys announced that tests at its AKD-01 well in Kazakhstan were producing 6,800 barrels of oil per day. The news pushed up the shares from $1 to as high as $2.04. The company took advantage of the price rise by issuing new shares at $1.55 each. That generated $46.5 million for Tethys.
Tethys is drilling…
Privacy Policy and Terms of Use
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This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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