(TPL) Tethys Petroleum

Last piece of red tape out of the way perhaps.

http://www.cnpc.com.cn/News/en/press/newsreleases/201305/20130521_C1501.shtml?COLLCC=764117250&

Good to see our Non-Exec was earning his keep last week:
https://www.gov.uk/government/world-location-news/peter-lilley-mp-visits-uzbekistan

Meanwhile: http://news.xinhuanet.com/english/china/2013-05/20/c_132395743.htm
"Both sides will jointly explore mineral, and oil and gas resources and discuss cooperation in power infrastructure, wind and solar energy, the declaration said."

Also: http://thesharehub.com/?p=8437

http://www.azernews.az/oil_and_gas/54042.html

Unambiguous timing statement from the conference call: "...expect to close it in the second quarter. It will be sometime in June."

Here's CuFeS's pithy real time summary of the call:

"...Tajik deal . . . nearly there . . . nothing material stopping closing in very near future . . . partners slow to sign off . . . Edit . . . Julian just mentioned sign off in June . . .

Kaz oil production . . . $30 April and May . . . $33 June/July . . . up to $36 to $37 August / September . . .

Work schedule waiting on cash in bank . . . Kaz gas work overs on 2 wells and 5 shallow gas explo/production wells (600m depth) $1m each to bring on line . . . looking to produce 1m cu ft per day . . . oil well AKD08 to spud this year . . ."

Short, but Q&A well worth a listen:
http://edge.media-server.com/m/p/w466262s/lan/en

Cantor Fitzgerald retained its "buy" recommendation on oil exploration group Tethy's Petroleum (TPL) with a target price of 90p. The broker sees the current share price as representing good value ahead of key drilling in Kazakhstan this year. Cantor is particularly excited on the $60 million (39.3 million pounds) additional funding which is expected sometime in Q2 this year and has come about as a result of a transformational farm out transaction at the Bokhtar project in Tajikistan. The shares were down by 2p at 48p.

FOR: TETHYS PETROLEUM LIMITED

TSX, LSE SYMBOL: TPL

May 16, 2013

Tethys Petroleum Limited: Protocol of Intent Signed in Uzbekistan

TASHKENT, UZBEKISTAN--(Marketwired - May 16, 2013) - Tethys Petroleum Limited ("Tethys" or the "Company")
(TSX:TPL)(LSE:TPL) today announced that it has signed a Protocol of Intent ("POI") with the Uzbek State oil and gas
company, National Holding Company "Uzbekneftegaz" ("UNG") for exploration work on the Bayterek block in the North
Ustyurt Basin of Northern Uzbekistan.

The POI for the Bayterek Investment Block follows on from the previous MOU and "Agreement on basic principles of the
Exploration Agreement" between UNG and TPL. TPL and the Institute of Geology and Exploration of Oil and Gas Fields of
UNG have jointly developed an Exploration Programme for the Block.

Tethys and UNG intend to execute an Exploration Agreement in accordance with the legislation of the Republic of
Uzbekistan, and upon approval of the Exploration Program by the Government of the Republic of Uzbekistan both parties
intend to complete negotiations, and will seek issuance of an appropriate Decree of the Government of Uzbekistan, within
one calendar year.

Dr. David Robson, Executive Chairman and President of Tethys, commented: "The signing of the Protocol of Intent is a
significant step forward with our partners Uzbekneftegaz to work together on exploring the North - West of Uzbekistan.
We believe this area has great exploration potential and we look forward to using our working knowledge of the area to
best exploit this attractive block."

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the
Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and
Tethys believes that significant potential exists in both exploration and in discovered deposits.

This press release contains "forward-looking information" which may include, but is not limited to, statements with
respect to our operations. Such forward-looking statements reflect our current views with respect to future events and
are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December
31, 2012 for a description of risks and uncertainties relevant to our business, including our exploration activities
(which are incorporated herein by reference). The "forward looking statements" contained herein speak only as of the
date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly
update or revise such information, whether as a result of new information, future events or otherwise.

Sdoglyons

To which AIM oily were you referring?

I just bought in here. Been looking at for a while and looks like good value. Nice to see an aim oily producing as well as exploring!

Numbers look respectable but no news on Taj deal ,but this could follow in the next day or so

Are they worse than expected?

Down 6%.

Tethys Petroleum Limited: First Quarter 2013 Financial Results


Revenues Increased by 94%


GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - May 15, 2013) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announced its first quarter 2013 financial results. The results are highlighted by a 94% increase in revenues over the first quarter of last year.

The Company reports financial results in accordance with International Financial Reporting Standards ("IFRS").

RECENT HIGHLIGHTS
•Q1 2013 oil and gas sales of USD12.6 million (Q1 2012: USD6.5 million)
•Q1 2013 cash profit of USD2.8 million compared to a cash loss of USD1.7 million in Q1 2012
•A new contract was signed to sell gas in Kazakhstan at USD2.56 per Mcf (USD90 per Mcm)
•Q1 2013 accounting loss of USD4.3 million (Q1 2012: USD6.8 million)
•Q1 2013 net cash generated from operating activities of USD2.6 million compared to Q1 2012 net cash used in operating activities of USD3.7 million

Production and Reserves Highlights

Oil production (before the deduction of local governments share or taxation) increased from 1,785 bopd (Q1 2012) to 3,795 bopd (Q1 2013), an increase of 112%. Similarly, boepd production has increased from 5,117 boepd (Q1 2012) to 6,366 boepd (Q1 2013) an increase of 24%.

The full Q1 Results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethyspetroleum.com. The summary financial statements are attached to this press release.

The above highlights along with other operational and financial details will be further discussed in a scheduled conference call. Details of the conference call can be found below:

Conference Call:

A conference call will be held at 8:00 AM Eastern Standard Time 1:00 PM British Summer Time on Thursday, May 16, 2013. The North American conference call number is 866-515-2910 and the outside North America conference call number is +1 617-399-5124. The conference call code to use is 20157467. Please call in about 10 minutes before the starting time in order to be patched into the call.

Webcast:

The call is being webcast and can be accessed at:

http://www.media-server.com/m/acs/2b6e312066466539eb1b2289cb88175f

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December 31, 2012 for a description of risks and uncertainties relevant to our business, including our exploration activities. A barrel of oil equivalent ("boe") conversion ratio of 6,000 cubic feet (169.9 cubic metres) of natural gas = 1 barrel of oil has been used and is based on the standard energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.


Tethys Petroleum Limited
Condensed Consolidated Statement of Financial Position
(Unaudited)
(in US Dollars)


As at
March 31, 2013 December 31, 2012
$'000 $'000
Non-current assets
Property, plant and equipment 117,570 121,097
Intangible assets 107,587 107,374
Restricted cash 1,561 1,543
Prepayments and other receivables 5,518 6,444
Investment in jointly controlled entity 1,116 1,116
233,352 237,574
Current assets
Inventories

http://www.sedar.com/FindCompanyDocuments.do

Lol sorry capx I did mention aim!! Losing the plot

Hi capx

Bit lost on what you mean by your last post?

I never mentioned aim?

Cheers

A technical look at TPL by Francis Hunt a few days ago indicates a move toward 65p



http://www.youtube.com/watch?v=WZ-YccCJlwU

Bigdon

This company is not on the aim, it is on the main market.

Capx

Posted yesterday! Tajikistan is mouthwatering and we are being carried by total and cnpc lol you couldn't make it up! 50p a share equals mcap at less than 150 million quid

Agreed! Results will be next week with perhaps news on the progress if the deal!

This is such a good share and unlike other aim oilies they are making money already

Quarterly results due in next week or so & would present opportune moment to announce farm out

Must be close now!

Detailed drill campaign being planned and put together.

Results due soon for q1 2013

All good!!!

It is easy to get drawn into personal battles on this forum. I have done it myself. Takes guts to admit it though.... hats off to you!

FWIW I still think Synety is very much worth looking at - it is still at the start of a potentially very exciting journey.... and I think the market remains confused about both its potential and its history (for instance there is still some focus on Zenergy which is now irrelevant).

I don't see many sellers, even among those of us with averages under £1.00.

Wonder why not?

While lse seems to be quiet - 3 x our volume has been traded across the pond in the first 30mins of trading.

Sometimes ebbs and flows that way but as highlighted a week or so ago - seems to be increasing volume over there.

HUB

The 6,130-metre mark was reached on 15 April when drilling the Shakhrinav-1P well to a planned depth of 6300 m, during exploration work which Gazprom International is conducting at the prospective fields of Sarikamysh in Tajikistan. This is a new all-time record depth in the history of drilling for oil and gas in Central Asia. To date, the deepest well in the Central Asian region was considered to be the oil well drilled in the Fergana Basin in eastern Uzbekistan (6,112 m). The deepest well in Tajikistan was South Karatau-1 (6,101 m), drilled in the south of the Republic in 1991.

Drilling is currently being conducted in the Cenomanian chalk deposits, the age of which is greater than 100 million years. In the Afghan-Tajik depression, within which this structure is located, deposits of such an age are being discovered in sub-thrust conditions for the first time.

Commenting on this event, Igor Shatalov, head of Gazprom International's representative office in the Republic of Tajikistan, said: “The geological information received during drilling at the Shakhrinav well is of great interest. It will enable the prospects for the discovered deposits to be assessed and to obtain parametric data which may form the basis of further study of similar sites, both in Tajikistan and beyond its borders."

REFERENCE:

Gazprom has two licences for the exploration of prospective sections of the subsoil in Tajikistan (the Sarikamysh and West Shokhambari fields).

Cooperation between the Company and the Republic of Tajikistan has been built on the basis of an Agreement on the general principles for conducting a geological study of the subsoil in prospective oil and gas fields in Tajikistan, signed by the parties in 2008.

Preliminary estimates at the Sarikamysh field assess that there are
18 billion cubic metres of projected gas resources. Projected oil reserves are 17 million tonnes, with 2 billion cubic metres of solute gas.

Drilling at Shakhrinav started in December 2010.

GP reached 5,563m on Jan 29th; that means they've drilled another 567m in roughly 90 days; which by my calculations means they should reach 6,300m in about 1 month more, or the end of May.
Hopefully some spectacular results will be announced by GP at that time, de-risking the AD basin and therefore also, TPL's resource claims.
If so, then June or July could see another sharp jump in the SP on GP's test results; meaning now could be another great opportunity to buy again...

...makes good reading - from this week's 2013 Asia O&G Conference:

http://media.corporate-ir.net/media_files/IROL/21/213714/TPL%20Oil%20Council%20HK%20April%202013.pdf

Blimey! Too right we should have listened. Well done him and anyone who followed him.
-------------------------------

Hats off to the guy, he may have been bashing TPL in the time but he sure got SNTY right, it was probably a no brainer but as he wound everyone up on here so much nobody, including me took any notice of him.

3D

Yeah, but you would have sold Tethys at 25p, so it's a double edged sword.
Mac

Blimey! Too right we should have listened. Well done him and anyone who followed him.

Yesterday Buys outweighed sells substantially,yet our SP dropped by 1.5p.
Cant just be MM s flushing out weak holders to fulfill a large buy-any ideas ?

if you want to feel gutted go to SNTY and look at the current SP, A&E was touting it at around the 100p mark, the rest as they say is history....................

To be honest there was a bit of tit for tat going on with a few of us and him on here so I didn't even take a look at the stock seriously, I wish I had!!

Ho hum..

3D

Only 4 more trading days left in April.....Conference call highlighted that Tethys expect to have the 60mil banked this month.

As Tetheys was always seen as cash strapped I believe a watershed moment is upon us as some of the cash is used to workover wells and test.

Gas production uplift based on AKK5&14 wells
current 15mcft
end 2013 20-30mcft (33-100% increase)

Kalipso (spelling?) Well already drilled
Testing 100m section

The uplift is that should the 3 other wells planed for 2013 flow it should be possible with current facilities to produce 12k bopd. Sold at between $33 - $37 per barrel at the well head
($33 current, $37 after processing)

Largest holding for me now.

Well predictied HUb - a 5% drop.

Just aligns it with all the rest of you Hotlist disasters.

------------------------

He sold and went short yonks ago..........

3D

http://video.cnbc.com/gallery/?play=1&video=3000162636

Little new here, but he's expecting JV work to start next month and looking forward to a very successful O&G conference in HK this week:

http://www.oilcouncil.com/event/asia/info/

DR is a keynote panel member and as he says there are plenty of investors and customers in the region...

Well predictied HUb - a 5% drop.

Just aligns it with all the rest of you Hotlist disasters.

Both Dr Robson & Peter Lilley are speaking at this event in mid-May; Tethys are the main sponsors. Perfect timing to expand on newly funded plans?

http://itemsk.blob.core.windows.net/cmsroot/www_mioge/files/57/57e40b79-ca2d-4ffe-82d2-7e9dbba95fe0.pdf

(credit: 237gmoney)

Agreed! JTCod elsewhere has stated that he believes the farm-out deal could have been sealed 'on time' late in the first quarter but the company opted to add things that would enhance shareholder value. - I assume this would involve negotiating the fine details of the joint operating agreement which could have quite a positive impact for Tethys e.g. possible use of their drilling rigs etc.

On the same board, Fido makes the following excellent point about Gazprom's situation:

"If the Gazprom well was not positive then there would be no reason for them to keep quiet about it, in fact politically it would work in Gazprom`s favor to announce that they had found nothing.
It only makes sense to keep quiet if you have found something but don`t want it to lessen your bargaining position over other Tajik Russian imports.
Likewise, the opening of JV offices and the discussions regarding exports with the Tajik government can only be because they are expecting to be successful."

Good weekend all...

Good strong close to the week considering the bloodbath that has beset the small caps recently.

Highest close in a month and looking good for testing 2013 highs.

With recent Gazprom news out there - confirmation/final signing of the farm out deal should be greeted well by the market.

There's nothing like having $60mln in the bank to remove any market uncertainty over the deal.

Roll on next week!

HUB

It's not that Gazprom's blocks are "minute", it's just that the block awarded to Tethys is so huge.

Sarikamysh measures roughly 16km x 16km, that's about 250 sq. km - perhaps 1000 sq. km in total with the other blocks. If these are prime locations, that could be a lot of oil. But, most likely any super giant oil field discovered by Gazprom will extend beyond its blocks.

By comparison, Tethys has an ENORMOUS 35,000 sq. km - 35x more area and we hope 35x more potential!

normde

Gazprom have 4 minute drilling pockets within TPL's massive area. The fact that Gazprom have had positive results on a very deep drill de-risks the whole Tethys' block because we now have positive evidence of oil/gas deposiTS and huge one's if the figures are anything to go by. Hence in other words - astronomical upside/very low risk - other Majors will be very very interested in a comparative minnow like TPL- the share price can only head in 1 direction in the long term (and most likely short-term also!).

Courtesy of Fido elsewhere FYI:
http://www.theenergyreport.com/pub/co/1424#quote

"...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..."

Those pesky Russians are trying to nick our oil, perhaps Gazprom have drilled in wrong place and we are about to get a free 18 billion cubic meters of oil! But I agree their drill is not even on the boundary of the Bokhtar PSC it looks well inside.