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Tethys Petroleum Limited (V:TPL.H)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: British Isles
P.O Box 524
Tel: 1-416-9411257
IR: See website
Key People
William P. Wells
Executive Chairman of the Board, Chief Executive Officer
Clive Stuart Oliver
Chief Financial Officer, Corporate Secretary
Graham Wall
Chief Operating Officer
Luka Chachibaia
Vice President - Operations
Sabin Rossi
Vice President - Investor Relations
Rosemary Johnson-Sabine
Vice President - Exploration
George Mirtskhulava
Vice President, Corporate Development & Asset Management
Mamuka Murjikneli
Vice President - External Affairs and Asset Protection, Regional Manager for Tajikstan and Uzbekistan
Alexander Skripka
Chief Commercial Officer
Business Overview
Tethys Petroleum Limited is an oil and gas exploration and production company focused on projects in Central Asia and the Caspian Region. The Company's principal activity is the acquisition of, and exploration and development of crude oil and natural gas fields. The Company operates through three segments: Kazakhstan, Tajikistan and Georgia. In Kazakhstan, the Company produces oil and gas from the Kyzyloi and Akkulka fields and undertakes exploration and evaluation activity in the Kul-bas field. In Tajikistan and Georgia, the Company undertakes exploration and evaluation activity. The Company also operates a corporate segment, which includes a range of drilling rigs, and related oil and gas equipment, which are utilized in Kazakhstan according to operational requirements. The Company owns interests in its Kazakh projects through TethysAralGas LLP (TAG) and Kul-Bas LLP (Kul-Bas). The property in Tajikistan includes Bokhtar PSC and properties in Georgia include XIA, XIM and XIN.
Financial Overview
For the three months ended 31 March 2020, Tethys Petroleum Limited revenues decreased 25% to $3.5M. Net loss totaled $7.4M vs. income of $743K. Revenues reflect Oil Sales decrease from $4.2M to $0K. Net loss reflects Administrative Expenses increase of 20% to $737K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.01 to -$0.09.
Employees: 280 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $79.32M as of Mar 31, 2020
Annual revenue (TTM): $15.69M as of Mar 31, 2020
EBITDA (TTM): $12.85M as of Mar 31, 2020
Net annual income (TTM): -$23.04M as of Mar 31, 2020
Free cash flow (TTM): $9.12M as of Mar 31, 2020
Net Debt Last Fiscal Year: $26.90M as of Mar 31, 2020
Shares outstanding: 68,324,430 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization