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Tethys Petroleum Limited (V:TPL.H)

Business Focus: Oil & Gas Exploration and Production

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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
Clive Stuart Oliver
Chief Executive Officer
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 six months ended 30 June 2019, Tethys Petroleum Limited revenues increased from $3.9M to $8.2M. Net loss decreased 87% to $790K. Revenues reflect Oil Sales increase from $1.3M to $4.3M, Gas Sales increase of 53% to $4M. Lower net loss reflects Average Production Costs per unit, Total decrease of 9% to $4.08 per barrel, Depreciation, depletion and amortisation decrease of 39% to $2.5M (expense).
Employees: 280 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $64.06M as of Jun 30, 2019
Annual revenue (TTM): $19.36M as of Jun 30, 2019
EBITDA (TTM): $6.83M as of Jun 30, 2019
Net annual income (TTM): -$7.93M as of Jun 30, 2019
Free cash flow (TTM): -$0.19M as of Jun 30, 2019
Net Debt Last Fiscal Year: $43.46M as of Jun 30, 2019
Shares outstanding: 68,324,512 as of Sep 9, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization