Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Tethys Petroleum Limited (V:TPL)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 2 Bokenbai Batyr Street, 2nd Floor
AKTOBE 030000
Tel: N/A
Website: https://tethys-group.com
IR: See website
Key People
William P. Wells
Executive Chairman of the Board, Chief Executive Officer
Casey S. McCandless
Chief Financial Officer, Corporate Secretary
 
Business Overview
Tethys Petroleum Limited is an oil and gas exploration and production company focused on Central Asia and the Caspian Region with projects in Kazakhstan. Through its subsidiaries, TethysAralGas LLP and Kul-Bas LLP, it operates over four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (449 square kilometers (km2)), Akkulka Exploration License and Contract (827 km2), Akkulka Production Contract (396 km2) and Kul-Bas Exploration and Production Contract (7,632 km2). The Kul-Bas exploration and production contract area surrounds the Akkulka block, which has an exploration area of over 7,632 km2. Kyzyloi and Akkulka gas development fields are tied into the Bukhara-Urals gas pipeline by an over 56-kilometer pipeline owned and built by the Company. The Doris oil field provides over two oil-bearing zones, the lower zone and an upper, lower cretaceous sandstone zone.
Financial Overview
For the six months ended 30 June 2024, Tethys Petroleum Ltd revenues decreased 65% to $6.7M. Net income decreased 99% to $44K. Revenues reflect Oil Equivalent Prod. (Bbl/D)-Kazakhstan decrease of 52% to 2K barrels per day, Oil Sales decrease of 75% to $4.8M, Other revenue decrease of 50% to $1K. Net income also reflects Average Production Costs per unit, Total increase of 63% to $21.95 per barrel.
Employees: 280 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $127.78M as of Jun 30, 2024
Annual revenue (TTM): $33.74M as of Jun 30, 2024
EBITDA (TTM): $18.16M as of Jun 30, 2024
Net annual income (TTM): $4.38M as of Jun 30, 2024
Free cash flow (TTM): -$0.79M as of Jun 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 114,857,248 as of Jun 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization