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Tethys Petroleum Limited (V:TPL)

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: N/A
IR: See website
Key People
William P. Wells
Executive Chairman of the Board, Chief Executive Officer
Casey McCandless
Corporate Secretary
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 nine months ended 30 September 2020, TethysPetroleum Limited revenues decreased 25% to $8.6M. Net lossincreased from $1.3M to $3.8M. Revenues reflect OilEquivalent Prod. (Bbl/D)-Kazakhstan decrease of 4% to 2Kbarrels per day. Higher net loss reflects AdministrativeExpenses increase of 3% to $2.2M (expense). Basic Earningsper Share excluding Extraordinary Items decreased from-$0.02 to -$0.05.
Employees: 280 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $112.68M as of Sep 30, 2020
Annual revenue (TTM): $12.54M as of Sep 30, 2020
EBITDA (TTM): $15.44M as of Sep 30, 2020
Net annual income (TTM): -$14.32M as of Sep 30, 2020
Free cash flow (TTM): $13.70M as of Sep 30, 2020
Net Debt Last Fiscal Year: $6.34M as of Sep 30, 2020
Shares outstanding: 104,955,999 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization