Tethys Petroleum Limited (V:TPL*CA)
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 nine months ended 30 September 2023, Tethys Petroleum Ltd revenues decreased 36% to $30M. Net income decreased 49% to $10.9M. Revenues reflect Oil Equivalent Prod. (Bbl/D)-Kazakhstan decrease of 14% to 3K barrels per day, Oil Sales decrease of 31% to $30M, Gas sales decrease of 99% to $30K. Net income also reflects Average Production Costs per unit, Total increase of 55% to $13.44 per barrel. |
| Employees: | 280 as of Dec 31, 2016 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $126.75M as of Sep 30, 2023 |
| Annual revenue (TTM): | $66.52M as of Sep 30, 2023 |
| EBITDA (TTM): | $47.46M as of Sep 30, 2023 |
| Net annual income (TTM): | $2.26M as of Sep 30, 2023 |
| Free cash flow (TTM): | $4.00M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 114,857,248 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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