exploration reserves production
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BUSINESS OVERVIEW

Tethys Petroleum Limited is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

Key highlights:

  • Strong reserves, production and cashflow
    • Current production in excess of 5,000 boepd, (60% gas, 40% oil) from 100% operating interest in shallow gas fields in Kazakhstan with plans to grow this in 2015
    • 2P reserves of 27.08 MM boe and 1.3 billion barrels of prospective resources
  • World class acreage position - 47,000km2 across Kazakhstan, Tajikistan and Georgia
  • Exciting high impact exploration upside from:
    • Klymene oil prospect targeting a significant accumulation of oil
    • Bokhtar PSC - targeting prospective resources of 114TCF
  • Ideally placed to benefit from gas exports to China, with gas pipeline to drive demand and pricing
  • Strong partnership with supermajors Total and CNPC in Tajikistan
  • Excellent track record of success – 13 successful consecutive gas wells
  • Balanced strategy with a focus on cash discipline to deliver shareholder value