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HONG KONG, Oct 8, 2009 - (ACN Newswire) - According to recently released The Energy Report ("the Report"), a Canadian free publication of Streetwise, Inc., Tethys Petroleum Limited ("Tethys", TSX: TPL), a prominent oil and gas exploration and production company in Central Asia, was initiated coverage with a BUY rating by Russian Renaissance Capital. Highlights of the Report are as follows:
Operate large-scale exploration properties
- Tethys has projects in Kazakhstan, Tajikistan and Uzbekistan. Two development properties located in Kazakhstan where producing gas; oil operation located in Uzbekistan; while Tethys has very large-scale exploration property in Tajikistan, where its current license covers over 35,000 sq km in an area where not a lot of exploration activity has been undertaken in the past.
Prime location of hydrocarbon for oil and gas development
- Tethys focuses on Central Asia, which has very significant potential in hydrocarbons, in both oil and gas, and significant exploration opportunities exist.
- Tethys is poised to be one of the largest exploration plays.
Advanced exploration technology
- Utilize new western technology to reach more hydrocarbon resources, enabling Tethys to become very prolific plays.
Engaged in the promising oil and gas industry
- Uzbekistan and Kazakhstan are short of gas on average and are importing gas at the moment. Tethys has chosen those areas where they can actually find off-take agreements for their gas.
Taking advantage of significant infrastructure
- In Uzbekistan, Tethys is simply trucking oil from its field to the railway terminal, goes by rail or ship to the nearby refinery, benefiting from the lower transportation cost.
- There are plenty of oil pipelines built in the regions where Tethys located in, which are easy to transport.
Please visit http://www.theenergyreport.com/pub/co/634 for The Energy Report in full.
Contact:
Quam IR, Quam (H.K.) Limited
Ms Anita Wan
Tel: +852 2217 2687
E-mail: anita.wan@quamgroup.com
Ms Sharon Au
Tel: +852 2217 2680
E-mail: sharon.au@quamgroup.com
Ms Venus Lam
Tel: +852 2217 2909
E-mail: venus.lam@quamgroup.com
Topic: Research / Industry Report
Source: Tethys Petroleum Limited
Sectors: Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network
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