Thought I would start a thread on this company.

http://www.tethyspetroleum.com/tethys/index.action



Any holders or views on here?

I hold

only small holding and as you say looks to be on a bit of a rise, so wait and see.,.

looking good today, something brewing me thinks.,.

looking even better today, good volume..... something cooking.,.

Balerboy - Been some large delayed trades going through over last couple of days. Volume has been good and I am with you in that something is going on. We shall see!!

Did you see this Bb,

Tethys Petroleum: City broker hails 'transformational' farm-out deal
Wed 10:59 am by Jamie AshcroftAn important phase of exploration aims to further advance the Bohktar project, which is currently estimated to host an eye-watering 27.5bln barrels of oil.

Tethys Petroleum’s (LON:TPL TSE:TPL) deal to bring in major new partners into the massive Bokhtar project in Tajikistan was a transformational event in the story of the company’s development, according to City broker Seymour Pierce.

Last month Tethys struck the deal with French major Total and state-backed Chinese firm CNPC (China National Petroleum Company). Now, each of the new partners will own a 33% stake in the project – and Tethys’s 85% owned subsidiary KPL will own the other 33%.

The deal secures funding for an important phase of exploration that aims to further advance the project, which is currently estimated to host an eye-watering 27.5bln barrels of oil.

As such it provides immediate validation of Tethys's considerable resource base in Tajikistan, Seymour Pierce analyst Sam Wahab said in a note.

And by committing the new partners to certain spending commitments the deal opens the door to a significant work programme.

Importantly, Tethys's participation in the programme is largely carried - with up to US$80mln being spent on the Canadian firm's behalf. As such, it is only required to pay 33% of its share of the costs of the upcoming programme and this is expected to amount to around US$9mln.

Additionally KPL is also due payments totalling US$60mln from the new partners in relation to certain back-costs, but Wahab believes the new partners bring more than just money to the party.

“We feel the combination of equity partners is highly complementary to Tethys’ progressive strategy in Tajikistan, with Total contributing extensive technical competencies and CNPC providing a route to market,” the analyst says.

Wahab expects the full details of the 2013-14 work programme will be finalised in the current quarter. Though he says this year’s work is likely to consist of seismic and desktop work, with deep exploration drilling starting next year.

Separately he expects Tethys to continue to make progress in Kazakhstan, with exploration and development drilling targeting a 1.3bln barrel recoverable resource base.

Seymour Pierce rates Tethys as a ‘buy’ with a 90p a share target.

90p will do very nicely thank you.,. thanks dc, hadn't seen it. makes good reading don't you think.,.

Does look good Bb . Pints all round when you make your fortune. lol

sooner have a good meal actually..... you up for that ;)

I have just had one,spare ribs and chips, simple but nice.

just closed 10% up in Canada - Monday could be interesting over here

thanks r1069, am feeling very happy with my purchase so far, had spare ribs yesterday in bbq sauce, very messy but bloody good ;)

up 6% so far this morning...... onward and upward.,.

I think it is consolidating at these levels before any rerating being announced.

It seems it has to move above 40p again. Short positions will be under pressure at those levels.

so will i be, as not sure how long it will stay there or is it on up and i get skinny's boot up the jacksy for selling too early........????

over 12% today, in good profit, must tell myself to be sensible.,.

Well done Bb, thats the graph you want to see. :-))

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good volume still but knew i should have taken a few off at 40p hope for another good day tomorrow.,.

looks like we might end up around the 39p mark, 3 mins to go.,.