www.tethyspetroleum.com
Tethys Petroleum Limited's strategy is to create shareholder value by building an oil and gas exploration and production company focused on Central Asia in areas with substantial oil and gas potential, building on the strengths of its management team and with a mix of short-term cash flow and upside potential. Currently Tethys has projects in Kazakhstan, Tajikistan and most recently Uzbekistan. Tethys is listed on the Toronto Stock Exchange in Canada and on the Kazakhstan Stock Exchange (KASE: GG_TPL_)
Tethys loses bid for Afghan oil blocks to Chinese State Oil Co.
Tethys Petroleum (TSE:TPL) announced Monday it lost its bid for the tender of three oil blocks in northern Afghanistan to the Chinese State Oil Company, called CNPC.
Tethys said that, as a commercial oil and gas company, it could not offer the same terms as CNPC, which would in its view, it added, make the project non‐commercial.
Still, it said it sees the good oil and gas potential of Afghanistan and will continue to evaluate future opportunities there.
Currently, the company is focused on production and exploration in Tajikistan, Kazakhstan and Uzbekistan.
The British Isles-based company, which recently opened its Doris oil production facility in Kazakhstan, saw its shares slip 3.7% to $0.52 as at 2:08 pm EDT.



















