'
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Tethys Petroleum Limited, Valuation and Financial Data 8
Tethys Petroleum Limited, Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
Tethys Petroleum Limited, Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Tethys Petroleum Limited, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
Tethys Petroleum Limited, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Tethys Petroleum Limited, Quarterly Production Trends 13
Tethys Petroleum Limited, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 14
Tethys Petroleum Limited, Crude Oil Production 15
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 15
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 16
Tethys Petroleum Limited, Natural Gas Production 17
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 17
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 18
Tethys Petroleum Limited, Valuation and Financial Data, 2011-2015 19
Tethys Petroleum Limited, Share Price Performance, 2011-2015 19
Share Price Performance, 2011-2015 19
Key Valuation Metrics, 2011-2015 20
Tethys Petroleum Limited, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26
Crude Oil Production and Reserves By Country/Region, 2011-2015 27
Crude Oil/Liquids Reserve Changes, 2011-2015 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2011-2015 30
Natural Gas Production and Reserves, By Country/Region, 2011-2015 31
Natural Gas Reserve Changes, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35
Tethys Petroleum Limited, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Exploration and Development Costs, By Country/Region, 2011-2015 38
Oil and Gas Cost Per boe, US$/boe 40
Oil and Gas Cost Per boe, US$/boe, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 41
Tethys Petroleum Limited, Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2011-2015 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 45
Tethys Petroleum Limited, Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2011-2015 49
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 50
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2011-2015 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 54
Oil and Gas Performance Metrics 56
Tethys Petroleum Limited, Land Holdings and Well Data 57
Developed and Undeveloped Acreage 57
Gross and Net Developed and Undeveloped Acreage, 2011-2015 57
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 58
Well Statistics 60
Producible Oil and Gas Well, 2011-2015 60
Producible Oil and Gas Well, By Country/Region, 2011-2015 61
Exploration and Development Wells Drilled, 2011-2015 66
Recent Developments 67
Tethys Petroleum Limited - Recent Developments 67
Dec 12, 2016: Tethys Petroleum Announces Tethys Gas Sales Contract 67
Nov 16, 2016: Tethys Petroleum appoints new board member 67
Nov 15, 2016: Tethys Petroleum Announces 2016 Q3 Results 67
Nov 15, 2016: Claims Made Against Tethys Employees In Kazakhstan Dismissed 70
Nov 06, 2016: Tethys Provides Update On Claims Made Against The Company And Its Employees In Kazakhstan 70
Nov 04, 2016: Tethys Petroleum Announces Board And Management Changes 73
Nov 01, 2016: Tethys Provides Update On Gas Sales Contract 73
Sep 30, 2016: Tethys Petroleum: Kazakhstan Legal Proceedings 74
Sep 16, 2016: Tethys Petroleum Provides Corporate Update 74
Appendix 76
Methodology 76
Coverage 76
Secondary Research 76
Primary Research 76
Data Information Sources 77
Company Source 77
SEC/Other Regulatory Filings 77
Other Sources 77
Expert Panel Validation 77
Data Definition 77
Oil and Gas Reserves 77
Units of Measure 78
About GlobalData 78
Disclosure 78
Disclaimer 78
List of Tables
Table 1: Tethys Petroleum Limited, Key Facts 7
Table 2: Tethys Petroleum Limited, Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: Tethys Petroleum Limited, Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: Tethys Petroleum Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: Tethys Petroleum Limited, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: Tethys Petroleum Limited, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Table 7: Tethys Petroleum Limited, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 13
Table 8: Tethys Petroleum Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Table 9: Tethys Petroleum Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Table 10: Tethys Petroleum Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Table 11: Tethys Petroleum Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Table 12: Tethys Petroleum Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Table 13: Tethys Petroleum Limited, Share Price Performance, 2011-2015 19
Table 14: Tethys Petroleum Limited, Key Valuation Metrics, 2011-2015 20
Table 15: Tethys Petroleum Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Table 16: Tethys Petroleum Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24
Table 17: Tethys Petroleum Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25
Table 18: Tethys Petroleum Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Table 19: Tethys Petroleum Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28
Table 20: Tethys Petroleum Limited, Crude Oil Reserve Changes, mmbbl, 2011-2015 29
Table 21: Tethys Petroleum Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Table 22: Tethys Petroleum Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32
Table 23: Tethys Petroleum Limited, Natural Gas Reserve Changes, bcf, 2011-2015 33
Table 24: Tethys Petroleum Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Table 25: Tethys Petroleum Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 26: Tethys Petroleum Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 27: Tethys Petroleum Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Tethys Petroleum Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40
Table 29: Tethys Petroleum Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 42
Table 30: Tethys Petroleum Limited, Oil and Gas Production Replacement Ratio, %, 2011-2015 44
Table 31: Tethys Petroleum Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 48
Table 32: Tethys Petroleum Limited, Revenue and Expenses, US$ mil, 2011-2015 49
Table 33: Tethys Petroleum Limited, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 52
Table 34: Tethys Petroleum Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 53
Table 35: Tethys Petroleum Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 55
Table 36: Tethys Petroleum Limited, Oil and Gas Performance Metrics, 2011-2015 56
Table 37: Tethys Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57
Table 38: Tethys Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 59
Table 39: Tethys Petroleum Limited, Producible Oil and Gas Wells, 2011-2015 60
Table 40: Tethys Petroleum Limited, Producible Oil and Gas Wells, By Country/Region, 2011-2015 65
Table 41: Tethys Petroleum Limited, Exploratory and Developed Wells, 2011-2015 66
List of Figures
Figure 1: Tethys Petroleum Limited, Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: Tethys Petroleum Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: Tethys Petroleum Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: Tethys Petroleum Limited, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 12
Figure 5: Tethys Petroleum Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 13
Figure 6: Tethys Petroleum Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Figure 7: Tethys Petroleum Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Figure 8: Tethys Petroleum Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Figure 9: Tethys Petroleum Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Figure 10: Tethys Petroleum Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Figure 11: Tethys Petroleum Limited, Share Price Performance, CAD/Share, 2011-2015 19
Figure 12: Tethys Petroleum Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20
Figure 13: Tethys Petroleum Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Figure 14: Tethys Petroleum Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23
Figure 15: Tethys Petroleum Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23
Figure 16: Tethys Petroleum Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25
Figure 17: Tethys Petroleum Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Figure 18: Tethys Petroleum Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27
Figure 19: Tethys Petroleum Limited, Oil Production, By Country/Region, mmbbl, 2011-2015 27
Figure 20: Tethys Petroleum Limited, Crude Oil Reserve Changes, mmbbl, 2015 29
Figure 21: Tethys Petroleum Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Figure 22: Tethys Petroleum Limited, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31
Figure 23: Tethys Petroleum Limited, Gas Production, By Country/Region, bcf, 2011-2015 31
Figure 24: Tethys Petroleum Limited, Natural Gas Reserve Changes, bcf, 2015 33
Figure 25: Tethys Petroleum Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Figure 26: Tethys Petroleum Limited, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 27: Tethys Petroleum Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 28: Tethys Petroleum Limited, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 29: Tethys Petroleum Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 30: Tethys Petroleum Limited, Development Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: Tethys Petroleum Limited, Exploration Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 32: Tethys Petroleum Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40
Figure 33: Tethys Petroleum Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41
Figure 34: Tethys Petroleum Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41
Figure 35: Tethys Petroleum Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 42
Figure 36: Tethys Petroleum Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 43
Figure 37: Tethys Petroleum Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 45
Figure 38: Tethys Petroleum Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 45
Figure 39: Tethys Petroleum Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 46
Figure 40: Tethys Petroleum Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 46
Figure 41: Tethys Petroleum Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 47
Figure 42: Tethys Petroleum Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 47
Figure 43: Tethys Petroleum Limited, Revenue and Expenses, US$ mil, 2011-2015 49
Figure 44: Tethys Petroleum Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 50
Figure 45: Tethys Petroleum Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 50
Figure 46: Tethys Petroleum Limited, Production Costs, By Country/Region, US$ mil, 2011-2015 51
Figure 47: Tethys Petroleum Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 53
Figure 48: Tethys Petroleum Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 54
Figure 49: Tethys Petroleum Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 54
Figure 50: Tethys Petroleum Limited, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 55
Figure 51: Tethys Petroleum Limited, Oil and Gas Performance Metrics, 2011-2015 56
Figure 52: Tethys Petroleum Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57
Figure 53: Tethys Petroleum Limited, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58
Figure 54: Tethys Petroleum Limited, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58
Figure 55: Tethys Petroleum Limited, Producible Oil and Gas Wells, 2011-2015 60
Figure 56: Tethys Petroleum Limited, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 61
Figure 57: Tethys Petroleum Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 61
Figure 58: Tethys Petroleum Limited, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 62
Figure 59: Tethys Petroleum Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 62
Figure 60: Tethys Petroleum Limited, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 63
Figure 61: Tethys Petroleum Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 63
Figure 62: Tethys Petroleum Limited, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 64
Figure 63: Tethys Petroleum Limited, Exploratory and Developed Wells, 2011-2015 66