Tethys Petroleum Limited: Tajikistan Update
Investing News Network - December 2nd, 2011
Tethys Petroleum Limited (TSX:TPL) updated on its Tajikistan asset and the recent Option Agreement.
Tethys Petroleum Limited (TSX:TPL) updated on its Tajikistan asset and the recent Option Agreement.
As quoted in the press release:
- Tethys has a Production Sharing Contract for 25-years (signed June 2008) covering an area of 35,000 km2.
- Excellent commercial terms: Tethys takes 91% of the oil/gas during the cost recovery period and 70% after costs have been recovered. There are no other taxes, levies or duties.
Click here to read the Tethys Petroleum Limited (TSX:TPL) press release. 