More Renovations for Tecsys

Tethys Petroleum has been sitting at the $.60 to $70 per share for some time.First they announce a farm-in agreement with two large oil companies for $60 million.Then they announce that they signed a new agreement with the Tajikistan government for an new gas price that is double the old price.They agree to supply 12.5 million cubic metres of gas a year at this new price. They also inform us that they have drilled 13 new shallow gas wells and 11 of them proved to be commercially viable.This news sent the stock price to $.85 per share.    It is not stated where the new wells have been drilled but presumably they are close to their producing wells How far is not certain.But now they have annnounced an extension of an existing contract in the 1.9 million acres surrounding The Akulka area. In this new area they have the Kalypso well which has already encountered hydrocarbons.Hopefully they have signed an option for a future purchase price as it would make a nice addition to their existing lands.This should make Tethys a $1.00 per share real soon.
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