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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: RRainman9999 who wrote (7892)	3/20/2005 3:32:45 PM
From: Crossy	Read Replies (2) of 37387

re: Tethys Oil - TETY.ST - Underfollowed - EV $2m - New Pick Tethys Oil - Sweden (Stockholm) - TETY.ST finance.yahoo.com Trading around 12,5 (SEK) - Swedish Kronor MCap : $9m USD, EV (Enterprise Value) is only $2m Lundin Petroleum and John Hoey (Hondo Oil) own significant shares of this wildcatter, that is exploring for oil on politically stable European acreage in Denmark, Spain, Turkey.. altogether around 1m gross acres working interests 30-50%.. tethysoil.com Now there are just 4,4m shares out. Marketcap US$9m And the company has around $7m in cash in the bank. This means that EV(Enterprise value) is around $2m They own acreage in European exploration plays at 1000000 acres gross and 300000 net in Denmark, Turkey and Spain. Recently they announced to be looking at Ukraine and African prospects also. They are not yet producing, a "pure wildcatter" but one at an EV of under $2m, Marketcap $9m. No possible upside from potential exploration successes are yet factored in the share price.. Seismic done on their Turkish and Danish acreage. Spanish acreage seismic to be completed soon. Their partners in Turkey are Aladdin Middle East (AME) - who is a partner with TRGL also in some of their prospects. In Spain Northern Petroleum of the UK is their partner. In Denmark they teamed up with the govt. O&G company "DONG".. until very recently this looks totally neglected.. over the past couple of days the share price bounced back from a bottom and volume increased markedly.. tethysoil.com John Hoey is a big shareholder and sits on the BOD(best connections to Africa, Mideast and the US intelligence community) as is Lundin Pete and a couple of other distinguished folks I compared metrics with AIM and Toronto and found that typically TETY could be trading north of SEK 30 on such exchanges Drilling for NatGas in Denmark is about to start soon according to their recent operational update referenced on their website best rgrds CROSSY

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