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Tethys Petroleum Talks About 'Tremendous Deal' With Total And CNPC

Dr David Robson, Exec Chairman and President of Tethys Petroleum (LON:TPL TSE:TPL), tells Proactiveinvestors that the deal that has been finalised is, if anything, better than the original deal that was signed in December as it includes an extra 1,200km of 'attractive' acreage. Tethys has received $63mln in compensation for back costs and a carry for $80mln carry for future work, thereafter it's all divided by thirds.

http://www.proactiveinvestors.co.uk/companies/stocktube/2053/tethys-petroleum-talks-about-tremendous-deal-with-total-and-cnpc--2053.html

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.