Share Name Share Symbol Market Type Share ISIN Share Description
Tethys LSE:TPL London Ordinary Share KYG876361091 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.50p 1.25p 1.75p 1.50p 1.50p 1.50p 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.0 -46.3 -14.9 - 5.05

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DateSubject
18/1/2017
08:20
Tethys Daily Update: Tethys is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TPL. The last closing price for Tethys was 1.50p.
Tethys has a 4 week average price of 1.42p and a 12 week average price of 1.32p.
The 1 year high share price is 3.25p while the 1 year low share price is currently 0.75p.
There are currently 336,648,920 shares in issue and the average daily traded volume is 59,159 shares. The market capitalisation of Tethys is £5,049,733.80.
13/1/2017
15:55
hguess16: TI,Casual, The C$0.147 offer on 22/9/15 from Nostrum was based on 1 Nostrum share for 69.433 Tethys shares when the Nostrum share price wsa £5.005. Unfortunately, very shortly after 22 Sept, the Nostrum share price was trading below £4 and then went below £3 following the collapse in the oil price. The current share price of Nostrum has picked up in line with the rise in the oil price and now trades at £4.69. Unfortunately, Tethys has not benefited from the rise in the oil price for specific company problems, which I hope will be resolved in the future !. As regards the valuation of Tethys, I would be surprised if the Kumars' decide to sell in the near term, if and when they acquire 280m shares at an average cost of 2.5p per share. Moreover, I cannot foresee a situation where PAM would agree to sell their 274m shares at 3p, when their average cost could range from anything between 7p - 25p, depending on how much they paid for the initial 64m shares !. It is pure speculation at this stage to consider a sale of Tethys at this point !.
22/12/2016
23:03
hguess16: TI, As I have mentioned in the past, the "minor volume" trades that have been done on the exchanges in the last 12 months do not concern me as much as the continuous flow of bad decisions, supported sometimes, by devious and misleading news, that has been the norm which has really shafted the TPL share price and led to a total lack of confidence UNTIL Bill Wells decided that "enough is enough" and he took the reins, albeit belatedly. It's easy to be wise after the event !. But, now that Bill Wells as chairman and his team have taken over, both he and PAM may have been forced to accept the dire state TPL is in and like us, have to bite the bullet and face the reality of his company having to start again from scratch in order to regain the much needed confidence of investors and institutions who might re-consider investing in TPL. Bearing in mind that at the time the Kumars agreed to step in, Tethys had lost its two principal customers for oil and gas and the company was under siege by the actions of a rejected suitor, I was relieved even though the offer was ridiculously low !. I am convinced that there was no one else willing to take a punt on TPL at that time. So, there it is !. I have no option but to grit my teeth and stick it out, hoping that gradually CONFIDENCE will be restored by positive and realistic moves by the new team !.
22/12/2016
20:02
temporarily insane: Hguess16, I too am hoping that the new board get their act together. How hard can it be???? They seem to be starting to sort the mess out which is positive. Bill Wells should be investigating who is and has been shafting the share price (Unless they are part of it)!. Isnt the basis of a company valuation based upon the share price and it has appeared to be rather easy to corrupt by a few using the TSX which we mostly voted out of. Well, now everybody is getting more shares for their buck thanks to this endless drawn out, time wasting experience that we have all been dragged through called Tethys Petroleum, then hopefully these small trades will end. Pretty similar to when the share price was being raped last year with the multiple 25000, 15000 and 10000 trades daily to shaft the share price over to where we are now. That ended when the damage had been done. Oh well onwards and upwards, its not as if the oil and gas isnt still under the ground as sod all has happened over the past few years.
21/12/2016
10:26
dorset64: Additionally how often do we read of shareholders on these boards bemoaning their BoD's for not actually putting their money where their mouths are, and owning a sizeable stake in their own company. Now what we have is the BoD's owning a huge amount of the Co. so their interests are aligned to ours, in that by investing all their monies, how do they make a profit. Simple, either by the share price jumping multiples of where it is today, or by paying dividends. Dividends are a long long long way off so the only way they can make a profit is for either the share price to rise, or be bought out higher than their averages. The share price is where it is today, so you have the chance to do exactly the same as the BoD's by buying more shares & averaging down, or just sit with the shares you have & at the average you currently have. The fact that Bill Wells owns the amount he does gives me more optimism that before.
20/12/2016
13:39
temporarily insane: http://uk.advfn.com/stock-market/london/tethys-TPL/share-news/Tethys-Petroleum-Ltd-Tethys-Petroleum-Press-Releas/73337003 Tethys Petroleum Press Release: Tethys Prepayment of Debt and Amendment to Debt Agreements TETHYS PETROLEUM LIMITED Tethys Prepayment of Debt and Amendment to Debt Agreements GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Dec. 20, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") today announces that it has prepaid approximately US$322,161 of the US$3.5 million non-convertible loan received March 20, 2015 and due March 20, 2017 (the "Loan") from Annuity and Life Reassurance Ltd. ("ALR"), an affiliate of Pope Asset Management Inc. (together with ALR and its other affiliates, "PAM") and has entered into amendment agreements with ALR (together, the "Amendments") to the Loan as well as to the US$1,760,978 convertible debenture due June 30, 2017 issued to ALR on June 1, 2015 (the "Debenture" and together with the Loan, the "ALR Loans"). Partial Prepayment of Loan The partial prepayment of the Loan was satisfied through the issuance of 20,227,854 ordinary shares (the "Prepayment Shares") in the capital of the Company at an effective price of US$0.0159266 per share. Following the issuance of the Prepayment Shares, PAM owned or controlled 87,903,396 ordinary shares ("Ordinary Shares") or approximately 17.3% of the outstanding Ordinary Shares. The issuance of the Prepayment Shares was exempt from the valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") pursuant to sections 5.5(g) and 5.7(e) thereof since the Company is in serious financial difficulty, the issuance of the Prepayment Shares is designed to improve the financial condition of the Company, the Board includes one or more independent directors in respect of the issuance of the Prepayment Shares and the Board determined, including all of its independent directors, that the Company was in serious financial difficulty, the issuance of the Prepayment Shares is designed to improve the financial condition of the Company and the terms of the prepayment were reasonable in the circumstances. Pursuant to MI 61-101, the Company notes that it has not filed a material change report 21 days prior to the expected closing date of the prepayment. A shorter period was reasonable and necessary in the circumstances as the Company wished to complete the prepayment in a timely manner following receipt of required regulatory approval. Amendments If the Amendments become effective, the ALR Loans will be amended to: (i) extend the maturity dates of both to January 27, 2020, (ii) waive any defaults for any interest payments that are in arrears, (iii) add a conversion feature to the Loan and revise the conversion feature of the Debenture to provide that both of the ALR Loans will be convertible in whole, or in part, at ALR's option at any time prior to the extended maturity date at a conversion price of US$0.031, subject to customary anti-dilution adjustments as set out in the Amendments, (iv) add a covenant that, other than a loan with a bank, the Company may not enter into any new secured loan or amend an existing loan to provide security, unless ALR consents to such loan or is provided with equivalent security, and (v) amend the interest rate payable to provide that if the ALR Loans are converted, semi-annual interest shall accrue at a rate of 4% per annum payable only at the time of conversion through the issuance of ordinary shares at the US$0.031 conversion price, however, if any part of the ALR Loans are not converted, but rather repaid at maturity, the interest rate under the portion of the Debenture that is not converted shall remain at 9% and the interest rate under the portion of the Loan that is not redeemed shall be increased from 8% to 9%. The Amendments will only become effective if approved by shareholders of the Company, excluding PAM, at the upcoming extraordinary general meeting of shareholders called for January 27, 2017 (the "Meeting") in accordance with both MI 61-101 and the rules of the Toronto Stock Exchange (the "TSX"). The Amendments are also subject to the approval of the TSX. If the ALR Loans are converted in full immediately prior to the extended maturity dates, the outstanding balance of the ALR Loans, together with accrued interest will be approximately US$5,774,961 which would result in the issuance to ALR of 186,289,064 Ordinary Shares. If the maximum number of Ordinary Shares are issued upon conversion of the ALR Loans, and assuming that no other Ordinary Shares are issued prior to such date, PAM will own or control approximately 39.5% of the outstanding Ordinary Shares. A copy of the Amendments as well as the management information circular (the "Circular") to be delivered to shareholders in connection with the Meeting will be filed on SEDAR in a timely manner. Shareholders are encouraged to review the Amendments as well as the Circular for more details regarding the Amendments. Read more at hxxp://www.stockhouse.com/companies/bullboard/t.tpl/tethys-petroleum-limited#ciWF3yuBH1bieiQ6.99
06/12/2016
15:49
temporarily insane: So over the past year Tethys share price pretty much achieved sod all, down to hardly any selling but hardly any buying. Magic??? really ya think. The fiddling of the share price using multiple sells previously had done the trick to kill the share price from 55p to 3p over the previous years The aholes who controlled the share price couldnt have made it more obvious when you look at the chart.
05/12/2016
11:05
casual47: 1. I didn't quote you, I responded to a claim you made. 2. The claim you made leaves no room for interpretation: [QUOTE] "If the Tethys share price does not rise above 3.1 cents or 2.48p within the 3 year period, the warrants expire." [END QUOTE], this is clearly untrue. 3. TPL did not explain why they are issuing warrants the equivalent of 30% of the company. So nobody can understand, even you. We can only try to understand, which I have been doing. 4. Name me one company which deemed it reasonable to issue warrants that represent 30% of the company. Again, you don't seem to understand what it is I have an issue with. 5. The $5-odd million they will potentially raise from the warrants will do nothing to fix the $51 million current liabilities they have. Note the word "current", as in "must be settled within the next 12 months from when Q3 was published" 6. Warrants have ZERO influence on share price while share price is below exercise price. However, they CAN act as a drag on share price once share price goes above exercise price, especially when the pending warrants represent such a huge % of the company. Think about it. 7. TPL conceding such a huge number of warrants (which is potentially unprecedented for a London/Toronto listed company), and having attached to it the "gun against the head" clause if shareholders don't agree to it, is a sign of WEAKNESS of the BOD and not a sign of Kumars being friendly/supportive. 8. If the Kumars really wanted to invest they could just have agreed an additional larger placing with TPL and have signed a binding contract with TPL to buy up to 180 million shares. They didn't. They insisted on warrants, and even on doubling the warrants initially agreed and communicated via RNS. Why? Warrants carry 0% risk to the Kumars, and 100% risk to TPL. 0% risk because if TPL goes t1ts up then Kumars can just walk away. 100% risk because: 1. if shareholders don't agree TPL need to IMMEDIATELY pay the Kumars (for doing what exactly???) and 2. If TPL are relying on Kumars to inject further money via Warrants they have zero certainty they will as warrants are OPTIONS, not a legally binding contract.
29/11/2016
18:49
hguess16: State of play: The two new investors, Soosai and Kumar are paying 1.27p per share for 88m shares ( 18%) Olisol paid 8p for 63m shares PAM holds 64m shares and may have paid a multiple of 8p per share, say 20p per share. PI's may have paid between 1.25p ( recent ) and up to 50p per share. PAM gets the support of Soosai/Kumar on BOD decisions, ie control and future strategy A floor has been set for the Tethys share price at 1.27p. The current market share price is between 1p - 1.5p, mid price 1.25p We need a confidence boost to push the share price initially up to 2p per share. This could be provided by solving the Intergas dispute, calming the "Russian Bear" at Olisol and negotiating a bank loan with a local KAZ bank.
07/11/2016
09:17
hguess16: At least the new guys,( Winston Soosaipillai and Medgat Kumar )have put a floor on the TPL share price for now !. Let's hope they deliver on their promises to stabilise the cash flow and improve market conditions for the Tethys oil and gas products.
22/10/2016
10:37
hguess16: TI, I agree that PI's have a lot to lose if the TPL price does not rise significantly. I too hope Olisol makes it, but it seems that they are caught up in the tight cash situ: in KAZ and their business is tied up in KAZ, hence the lack of cash to complete the deal. If, however, Olisol fails to deliver by 27 Oct, I am hoping that TPL Mgt have lined up a credible cash rich partner to take up the reins and run with the TPL business !. I expect a press release from TPL on at least the 28th and hopefully this matter is resolved for us. My reason for speculating on NOG is because PAM decided to reject it at the time due to a share for share offer which would have left PAM out. Mind you,a little while after PAM rejected NOG, NOG's share price collapsed at the agreed £5 exchange level and we would all have received a lower value at the agreed swap rate. Cash is and has been the key issue and I hope it will be sorted !.
Tethys share price data is direct from the London Stock Exchange
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