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% 1.25p 1.00p 1.50p 1.25p 1.25p 1.25p 100,000.00 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 - 4.21

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DateSubject
03/12/2016
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 1.25p.
Tethys has a 4 week average price of 1.24p and a 12 week average price of 1.43p.
The 1 year high share price is 5.75p 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 23,270 shares. The market capitalisation of Tethys is £4,208,111.50.
03/12/2016
16:39
casual47: Hguess, why would the share price go up? Olisol had paid 10 US cents for their shares and were going to add more at 3 pence. Yet the share price remained below 2p for months. Also, I have close to 2 million shares. With TPL being so illiquid there is no chance I can offload that amount at a reasonable price. The EGM is 27th January. The 8 million USD + interest Cayman loan is due a month later.
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.
08/11/2016
18:49
hguess16: By Fri, if the new Investors come on board, the major players in TPL will be: % Soosaipillai 9.9 Kumar 9.9 PAM 13.8 Olisol 12.6 Total 46.2 Others-each less than 5% 53.8 Some of the "Others" holding less than 5% could be hiding under the radar in order to conceal their final move !. Soos & Kumar's move seems to have set a floor to the SP, but if Olisol sells out now to hurt TPL,it risks losing its $5.8m W/C and making a big loss on its shares it bought at 10 cents per share. Could Abramov join forces with AGR Energy ?. The Court seizure of TPL's assets has neutralised TPL's share price, rising, despite the new investors potential entry. As Rumsfeld once said " Knowns" and " Unknowns" matter in this game of Russian Roulette !. End game ?. Not yet !.
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.
05/11/2016
11:21
naimanka74: "Get some trust back into the company and its Board, get some institutions on board and bam the share price will rise........HOW HARD CAN IT BE?????" Harder than you think, institutions will not be able to touch it with a barge pole. 1) Market Cap is too low (many funds cannot invest in micro-cap's) 2) Governance - now non existent So the Market Cap must be grown & board balance created, now I guess Bill Wells now needs a relationship agreement with himself :-)))) The next deal is critical, both to stabilise the company and to (re)gain credibility (other posters are correct about the share price, it's last "normal" reaction was post the announcement of the AGR deal/loan, since then it's been in a steep spiral irrespective of what has happened). At one stage AGR were well in the money with their original convertible loan (at 10c), so it's come seriously unglued since then, it doesn’t correlate to anything else in the market. We should not forget though that both AGR and Olisol have put in serious money as well, so for trust/credibility to be restored (from an institutional perspective) they need to be part of the next steps (whether rescheduling debt or supporting moves to bring some improvement to the share price) to rebuild the business (is it a business, I guess right now it’s not?). Obviously neither is exactly a "trusted partner" from a PI perspective but almost inevitably they will be part of any solution. Kenneth May spent at least a year with Olisol so he must understand how they think/work, so there ought to be something to build upon. They still need to ditch the dual listing and any other unnecessary costs (Cayman Islands) and properly model the company’s assets (Gas vs Oil, export pricing, or lack thereof, for oil is an issue for me, clearly the whole oil sale side was a mess). In the Ken May video I don’t think oil production was mentioned (other than the Klymenie exploration well, where clearly every possible step must be taken to reduce risk pre-drill) but it’s crucial as there must be well intervention needed on Doris to boost oil production and gain export pricing capability, so the strategy needs addressing as well as it doesn’t currently stack up.
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 !.
22/10/2016
07:56
hguess16: Is it likely that NOG could bid for Tethys ? Have they got the cash ?. NOG's main producing asset is in KAZ in Chinarevskoye and it averages 40k barrels per day. NOG's share price is £3.5 compared to £5 when they first made a bid. Due to the fall in oil price NOG's 6 mth results in 2016 showed a loss and its net debt increased by $60m to $845m. But it is negotiating a $200m debt facility to expand its oil production. It also has cash of over $100m. Would they be tempted to go for Tethys ?. Positives- The oil price has recovered and the World Bank estimates a price of $55pb in 2017. NOG may want to increase its output in Oil and Gas in KAZ and TPL could be a good fit. TPL has its main asset in KAZ and would be tasty morsel at the current price even with Olisol's 63m shares involvement. Olisol might be persuaded to sell out at US$0.10 plus a premium of 2-3 cents !. Or Olisol could stay and offer its distribution and refining operations to NOG. Negatives - PAM could be a stumbling block as PAM would like to stay in TPL and recoup its initial investment. Any views ?.
29/9/2016
16:22
temporarily insane: No wonder the share price is being kept at near all time lows with all the other extra shares that Olisol magically can buy. Olisol pay less for the shares. Olisol accidentally delay payments. TSX used to shaft the share price to near all time lows. Look how stagnant the share price has been since Olisol have been dragging their heels.................even if 35 million were sold or 5 million were bought there has been nothing honest with the % share trading.
24/9/2016
07:46
dorset64: Some good posts guys. Thankfully we can now forget about Robson & his extravagances and more have a partner wishing to drill & thus, convert the Capex into profits going forward. I will say guess that I think you are wrong regarding the remaining 25% holders wanting to burn TPL to the ground as that in turn would make absolutely no sense. IMO Olisol will, once they've sorted their funds out, cough up the remaining monies and in turn complete on the deal. Olisol will not walk away from this as they, like TPL have everything to lose. If TPL fold then all of their monies to date goes with it, hey lose a partner as well as a business by where they have their hands not only on the oil & gas fields, but the equipment to drill it, the railway & transport system to ship it, the terminals to transfer it, access to increased prices to China and the pipelines to ship it there, not forgetting the contracts TPL already have. If not for the money side of things TPL are in a very strong position with the 'business model' and why I'm still invested with a seven figure holding so, and again imo, once the financials are sorted and they turn positive cashflow in 2017, this company once again has the makings of a great investment. Obviously and up until the loans & future cashflow have been sorted, everything remains up in the air which in turn is why the share price is where it is today, and not back to the 40-50p region it could be within 12-18 months.
23/9/2016
19:24
hguess16: Casual47, I think that the funds provided to TPL are : US$m Cayman Is 8.1 Loan ALR 3.5 linked to Pope and convertible AGR 7.5 Convertible Debenture linked to Assabayev family in KAZ Olisol 6.3 Converted to TPL shares Olisol 7.4 to be converted to TPL shares Bank O/D 1.0 Total 33.8 Based on the new CEO statement on planned cost reductions and the fact that most of the funds could be converted to TPL equity, the debt burden would be reduced and the additional cost of drilling the shallow wells could be started once the Olisol deal is concluded. The concern is that the current low share price which is well below the 3p level agreed by Olisol is being influenced by those who hold over 25% of the shares, who in my view are hoping that TPL might collapse based on their past false promises and failures. Perhaps the short sellers and doubters who hold the 25% are also waiting for the Oct 28 deadline to be further extended due to possible mis-steps by Olisol in the volatile KAZ environment !. Let's hope they are wrong !.
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