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
  +0.125p +10.00% 1.375p 1.25p 1.50p 1.375p 1.125p 1.25p 4,241,513.00 15:51:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.0 -46.3 -14.9 - 4.63

Tethys (TPL) Latest News (5)

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Tethys (TPL) Discussions and Chat

Tethys (TPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-03-29 15:29:351.2781,3461,033.09O
2017-03-29 15:16:041.274,20053.34O
2017-03-29 15:06:361.2714,250180.98O
2017-03-29 15:01:531.20802,0009,624.00O
2017-03-29 14:01:521.20182,5002,190.00O
View all Tethys trades in real-time

Tethys (TPL) Top Chat Posts

DateSubject
29/3/2017
09:20
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 - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 336,648,920 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Tethys is £4,628,922.65.
05/3/2017
18:38
hguess16: Yes, TI, But I doubt they would do so as PAM and the Kumars have it all sown up with over 60% of the shares incl the warrants. Olisol paid 10 cents per share for the 63m shares they hold at present. If Olisol decides to buy, say 10 million shares in 500k lots, the TPL share price will move up to a higher level from its current 1.88p to perhaps >5p as sellers would expect a higher price to part with their shares. Higher demand with a relatively limited supply would result in a higher price !.
24/2/2017
14:35
hguess16: Thanks 1399Peter,Casual. It seems evident that the uncertainty surrounding the next challenges/opportunities for the new team will be determined by the known/unknown factors and events that lie ahead and consequently, we as virtual " sleeping partners " in this enterprise are totally dependent on both the team's ability to overcome the difficulties and hopefully try to capitalise on available opportunities through a maximum use of its resources incl the existing oil and gas reserves, its new trading relationships, and being " street wise " in a KAZ business environment. The current burden of short term loans and the need for finance to drill existing wells and market the produce efficiently, needs to be solved through a credible business plan and corporate guarantees, which provides a level of credibility and confidence to existing/potential lenders. I am sure that the new team is working towards a resolution with the Kumars', as noted in their joint agreement. I hope that current negotiations will result in successful contractual arrangements between Tethys and the parties involved. If this happens, I have no doubt that the future for Tethys could result in tangible returns for us. -My perception is that the relative risk/return ratio to my investment in Tethys reached its highest level ( possibility of bankruptcy !) when Olisol breached the IA and committed illegal acts against TPL. -When the agreement between Tethys and the Kumars' was announced the risk level fell by about 20% to 80%. -The approval of the resolutions reduced the risk further by 10% to 70%. -The news that Medgat Kumar had arranged sales of Tethys products via Altyn/Kyran reduced the risk by 10% to 60% -The announcement that Tethys commenced legal action against Olisol in Alberta provided added confidence and reduced the risk by 10% to 50% -When the contractual agreements with the lenders and the new trading relationships are announced, the risk could be reduced by 25% to 25%. A 25/75 % Risk/Return ratio should signal a hike in the TPL share price. I sincerely hope that happens !.
21/2/2017
20:31
hguess16: TI, If its any comfort, let me say that the new team with Wells and May took charge of Tethys in Nov last year after Abramov and Olisol breached the IA contract and then created havoc by trying to neutralise the Tethys operations. The new team had to contend with the loss of its only customers ICA and EGG "thanks to the Olisol tactics", no more O/D facilities and fear of bankruptcy !. In the three and half months the new team has done the following : - Found a new set of investors, The Kumars, albeit at a knock down price, who were willing to step in with their expertise and contacts plus their money, when no one else was willing to invest in an operation bereft of its only customers !. - Restored the ICA contract - Replaced EGG with a new customer - Restored the bank accounts that were frozen; Re TAG - Commenced legal proceedings against Olisol in Alberta for breach of contract and illegal acts of Olisol in KAZ. - Obtained 60% approval at the EGM to its two resolutions So, TI, while I understand your extreme frustration for the utter disappointment we have experienced during the last few years caused by events and the collapse of the TPL share price, you will, I hope, admit that the new team is making a constructive effort in order to resurrect the company. Do I think that the new team will succeed in its further efforts to restore stability ?. I bloody well hope so, based on what they have done so far !.
06/2/2017
17:02
hguess16: Naimanka " The wild card is Olisol. What happens to them and their debts " If they go arbitration, Olisol will be under the cosh as they are in breach of contract on the Investment Agreement with Tethys. So Olisol will be liable for damages for the breach as well as consequential losses !. The W/C debt of $5.8 owed by Tethys will be more than subsumed by the damages Olisol will be liable for, due to the breach of contract and its consequences. My guess is that Olisol would be wise to settle amicably for at least a sum amounting to US$25m, which incl the failure to subscribe to 181m shares,the failed O/D facility amounting to $9m and the collapse of the TPL share price following Mr Abramov's move to close the Tethys operations in KAZ.
01/2/2017
14:55
hguess16: Dorset64, Good to know you are on the mend !. While the driving ban is a bit of a bind, I bet no golf for over 6 months might affect your par score, not forgetting the pleasant walk through 18 holes, but if it helps to ensure that you can improve on it after the 6 month break, your golf mates might think that another "Federer on the golf course" has been born !. Best wishes As regards Tethys, I expect the TPL share price to move up gradually as the new team reveal its plans for solving its short term debt and funding the drilling of its shallow wells in KAZ. It takes time to finalise a solution to the short term debt issue, secure adequate funds to commence drilling shallow wells and reorganise the marketing of oil and gas products, following the betrayal of its former partner, Olisol !. I have been told that, so far, the new team are very pleased with the new relationship with the Kumars'.
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 !.
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.
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.
Tethys share price data is direct from the London Stock Exchange
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