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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% 1.125p 0.00p 0.00p - - - 0 06:42:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.0 -46.3 -14.9 - 3.79

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DateSubject
21/4/2017
20:03
hguess16: TPL Share Price Anomaly !!. I see that the current TPL share price at 1.25p is trading at a level even below the price the Kumars paid for their shares, and PAM, who converted debt to equity. They both paid/converted at 1.27p ( 1.593 cents). This is clearly a significant undervaluation and I wonder how long this anomaly will continue in the market. Investors seem to have ignored the 29/3 Tethys RNS re drilling 12 more wells,the mini compressor enhancement and the rescheduling of the Khan Energy Loan !!. Is this anomaly attributable to the impending delisting from the LSE ?. Will this anomaly be corrected after delisting in early May ?. Seems that some UK investors have/are throwing in the towel !. What a pity !!.
20/4/2017
09:54
benandemmiboo: The TETHF price never corresponds directly to the TPL price. Have always felt one entity (hopefully not POPE) controls the BID and ASK there. I've stopped buying or selling (and have been taking out loans instead -- why poor folk should not be overweight this stock), but when I did, there were many times the trade never even showed on TETHF as having occurred (and only eventually on LSE or TMX, and then at prices which reflected that currency's BID or ASK price, but not the price I paid or sold the shares). Am assuming the entity who controls the TETHF BID and ASK also might short some shares (as Google Finance sometimes mentions TETHF has more or less shares shorted each month -- this for a stock which officially trades 267 per day on average). If they are able to drop the price an extra 30-40 percent lower than actual TPL price, and then make sure any future trades do not affect/show up on TETHF, then close the short, then I guess they have a good scheme going on. Anyway, I hate TETHF. It might be in the long run worth money to me to figure out a way to trade directly on the Canadian market too.
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'.
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 !.
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.
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