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TPL Tethys

1.125
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tethys TPL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.125 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.125 1.125
more quote information »

Tethys TPL Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 27/4/2024 07:40 by bahamasoil
Tethys Petroleum Press Release: Annual Results and Corporate Update
NewsfileApr 26, 2024 6:12 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 26, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2023 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com.

Financial highlights

Oil and gas sales decreased by 44% to $36.5 million in 2023 from $65.5 million in 2022 due to lower production volume and lower prices. The profit for 2023 was $9.7 million compared with $12.3 million in 2022.

Operations update

Test production from the KBD-10 and KBD-11 wells commenced on April 8th, and has averaged about 340 tons per day.

Regulatory update

The Company is in the process of trying to obtain the commercial license for the production and sale of oil, and is hoping to be able receive the necessary approvals and commence production during the second quarter.

Gas Contract Negotiations

The Company is continuing to pursue a resolution with QazaqGaz in regards to payment and price for gas production. The gas fields remains shut in.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.



To view the source version of this press release, please visit hxxps://www.newsfilecorp.com/release/207106
Posted at 09/4/2024 21:16 by 1399peter
Anyway it looks like TPL shares might be getting a bit thin on the ground, with a few buys moving the price up. Who would have thought that LOL. Looks like the shakers might need to up their game. Hopefully the people holding now are well aware of all the tricks.
Posted at 05/4/2024 22:32 by tankerton
Tethys Petroleum Corporate Update
NewsfileApr 5, 2024 5:25 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 5, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan.

Regulatory update

Tethys has received the permit from the Ministry of Ecology which will allow for test oil production from the KBD-10 and KBD-11 wells. Production is scheduled to start on April 8th. Regarding the commercial license, the Ministry has not yet issued the official minutes of the Working Group, and the Company is trying to determine the reason for the delay.

Gas Marketing update

The Company has been continuing to work on a resolution with QazaqGaz over the dispute on the payment of gas produced by the Company. We have been unable to come to an agreement and gas production has been shut in. Due to the shutdown of gas production, a significant number of employees may be forced to take a temporary furlough and are at risk of permanent dismissal. Sixteen employees have been put on furlough. In an effort to reduce the number of staff laid off, Seventeen employees have been transferred from TethysAralGas to KulBas in order to assist with the oil production on KBD-10 and KBD-11.
Posted at 25/3/2024 18:59 by bahamasoil
Ukraine's success in attacking Russian oil infrastructure feeding the pipeline that takes oil to Germany, might require Kazakhstan to increase their output to make up any difference.

Might even add pressure to speed up the export licence for TPL. We can hope.
Posted at 20/3/2024 22:03 by tankerton
Tethys Petroleum Press Release: Corporate update
NewsfileMar 20, 2024 5:59 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 20, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan.

Regulatory update

On March 12, Tethys received gas flaring permits for exploratory wells from the Ministry of Energy. Subsequently, Tethys completed an application for an ecology permit, which is essential for oil production from the KBD-10 and KBD-11 wells scheduled for April. The Company hopes to receive the approval by April 5.

Regarding the commercial license, while the Working Group for the Gas Processing Program of the Ministry of Energy provided a positive review on March 1, the Ministry has not yet issued the official minutes of the Working Group, causing a delay beyond the March 15 deadline. Consequently, Tethys has initiated the process of reapplying for the ecology permit necessary for commercial production. The Company is hoping to receive the commercial license by the end of May. The oil handling and gas utilization facilities are not yet complete, but the Company expects to have them in place and operational when the commercial license is received.

Reserve report

Tethys engaged McDaniel and Associates Consultants to provide a reserve report as of December 31, 2023. This report has now been completed and was prepared in compliance with NI51-101, Standards of Disclosure for Oil and Gas Activities and the COGE Handbook. Overall, the total proved and total proved + probable reserves are up about 3.7 Mboe (8%) and 3.5 Mboe (4%) respectively. The following is a summary from the report:


2023
2022
Reserve Category Barrel of Oil Barrel of Oil

Equivalent (net Mboe)
Equivalent (net Mboe)
Total Proved Reserves 49,493
45,814
Total Proved and Probable 85,676 82,193
Total Proved, Probable, and Possible 126,454 124,534


2023

2022












Total of NPV after

Total of NPV after

taxes ($M US Dollars)

taxes ($M US Dollars)













Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 640,549 $ 383,223 $ 603,795 $ 361,274
Total Proved and Probable $ 1,190,616 $ 628,707 $ 1,174,301 $ 610,474
Total Proved, Probable, and Possible $ 1,876,916 $ 883,849 $ 1,888,997 $ 891,946​


Crude Oil NPV



Crude Oil NPV


Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 628,240 $ 373,235 $ 576,885 $ 340,032
Total Proved and Probable $ 1,166,837 $ 612,370 $ 1,130,528 $ 580,471
Total Proved, Probable, and Possible $ 1,845,856 $ 863,768 $ 1,836,017 $ 857,825



Natural Gas NPV



Natural Gas NPV


Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 12,309 $ 9,988 $ 26,910 $ 21,242
Total Proved and Probable $ 23,779 $ 16,337 $ 43,773 $ 30,003
Total Proved, Probable, and Possible $ 31,060 $ 20,081 $ 52,980 $ 34,121


The difference in the estimated reserve value on the gas fields is due to a reduction in the expected prices.
Posted at 15/3/2024 13:51 by bahamasoil
My thoughts were that they would be new shares say 5 to 10%. With the receipts used to maximise output to achieve the best trade price. Alternatively pay a dividend to the original shareholders pre NYSE listing.

Tankerton
"Can't see an issue of new shares as that would dilute the main shareholders."

As long as it was understood at the time of the auction that the money raised would add to their investment by way of Company value or would not in the case of a dividend , new investors would be able to judge their bids.
Posted at 13/3/2024 11:20 by ratfan
Lucky for me most of my money is in Bitcoin right now, the one chance we have had to front run the big boys!
In fact if we don't get an Tethys news I may have to sell my TPL and go all in on BTC!
Posted at 11/3/2024 20:11 by reidy66
Hi guys hope all is well.
Bit strange my watch list has been reading .45 for years and then TPL on above shows 1.12 ...but your saying we at 1.70..hiw can I get a correct price to be shown..
About time this got moving

PJ
Posted at 04/3/2024 22:10 by wrighty46
Lol, I was flicking between my bet builders and the share price of tpl. I ended up glued to the trades.
Posted at 04/2/2024 21:19 by ratfan
I have TPL in a Hargreaves Landsdown isa. They are still in there but you cant buy and can only sell over the phone not online.

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