ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

TPL Tethys

1.125
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 1.125 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.125 GBX

Tethys (TPL) Latest News

Real-Time news about Tethys (London Stock Exchange): 0 recent articles

Tethys (TPL) Discussions and Chat

Tethys (TPL) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Tethys (TPL) Top Chat Posts

Top Posts
Posted at 22/1/2025 09:42 by fbrj
I wonder what triggered that sudden burst of activity? The volume value was significantly up too for TPL - £50k+

The TPL Stockhouse forum has nothing on it since 17th Jan. Maybe some punters seeing TPL in the top 2 risers early in the day? Maybe someone "in the know"?

Let's see what happens today. I remember the last spike to 1.75 which disappeared almost immediately!

It will be good to hear something soon from our Board - especially confirmation about the outstanding licence and even better if Kenges is appointed to the Board and there is mention of a listing on a proper exchange. If TPL becomes the Kenges listed energy vehicle - we could be in for quite a ride!
Posted at 17/1/2025 10:36 by karmicpete
"...let us see the share price rise to a stratospheric high."

Only stratospheric? Shouldn't we be aiming for the moon? :)
Posted at 16/1/2025 15:10 by dr3dd
Very good find BahamasOil, hopefully we can all see the board working as a dream team to progress the benefits of Tethys to the whole world at real world prices.

Everybody wins including the consumer.




Lets get this party started and let us see the share price rise to a stratospheric high.
Posted at 16/1/2025 10:13 by bahamasoil
I am sure whatever route is taken will need to satisfy Pope after all this time.
If funding is not an issue, it would be far easier to strengthen the BOD, agree a plan and let them deliver.

Quick check with Gemini gives this result.

In Canada, including companies listed on the Vancouver Stock Exchange (now part of the TSX Venture Exchange), there isn't one single percentage that guarantees a takeover or Management Buyout (MBO). It's a bit more nuanced than that. Here's a breakdown:

Key thresholds and considerations:

20% - Triggering a Takeover Bid: If an acquirer (or a group acting together) acquires 20% or more of a company's voting shares, they are generally required to launch a formal takeover bid. This bid must be made to all shareholders, giving them the opportunity to sell their shares.
50% + 1 - Majority Control: To actually gain control of a company and ensure the takeover is successful, the acquirer needs to secure more than 50% (50% + 1 share) of the outstanding voting shares. This gives them the majority of voting rights and the ability to elect the board of directors.
90% - Compulsory Acquisition (Squeeze-out): If the acquirer reaches 90% ownership of the shares (excluding those held by the acquirer and their affiliates), they have the right to "squeeze out" the remaining minority shareholders. This means they can force the remaining shareholders to sell their shares at the same price offered in the takeover bid.
Important Factors:

Shareholder agreements: Some companies may have shareholder agreements in place that specify different requirements for a takeover.
Voting rights: Different classes of shares may have different voting rights. It's important to consider the voting power of the shares being acquired, not just the percentage of outstanding shares.  
Board approval: In an MBO, the management team needs to secure the approval of the company's board of directors before proceeding with the buyout.
Regulatory approvals: Certain takeovers may require regulatory approvals, especially in regulated industries.

In summary:

Acquiring 20% of the voting shares generally triggers a formal takeover bid process.  
Securing more than 50% of the voting shares is necessary to gain control of the company.
Reaching 90% ownership allows the acquirer to force out remaining minority shareholders.
It's crucial to consult with legal and financial professionals for specific advice on takeover regulations and requirements in Canada, as the specifics can vary depending on the company and the circumstances of the transaction.
Posted at 15/1/2025 21:23 by dr3dd
I thought you meant the share price rise today??!!!
Posted at 04/1/2025 16:17 by tankerton
Just double checked on Sedar and what we thought was the latest news from Jan 3rd was infact a rehash of news from Dec 10th which I paste below.

NEWS RELEASE
FINCRAFT GROUP LLP ACQUIRES ORDINARY SHARES OF TETHYS PETROLEUM
LIMITED
ALMATY, KAZAKHSTAN, December 10, 2024 – Fincraft Group LLP (“FincraftR21;) announced that it has
entered into a share purchase agreement providing for the purchase of an aggregate of 8,443,398 ordinary
shares (the “Purchased Shares”) of Tethys Petroleum Limited (“Tethys”;) through a private purchase
transaction (the “Purchase̶1;). The Purchased Shares represent 7.35% of the ordinary shares outstanding.
Pursuant to the purchase agreements, the Purchased Shares will be acquired at a price of C$0.7719 per
Purchased Share, for an aggregate purchase price of C$6,518,134.39. The purchase of the Purchased Shares is
subject to certain approvals and is expected to be completed during the first quarter of 2025.
On October 11, 2024, Fincraft announced that it would acquire an aggregate of 30,959,133 ordinary shares,
representing 26.95% of the ordinary shares outstanding, pursuant to the entry of the three share purchase
agreements, of which, Fincraft has acquired 23,009,133 ordinary shares. After giving effect to the Purchase,
Fincraft will have acquired ownership or deemed beneficial ownership of an aggregate of 39,402,531 ordinary
shares, representing 34.31% of the ordinary shares outstanding. This represents an increase of approximately
7.35% from Fincraft’s securityholding percentage of the ordinary shares disclosed in the October 11, 2024
press release.
Fincraft intends to acquire the Purchased Shares for investment purposes. Fincraft may, from time to time,
acquire or dispose of ordinary shares or other securities of Tethys in the future, either on the open market, in
private transactions, pursuant to an offer to acquire outstanding securities of Tethys, through a corporate
transaction involving Tethys, through treasury issuances, exercises of convertible securities, or otherwise, in
each case, depending on a number of factors, including general market and economic conditions and other
available investment opportunities. Depending on market, economic and industry conditions, the business and
financial condition of Tethys, and other relevant factors, Fincraft may develop other plans or intentions in the
future relating to Tethys.
The Purchase will be completed from one seller in reliance on the private agreement exemption available under
section 4.2(1) of National Instrument 62-104 Take-Over Bids and Issuer Bids.
Tethys’ head office is located at 802 West Bay Road, Grand Cayman, KY1-1205, Cayman Islands.
This news release is issued under the early warning provisions of applicable Canadian securities legislation. A
copy of the early warning report filed in connection with the investment will be available on Tethys’ profile
on SEDAR+ at www.sedarplus.ca or may be obtained by contacting Timur Seilov at +7 (727) 355-0151.
About Fincraft
Fincraft is a diversified holding company founded in 2014 and led by Kenges Rakishev. The Group operates
in five key segments: oil & gas, mining & processing of metals, educational services, distressed asset
management, and other activities. Fincraft is headquartered at Dostyk Avenue 300/26, Almaty, Kazakhstan
Posted at 11/12/2024 13:09 by daz21
Are these distressed sellers selling the stock as I would expect the price to be greater than 0.77c if Fincraft where an aggressive buyer or is 0.77 the correct share price for the company today.

Also only 2.5 weeks left in the month, where is the licence for 2025 or are we shutting down again
Posted at 07/12/2024 23:45 by wrighty46
Licence before year end? Re dilution, I can't see it being anywhere near these levels, the big holders aren't going to dilute themselves surely? It would imo only happen if and when the share price is at many many multiples of today's price. And if they want quick money for drilling, expansion etc once we get the licence forward selling of our oil would be an option. Licence next week please. GLA
Posted at 30/11/2024 23:47 by tankerton
Atomaton.
That is true up to a point.
I have repeatedly said how easy it is to manipulate the share price on this matched bargain exchange but to be successful you need to have no liquidity and a negative sentiment. With a change of sentiment and greater liquidity it is much harder to control the price.
You only have to read the comments here with most just wanting out but what happens post licence with production and revenues rising, the dividends reinstated and deals being done when many will want in.
Add that to possible stake building by Fincraft and it will be impossible to control the upward momentum.
Posted at 27/11/2024 14:19 by dr3dd
Very interesting comment from Stockhouse by...Kyrgyzgold





RE:New Press Release - Tethys Petroleum Interim Results and Corporate Update
Oil sales from these three wells alone should deliver revenue of ~$30 million per annum:

"On November 18, 2024 the Group received the Ecology permit for oil production at Kul-Bas. This permit is valid through December 31, 2024 and allows production to commence from wells KBD02, KBD-06, and KBD-07. (...) During the preparatory period, production from these three wells is expected to reach a daily rate of approximately 400-500 tons."

"The Group has recently negotiated oil sales contracts with three buyers and received prepayments in advance of the commencement of production for 11,000 tons of oil at prices of $212-215 per metric ton."


HUGE NUMBERS and the share price is this price!!!! ;-0
Tethys share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock