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| 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 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 | 1.125 |
| Top Posts |
|---|
Posted at 13/1/2025 17:12 by 1399peter TankertonYou obviously do understand my logic as you refer to it in your next paragraph. "Peter, if it were the Tethys management then I could understand your logic" he is not a man for hanging about and we should see a marked improvement in the price. The thing Tethys have lacked over the years is clear leadership by someone with skin in the oil industry. I have said this previously. That Bill and his team are not oil men. They are a team of investors who have undoubtedly tried their best given the circumstances they have found themselves in. I do not doubt that they are honourable people but they have not until now courted the right people to help Tethys progress. Ok the situation has changed dramatically in central Asia and it now looks like their time to shine which has helped find Kenges. 1) Do I feel that Tethys management have been inaffective over the last 8yrs. I think the last 8yrs progress answers that question. 2) Do I feel that Bill has been let down by his team. I think he probably has 3) do I think Kenges will make Tethys great again. I certainly bloody hope so. |
Posted at 03/1/2025 20:26 by dr3dd Kenes Rakishev acquires additional 7.35% of Tethys Petroleum, bets on greenNews January 3, 2025 Kenes Rakishev in his office Fincraft Group LLP, led by Kenes Rakishev, has announced a share purchase agreement to acquire 8,443,398 ordinary shares of Tethys Petroleum Limited, representing 7.35% of the outstanding shares. The purchase, valued at C$0.7719 per share for a total of C$6,518,134.39, is subject to certain approvals and is expected to be completed in the first quarter of 2025. Previously, on October 11, 2024, Fincraft, under Kenes Rakishev’s leadership, announced the acquisition of 30,959,133 ordinary shares, which is approximately 26.95% of Tethys’ outstanding shares. With this latest purchase, Fincraft will hold a total of 39,402,531 shares, representing 34.31% of Tethys’ outstanding shares, an increase of about 7.35% from the previous holding. Kenes Rakishev’s Fincraft Group intends to acquire these shares for investment purposes and may continue to acquire or dispose of Tethys’ securities in the future based on market, economic, and industry conditions. The purchase will be completed under the private agreement exemption available under section 4.2(1) of National Instrument 62-104 Take-Over Bids and Issuer Bids. Tethys Petroleum secures important contracts Tethys Petroleum Limited is an oil and gas exploration and production company with a primary focus on Central Asia, particularly in Kazakhstan and the Caspian Region. The company derives its name from the Tethys Ocean, which covered Central Asia and surrounding areas approximately 250 million years ago. This ancient ocean’s closure led to the formation of mountain chains and the creation of several major oil and gas fields in the region. Tethys Petroleum has a portfolio of assets, including existing oil and gas production in Kazakhstan. The company is involved in various projects such as the Kyzyloi and Akkulka gas development projects, where they have been working on expanding production and developing new wells. For instance, in the Kyzyloi/Akkulka Phase 2 gas development project, Tethys has been tying in new wells to their gas export system and expanding compressor facilities to increase production volumes. In addition to its operations in Kazakhstan, Tethys Petroleum has also been active in Tajikistan. Here, the company has been engaged in rehabilitation and workover activities aimed at increasing gas and oil production. This includes work on the Komsomolsk gas field and the Beshtentak oil and gas field, where they are using new equipment and techniques to enhance production. Tethys Petroleum is a public company listed on the TSX Venture Exchange (TSXV) and also on the Kazakhstan Stock Exchange (KASE). Kenes Rakishev’s company, Fincraft group broadens investment in it by acquiring the shares. Recently, the company has made significant progress in obtaining necessary regulatory approvals. Tethys has received a critical gas flaring permit for its Kazakhstan operations and is awaiting the final Ecology permit, expected by November 18, 2024, which will enable oil production from wells KBD #2, KBD #6, and KBD #7. The company is also working with the Ministry of Energy to secure a Production Contract that would extend the Kul Bas oil field’s production period until July 2048 and grant oil export rights. Tethys Petroleum is actively engaged in oil and gas exploration and production activities in a highly prolific region, with ongoing efforts to expand production, secure regulatory approvals, and enhance its operational capabilities. Why Kenes Rakishev shows interest in Tethys Petroleum? Kenes Rakishev, a prominent entrepreneur and investor, is the chairman of Fincraft Group, a privately-owned holding company based in Kazakhstan. With over 20 years of experience in private business, Rakishev has built a diverse investment portfolio that spans several key sectors. Kenes Rakishev’s Fincraft Group focuses on investments both within Kazakhstan and internationally. The company has significant holdings in mining companies, such as Kaznickel, which is rich in nickel and cobalt deposits crucial for renewable energy technologies. Fincraft is also involved in oil and gas production, including recent acquisitions in companies like Equus Petroleum Limited, Nomad West Oil LLP, and Beineu Petroleum Ltd, all operating in Kazakhstan. In addition to natural resources, Fincraft Group has ventures in refinery trading, education through private schools, and financial services, including ownership of a significant financial institute and a brokerage company. Kenes Rakishev’s investment strategy emphasizes long-term growth and diversification, particularly highlighting the opportunities in Kazakhstan’s rich natural resources, transportation, and logistics sectors. Kenes Rakishev has also made notable investments in other areas, such as his involvement with Central Asia Metals Plc and Petropavlovsk PLC, where he played an activist investor role and significantly increased the companies’ values during his tenure. Recently, he acquired a 26.95% stake in Tethys Petroleum Limited, an oil and gas exploration company focused on Central Asia, further expanding Fincraft Group’s presence in the energy sector. Kenes Rakishev takes an active stance in Kazakhstan’s economic and social development Kenges Rakishev, a prominent investor and entrepreneur from Kazakhstan, is deeply committed to social responsibility, evident through his extensive philanthropic endeavors and charitable initiatives. One of his most significant contributions is the co-founding of the Saby Charitable Foundation in 2002, along with his wife Aselle Tasmagambetova. The Saby Foundation is one of Kazakhstan’s first and largest private charity organizations, focusing on large-scale socially significant projects in the medical, educational, and sports fields. The Saby Foundation has implemented a wide range of programs, including Orkendeu, which aims to improve conditions for children in social care, Sport-Health Achievements to promote sports and health, and the Youth Program to support abandoned and orphaned children. Other initiatives include “A Decent Life for Disabled People” to increase public space accessibility, “Give Life to Children” as a digital campaign for sick children, and “The Medical Project” to upgrade Kazakhstan’s medical system through hospital and medical facility construction. The foundation has also provided substantial support during the COVID-19 pandemic, including the provision of medical equipment, masks, and disinfectants to medical institutions and financial assistance to various charitable foundations and families in need. In 2020, Rakishev and his wife established the Shoqan Walikhanov School in Almaty, a non-profit institution that combines traditional academic methods with modern infrastructure and contemporary teaching techniques, educating over 1,300 students. The school is part of their broader educational initiative, which includes a recent scholarship program offering full scholarships to Shoqan School students accepted into the world’s top ten universities, as rated by the Times Higher Education World University Rankings. This program aims to motivate a new generation of Kazakhs to become leading members of the international community and to bring innovative ideas back to Kazakhstan. Kenes Rakishev’s commitment to education is further underscored by the Saby Foundation’s Alem Program, which supports young talents by providing them with resources to develop their skills. The foundation also operates a mentoring program where local students are coached by Kazakhstan’s leaders, including Rakishev himself, and receive grants for studying at top-tier global universities, international internships, and personalized career guidance. In addition to education, Kenes Rakishev and his wife are involved in environmental projects through the Central Asian Institute for Ecological Research (CAIER) and the Center for Research and Rehabilitation of the Caspian Seal, both founded by Aselle Tasmagambetova. These initiatives highlight their commitment to social and environmental welfare in Kazakhstan, including research expeditions and conservation efforts for the Caspian seal. Kenes Rakishev has also played a significant role in sports development in Kazakhstan. He has held positions such as the presidency of the Kazakhstan Boxing Federation and the Kazakhstan Judo Federation, and has been a member of the Board of Trustees of the Kazakhstan Chess Federation. These roles reflect his dedication to promoting sports and health achievements among the youth and broader community. Kenes Rakishev’s philanthropic work is characterized by a comprehensive approach to education, health, sports, and environmental welfare, making a profound impact on the lives of many in Kazakhstan. His commitment to social responsibility is evident in the wide range of initiatives and programs he and his wife have established and supported through the Saby Foundation and other ventures. Fincraft is Kenes Rakishev main investment vehicle Fincraft Group’s financial reliability is underscored by its stable growth, with total assets valued at 245.3 billion tenge and equity capital of 83.8 billion tenge. The company has issued several bond issues, demonstrating its financial discipline and transparency. Kenes Rakishev’s leadership and vision have been instrumental in Fincraft Group’s success, making him one of the top 50 richest and most influential businessmen in Kazakhstan according to Forbes. His strategic investments and commitment to growth position Fincraft Group as a major player in Kazakhstan’s economy and beyond. |
Posted at 19/12/2024 22:09 by bahamasoil This is an extract from the 2017 Management Report.I remember reading that Tethys Total Reserves had been adjusted and that these figures no longer applied. Is anybody on the BB aware of the history and can guide us as to the true and current reserve estimates. Thanks. Report of Management and Directors on Oil and Gas Disclosure in Form 51 - 101F3 Disclosure of Reserves Data Kazakhstan The reserves data summarise the crude oil and natural gas reserves of the Company and the net present values of future net revenue for these reserves using forecast prices and costs. The reserves data set forth complies with the requirements of NI 51-101. The Company has included additionalinformatio In preparing the Gustavson Reserves Report, basic information was obtained from Tethys, which included land data, well information, geological information, production data, estimates of on-stream dates, contract information, current hydrocarbon product prices, operating cost data, capital budget forecasts, financial data and future operating plans. Other engineering, geological or economic data required to conduct the evaluations and upon which the Gustavson Reserves Report are based was obtained from public records, other operators and from Gustavson non-confidential files. The extent and character of ownership and the accuracy of all factual data supplied for the independent evaluation, from all sources, was accepted by Gustavson as represented. Estimated future net revenue based on the Gustavson Reserves Report is presented in USD (note: oil and gas sales and qualifying expenditure are subject to VAT at 12% in Kazakhstan; however, these are outside the scope of the NI 51-101 evaluation). All evaluations and reviews of future net cash flow are stated prior to any provision for interest costs or general and administrative costs (other than Kazakhstan-related general and administrative costs) and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. It should not be assumed that the estimated future net cash flow shown below is representative of the fair market value of the Company’s properties. There is no assurance that such price and cost assumptions will be attained and variances could be material. The recovery and reserve estimates of crude oil and natural gas reserves provided herein are estimates only and there is no guarantee that the 30 estimated reserves will be recovered. Actual crude oil and natural gas reserves may be greater than or less than the estimates provided herein. Throughout the following summary tables differences may arise due to rounding. Summary of Oil and Natural Gas Reserves (1) As of December 31, 2016 Forecast Prices and Costs Light and Medium Crude Oil Natural Gas Total Reserves Category Gross (Mbbl) Net (Mbbl) Gross (Bcf) Net (Bcf) Gross (MBoe) Net (MBoe) KAZAKHSTAN Proved Developed Producing 2,433 Developed Non-Producing 2,041 Undeveloped 6,743 Total Proved 11,217 Probable 9,852 Total Proved Plus Probable 21,069 Possible 13,749 Total Proved Plus Probable Plus Possible 34,817 Notes: (1) Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. |
Posted at 16/12/2024 06:04 by 1399peter 💡 perhaps! They've already found it.Tethys basically seismic surveyed the vast majority of Bokhtar oil&gas field. I believe they handed all of that info over to Total, not sure. Just a bit of speculation on my part. But if Tethys haven't found something in Kaz then Taj could well be what's on our new investors radar. |
Posted at 12/12/2024 21:47 by tankerton Peter, in days gone by chat boards were used by fellow investors to share information for the benefit of everyone. I have been involved with Tethys for a very long time and probably longer than anyone here so I don't need to be constantly informed about all the pain and frustrations of the past because I along with everyone here have lived through it and know full well, probably more than anyone here, just how close Tethys came to going bust.I could be like others and just bang on about the past but I deal in information and that is pointing to a good and possibly very good future for Tethys. It is that future that I feel is worthy of discussion and while I acknowledge the past I see no point in filling this board with negativity when things are looking much more positive. If people just want to use this board to moan and vent their frustrations then they can do it without my input. And in a final note to the sick troll who has been voting down my every post, you don't need to keep searching my profile every five minutes anymore to vote down my posts because those of tankerton stops here. I will now concentrate on my other investments under a new name so the troll can't follow. |
Posted at 12/12/2024 21:19 by 1399peter Tankerton,The guys are right, we've been up and down (more down) so many times now it's hard to believe that anyone has Tethys or it's smaller investors best interest at heart. So we are all entitled to a good old moan and let off some steam about how long we've all been here, WAITING. |
Posted at 11/12/2024 22:03 by atomaton "It does make you wonder about the politics involved in getting the other investors to sell."Indeed it does. Fincraft seem to have all the cards at the moment, will Pope get bent over a barrel in this process. |
Posted at 19/11/2024 12:45 by tankerton The main thing to take from yesterday's news is that we will now be producing from production wells as opposed to test wells.I would expect a response from the market if only a muted one because it is another step towards the production licence being signed off. There is just a couple of things investors need to be patient with though. Firstly the ecology permit is only up until the end of 2024 although there can be little doubt that the 2025 permit will be approved. Secondly, production will be at test levels until the production licence is signed. The big uplift with the share price will come with the signing of the production licence for three reasons. Firstly there will be no restrictions on oil production, secondly they will be able to export the oil and receive export prices, thirdly they are likely to attract the attention of a bidder. The gears may be turning but Tethys are not yet firing on all cylinders so investors need to be patient for just a little while longer but it will happen and the rewards should be good. |
Posted at 10/11/2024 21:44 by tankerton Dr3dd.If you look at the new investors CV it is clear that he is a man of great influence within Kazakhstan and beyond. He already has his fingers in quite a few pies and as such he could invest his money anywhere he wants. The question therefore is why has he chosen Tethys which you could arguably say had an uncertain future at one point. Could it be that the new investor had some influence on the progression of the production licence and if so what are his plans for Tethys. One thing we can be sure of is that this investor does not invest in duds. Interesting times ahead. |
Posted at 10/11/2024 12:38 by tankerton One of the things I would love to know would be the politics of all this. Is it really just coincidence that we've had a sudden move forward in the signing of the production licence just days after the transfer of a major stake to a new investor. We will probably never know because I don't think the company even knows. Has the production licence progressed because of a major investors exit or was it because of the new investor buying in. We will never know but it's interesting because if the new investor has facilitated the movement towards the signing of the licence then one wonders what other doors they can open. |
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