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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tethys | TPL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 |
| Top Posts |
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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 14/11/2024 11:33 by dr3dd The board need to get their one man band press team up and running and pronto to promote the hopeful fantastic news to the world. FFSMaybe the new major investor has a team of successful hard working, career driven employees that actually want to promote their investments for higher returns, you know a bit like how a professional high profile oil and gas exploration company would do!!!!!!!!!!!!! 🙄🙄&# |
Posted at 14/11/2024 10:03 by 1399peter Dr3ddLol, 🤣. It'll go to the wire as usual, you know it. It would be nice to see things change, regarding punctuality now that we have our new investor. We can only keep em crossed. |
Posted at 13/11/2024 13:21 by dr3dd 2 days before Friday (Tethys go to day for news releases) BUT maybe they will break the mould as Monday is when in theory if the new major investor has anything to do with it we will all get a bit of new which will be TRANSFORMATIONAL in a positive way!About time eh. |
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. |
Posted at 08/11/2024 23:39 by dr3dd Meanwhile for our fellow investors, this is what was happening back in 2013................Tethys Petroleum’s Kazakhstan operations update Oilfield Technology, Thursday, 12 December 2013 13:00 Exploration wells The AKD08 ("Doto") exploration well has reached a total depth of 3556 m and electric logs have been run to TD in the 8 ½ in. hole section. As was previously announced, hydrocarbon indications have been observed in both the Cretaceous and Jurassic sections whilst drilling and from the wireline logs. The well has now been cemented off at the lower Triassic level and the well is being prepared for a testing program on both the Jurassic and on the Cretaceous intervals. Testing of the first zone is expected to take place by the end of December once appropriate Kazakh regulatory approvals have been received. The deeper Triassic section will not be tested as only low permeability zones were encountered. The AKD09 ("Dexa") exploration well has reached a total depth of 2452 m and electric logs have been run. The primary exploration target of the well, the Cretaceous "Doris" channel sandstone, does not appear to be hydrocarbon bearing at this location. The well was targeted at this level to evaluate the potential upside of the Doris field in the area to the north-east of the field. The well is now being prepared to drill a semi-horizontal Doris development well in the Jurassic Limestone sequence close to the Doris field discovery AKD01 well which tested 1373 bpd of 46°API oil from this sequence. The AKD01 well has not to date been commercially produced from the Jurassic as it is currently producing from the Cretaceous sand and therefore this area of the reservoir will be unswept. The AKD09H well will provide a longer production interval in this fractured reservoir sequence using an approach which is commonly used in such zones. A successful cementing procedure has been carried out on the KBD01 ("Kalypso") well and a comprehensive stimulation and subsequent testing programme, to be conducted primarily by Schlumberger, will commence mid-December, initially on the Permo-Carboniferous interval. The testing programme will involve acid-fracture stimulation of the carbonate interval approximately 4100 m below the surface and will take up to one month to complete. Electric logs run over this section and drilling data indicated more than 100 m of gross potential hydrocarbon bearing zones. Further exploration The initial results of the additional seismic acquired in the summer of 2013 are very promising and the first interpretation indicates a prospect in the Kul-Bas Exploration and Production Contract area to the west of the Akkulka Exploration Contract Area (to be named "Klymene"), with the potential to be an order of magnitude bigger than the Doris oil discovery and surrounding prospects (the geographical area of the prospect is up to ten times the areal extent of the Doris oilfield). It appears to have good four-way structural closure and positive indications on the newly interpreted seismic. Prospective Resources to NI 51-101 standards are being independently prepared with further information expected to be provided early next year. It is expected to spud this new well in the first half of 2014. Shallow gas drilling program Currently the tied in gas wells on Kyzyloi and Akkulka can produce approximately 360 000 m3/d (13 million ft3/d). At the current gas price (recently doubled in price to net US$ 65/1000 m3) this production generates approximately US$ 8.3 million/yr in revenue. The forward gas programme has two aspects: those wells that have been previously drilled and tested that will be tied in and new shallow gas wells with up to 10 new wells planned for 2014. Previously drilled and tested wells will be brought on stream over the next 12 months, at different stages dependent on their particular location and contract status. The AKK14 well was drilled in 2008 and tested at 195 000 m3/d (6.9 million ft3/d) in the Tasaran horizon. This gas well has been approved and incorporated under the Akkulka production contract. It will be worked over and brought on production in January 2014 and is already tied into the pipeline system. The AKK05 well was drilled in 2005 and tested at 223 000 m3/d (7.9 million ft3/d). This will be worked over in February 2014 whereupon it can be produced for 90 days test production. It is expected that it will be approved and incorporated under the Kyzyloi production contract by Q3, 2014 whereupon it can be placed on permanent production, also already being tied into the infrastructure. The AKK15 and AKK16 wells were drilled in 2008 and tested at 195 000 m3/d (6.9 million ft3/d) and 289 000 m3/d (10.2 million ft3/d) respectively. Additional wells will be drilled in proximity to AKK15 and AKK16 next year and these pipelines will be laid and tied into the optimised infrastructure. In addition to these tie-ins of already discovered gas accumulations, a comprehensive shallow gas drilling program will be carried out in 2014 to drill up to 10 new shallow gas wells. The initial well locations have been chosen with further targets to be identified close to the gas pipeline after the interpretation of 3D seismic data. These wells are targeting gas at 600 - 800 m at the deeper, higher pressured Tasaran sand level that tested strongly on the AKK14 and AKK15 wells, as currently the production is exclusively from the shallower Kyzyloi stratigraphic level. On the previous drilling campaign, 11 out of 13 shallow gas wells were successful and the subsequent seismic acquired (including 3D) is of better quality. This programme would be expected to significantly increase gas production. Bozoi-Shymkent-China gas pipeline The recently completed Bozoi-Shymkent-China gas pipeline means that for the first time Tethys has two gas pipelines into which it can sell its gas; the pipeline taking gas to China, and the existing Bukhara Urals trunkline that transports gas from Central Asia into Russia and on to Europe. Currently the Chinese pipeline is only taking domestic gas within Kazakhstan to Shymkent but in 2015, gas sales to China will commence. Tethys' strategy is to carry out the comprehensive outlined program in 2014 in order to complete all work and have all government permissions to commence selling into the Kazakhstan-China pipeline by year-end 2014 when it expects to achieve a significantly higher net price than the current net price of US$ 65/1000 m3. Tethys believes that currently Chinese buyers are buying gas from Central Asia at much higher prices than this and Tethys expects the price it receives to rise again at that time. Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region with activities currently in the Republics of Kazakhstan, Tajikistan, Uzbekistan and most recently is now moving into Georgia. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. |
Posted at 07/11/2024 15:05 by dr3dd Looks as though the message is at last getting out there......Up 1.50 CAD up 24%cents in comparison to where it should be thank you to Bill Wells and thee team as well as no doubt the new investor. Everything is now aligned for a long rise to true value. |
Posted at 15/10/2024 21:30 by dr3dd Everybody who posted after mine.......thank you......interestingBy the way Tankerton why did you have a mark down on your comment when it was helpful or informative to your fellow investors??? |
Posted at 26/4/2024 02:53 by 1399peter Yes it's been an absolute dire performance. Makes you wonder if pope actually has any other investors.Wtf have the likes of jaka, Olisol and bro's actually been doing all of these years to help things along. FA I would say. I do hope Eurasian Gaz has a decent offer on the table. For all of it, not just a controlling stake. |
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