Tethys Share Discussion Threads

[dr3dd] 21/12/2024 13:56

Well let us see what todays trading brings eh......LOL

[1399peter] 21/12/2024 06:32

As I mentioned previously. Tethys seemed to be firmly in Popes bottom draw. Not going anywhere for years and years, in fact going backwards. They were waiting for this moment by the looks of things. Someone coming along to grab it by the scruff of the neck. Now it's anyone's guess as to how much they allow this guy to get away with. Because I would imagine he knows full well they've just been sitting on this. Just doing enough to maintain the listing. It's his for the taking imo

[1399peter] 20/12/2024 08:54

I mean if they ever got to pumping 30k boe a day, the reserves would last 3yrs

[1399peter] 20/12/2024 05:15

Bahamas,

All I know is, we went from having 3billion boe in the ground with a possible recovery of around 400m to 600m to the figure at the end of your post. I thought it was a bit more than that but hey! I really have no clue what is accurate. I just think it's a very low figure when applying for an export license.

[bahamasoil] 19/12/2024 22:09

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 additionalinformation not required by NI 51-101 which the Company believes to be pertinent to investors and to provide continuity with earlier disclosure. Gustavson was engaged by the Company to provide evaluations of proved, probable and possible crude oil and natural gas reserves.
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.

[1399peter] 19/12/2024 21:35

So we'll have some more passing the shares around between themselves to look forward too over the coming months 💤😴

[1399peter] 18/12/2024 09:40

Obviously that would be nice j4ckster. We will see

[j4ckster] 18/12/2024 09:01

Peter, a few months of the same?😫
I was hoping for news before the 31st🤞

"pleased to announce that it has received the Ecology permit for oil production at Kulbas. This permit is valid through December 31, 2024"

[1399peter] 16/12/2024 06:04

💡 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.

[1399peter] 13/12/2024 21:13

. deleted, as the ole boy might not appreciate my sense of humour 😂

[1399peter] 13/12/2024 21:05

Obviously this is pure speculation on my part. But remember Kuwait became stupidly wealthy 🤑 because of a massive find in the gulf. 300billion boe.

I'm not thinking Tethys have necessarily found anything that huge. But what if they have found something with the potential to make them worth $billions.

Why is a Forbes500 company suddenly interested in grabbing some of Tethys. 🤔

[dr3dd] 13/12/2024 20:58

Ah, that reminds me that I need to sell 300 shares!...........dirty cxnts!

[1399peter] 13/12/2024 20:44

Yeah probably fbrj.

Your comment on the larger holders giving up so easily if Tethys future was so bright, why. I thought Was a good question.

Could it be a kind of Kaz nationisation. Bringing in one of their own to take a bigger chunk of Tethys. And why. Is it because Tethys have found something huge.

I mean according to Tethys reserve estimates they only have about 100m boe. Not much when applying for an export license. All seems a bit weird why there's been such a big power play for Tethys and I don't mean just now. It's been going on for years as we all know.

Hopefully it'll all become clearer over the coming months

[fbrj] 13/12/2024 20:03

1399Peter - "But when it does wizz past $10 on its way into the hundreds...."

Are you sure you are not on the banana rum already?

[1399peter] 13/12/2024 18:38

Yeah it's a shame that we're potentially looking at another few months. And as we all know that could easily extend into 6 months.
I seriously wouldn't expect anyone to get happy clappy over what we know so far.

[cutliff2] 13/12/2024 17:29

Hopefully your can of lager Peter will not be like Trigger's broom
Its the original but has had 10 different Best Before End dates 😢

[1399peter] 13/12/2024 17:09

Cutliff,

We're probably looking at Feb/March now. But when it does wizz past $10 on its way into the hundreds I'll crack open that can of Heineken. Followed by a nice banana rum.