Tethys Share Discussion Threads

[tankerton] 01/2/2025 10:31

Kazakh oil price stands at $79.87 per barrel, exceeding Brent
The price of Kazakh oil has reached $79.87 per barrel, while Brent crude oil has been declining for five consecutive days. Since Jan. 24, its price on the London International Exchange (ICE Futures) has dropped from $78.85 to $75.42 per barrel as of 12 p.m. Astana time.

[1399peter] 31/1/2025 14:26

Lol and then he joined another circus 😂

[cutliff2] 31/1/2025 13:07

Didn't John Major run away from the circus to become an accountant 😀

[dr3dd] 31/1/2025 12:53

And sometimes when you cant earn enough money investing in Tethys shares ya gotta turn to music for its sedative qualities! ;-0

[zangdook] 31/1/2025 12:45

Sometimes musicians can't earn a living so when they quit they go straight to the money.

[karmicpete] 31/1/2025 12:02

Music school to accountancy. Strange career path. :)

[bahamasoil] 30/1/2025 14:25

A bit more detail about Fincraft oil assets
Not clear how close these fields are to Tethys assets, but bringing them all together under one listed Company in the west makes a lot of sense although opinions on valuations will then come into play.

[tankerton] 29/1/2025 21:03

Well it rules out a takeover if all he is raising is 10 million.

[dr3dd] 29/1/2025 18:36

Thank you Karmicpete.

[karmicpete] 29/1/2025 17:46

I'll DM a screenshot Dr3dd

[dr3dd] 29/1/2025 17:00

Has anybody got any level 2 info at the moment? TIA

[cutliff2] 29/1/2025 16:09

At least the price doesn't seem to be having large movements which shows a degree of calm which is good.
Thanks for the info Tankerton,it's very much appreciated by all on here.
Maybe get the licence on the year anniversary of applying in February 🤞

[1399peter] 29/1/2025 15:57

Use of proceeds description,

1) To pay the wages 😂

[dr3dd] 29/1/2025 11:21

It is a shame that the management of Tethys Petroleum are not providing us with such up to date news flow. I think we are all still waiting on facts that we all found out a year ago to be presented by the Board to the public.

[fbrj] 29/1/2025 10:37

Tankerton - thanks for the newsflow!

[dr3dd] 29/1/2025 08:25

"Use of proceeds description:

The funds received from the placement of Bonds of this issue are planned to be used to refinance the Issuer`s obligations and to finance the Issuer`s projects in the oil and gas, oil refining and mining industries, and to replenish working capital."

[dr3dd] 29/1/2025 08:21

More interesting info from tankerton. Appreciated.


This is the info on Kase referring to the bonds:



Bonds KZ2P00013170 (NCOMb5) of Fincraft Group passed listing procedure on KASE in "commercial bonds" category of main market


28.01.25 16:34
/KASE, January 28, 2025/ – On January 28, 2025 the Management Board of
Kazakhstan Stock Exchange (KASE) decided to include bonds KZ2P00013170
($100, $10.0 mln; 360 days; semi-annual coupon, 11.00 % APR, 30/360) of
Fincraft Group LLP (Almaty) in the "commercial bonds" category of KASE
official list's main market.

The effective date of this decision of the Management Board will be announced
later.

The opening of trading in these bonds on KASE will also be announced later.

The indicated bonds have been assigned the abbreviation (ticker) NCOMb5.

More detailed information about this bond issue will be published on KASE's
Internet resource after this decision of the Management Board comes into
effect.

[2025-01-28]

[tankerton] 29/1/2025 08:03

Meanwhile, following on from what I was saying about the ending of subsidized energy prices and oil by products, this has now started and will be of direct benefit to Tethys.

[tankerton] 29/1/2025 07:49

Also for information only. Fincraft are raising money at the moment by issuing bonds. Does that mean a takeover of Tethys is coming?
While it's always a possibility, I don't think it's something to concern shareholders as the price is still way to cheap to be of interest to Bill but it is something to be mindful of.

[tankerton] 28/1/2025 21:28

For information only.

[tankerton] 28/1/2025 21:09

Dr3dd, a move to a proper exchange will only happen after the license is signed as the current revenues do not warrant the costs.