Tethys Share Discussion Threads

[dr3dd] 21/3/2024 18:33

Really.........802 shares trade...........

[dr3dd] 21/3/2024 11:43

So today if the market plays fair I am looking for an 8-10% rise minimum based upon the positive news release!

[dr3dd] 21/3/2024 11:02

Good comment tankerton.

[tankerton] 21/3/2024 10:13

cutliff2,
The Chinese pipelines are now there and are fed by the KMG system. With regards to Tethys using the Chinese lines for exports to China you will be aware that there has up to now been no logistical reason to connect to this line as Tethys up to now has not had an export licence due to the fact that it does not produce in excess of 6000bpd.
However looking forward, Tethys talks with KMG on accessing their pipelines would suggest that their intention is now to go for an export licence which is why I say that production will be rapidly ramped up to more than the 6000bpd needed to qualify for the export licence.
Obviously the difference in exports prices to local prices is substantial and will be one of the drivers of the share price

[1399peter] 21/3/2024 06:40

Good news, cheers for posting Tankerton.


Dr3dd,yes the figures bely the share price. Hopefully not for much longer.

And of course some Kaz official made them reapply for a permit.

[cutliff2] 21/3/2024 01:05

Thanks for the update Tankerton.
I was looking through my dossier on Tethys and came across a name from the past JDCod.
Anyone on here remember him from around 2013 when there was talks of the Chinese and their new pipeline being the route for Tethys oil.

[fbrj] 20/3/2024 23:12

"time was" = board are...

[fbrj] 20/3/2024 23:10

I thought that overall that was pretty positive (bearing in mind where we are operating).

I just feel the time was keeping a lid on things. Once the approvals are in place ...then we can get motoring!
Continuing to hold having sold down 6-12 months ago. Still hold 140,000 shares....

[tankerton] 20/3/2024 22:53

Dr3dd,
Likewise with the expected increase in reserves, just watch how quickly production will be ramped up once they get the go ahead.
All very much expected by people on this board and backs up the theory that the mindset of the big investors has changed from trying to steal the company to trying to grow it.

[tankerton] 20/3/2024 22:39

With regards the slippage in timescales I believe them to be acceptable given the workload, timelines and the environment and country they are operating in.
The main point to take from this RNS is that a production license is still very much on the cards and that is good cause to be positive.

[dr3dd] 20/3/2024 22:35

I think we all expected this, in fact I think we commented on this....and about time eh! 👍🏼


All the major investors have their fill of extremely cheap orchestrated shares now lets see this company share price rise.

[tankerton] 20/3/2024 22:32

Dr3dd,
Personally I think the rise in reserves is just the start of a number of upgrades.
They could hardly say that reserves which had shown a large rise only to be followed by a big drop had suddenly shot up again. I think this is a case of saving face and I expect more upgrades in due course.

[dr3dd] 20/3/2024 22:14

Ok, just the usual small delays!!!! Standard but well done for keeping us informed.

Interesrting to see everything up 8-10%......I expect to see the share price rise the same! LOL


BIG NUMBERS FOR A SMALL SHARE PRICE...!

[tankerton] 20/3/2024 22:03

Tethys Petroleum Press Release: Corporate update
NewsfileMar 20, 2024 5:59 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 20, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan.

Regulatory update

On March 12, Tethys received gas flaring permits for exploratory wells from the Ministry of Energy. Subsequently, Tethys completed an application for an ecology permit, which is essential for oil production from the KBD-10 and KBD-11 wells scheduled for April. The Company hopes to receive the approval by April 5.

Regarding the commercial license, while the Working Group for the Gas Processing Program of the Ministry of Energy provided a positive review on March 1, the Ministry has not yet issued the official minutes of the Working Group, causing a delay beyond the March 15 deadline. Consequently, Tethys has initiated the process of reapplying for the ecology permit necessary for commercial production. The Company is hoping to receive the commercial license by the end of May. The oil handling and gas utilization facilities are not yet complete, but the Company expects to have them in place and operational when the commercial license is received.

Reserve report

Tethys engaged McDaniel and Associates Consultants to provide a reserve report as of December 31, 2023. This report has now been completed and was prepared in compliance with NI51-101, Standards of Disclosure for Oil and Gas Activities and the COGE Handbook. Overall, the total proved and total proved + probable reserves are up about 3.7 Mboe (8%) and 3.5 Mboe (4%) respectively. The following is a summary from the report:


2023
2022
Reserve Category Barrel of Oil Barrel of Oil

Equivalent (net Mboe)
Equivalent (net Mboe)
Total Proved Reserves 49,493
45,814
Total Proved and Probable 85,676 82,193
Total Proved, Probable, and Possible 126,454 124,534


2023

2022












Total of NPV after

Total of NPV after

taxes ($M US Dollars)

taxes ($M US Dollars)













Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 640,549 $ 383,223 $ 603,795 $ 361,274
Total Proved and Probable $ 1,190,616 $ 628,707 $ 1,174,301 $ 610,474
Total Proved, Probable, and Possible $ 1,876,916 $ 883,849 $ 1,888,997 $ 891,946​


Crude Oil NPV



Crude Oil NPV


Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 628,240 $ 373,235 $ 576,885 $ 340,032
Total Proved and Probable $ 1,166,837 $ 612,370 $ 1,130,528 $ 580,471
Total Proved, Probable, and Possible $ 1,845,856 $ 863,768 $ 1,836,017 $ 857,825



Natural Gas NPV



Natural Gas NPV


Reserve Category 0.00%
10.0%
0.00%
10.0%
Total Proved Reserves $ 12,309 $ 9,988 $ 26,910 $ 21,242
Total Proved and Probable $ 23,779 $ 16,337 $ 43,773 $ 30,003
Total Proved, Probable, and Possible $ 31,060 $ 20,081 $ 52,980 $ 34,121


The difference in the estimated reserve value on the gas fields is due to a reduction in the expected prices.

[1399peter] 20/3/2024 19:11

Very true Dr3dd,

And it's bloody depressing to think about the years this has been in the doldrums. We do however seem to be going in the right direction, although we still really need confirmation that everything is still on track.

[dr3dd] 20/3/2024 19:02

Sadly we see this, it is just a bit frustrating watching the company share price really achieve nothing for nearly a decade, based upon how the share price was previous!

The share price is only a few cents above where it was when it was valued at going bust!!!

Let us all try to explain that !

[tankerton] 20/3/2024 18:53

And a trade of 200 shares takes it up 40%
How many more times do I need to say that it is being on the TSXV that is the problem.