Tethys Share Discussion Threads

[tankerton] 06/4/2024 08:20

ratfan,
It's a matched bargain exchange so price, volumes and ease of trading is dependent on the order book on the day. If it's a high volume day then you will be ok but if you try to sell on a day when only a handful of shares are traded then you are going to get shafted.
In my opinion the potential upside is worth the present frustration.

[ratfan] 06/4/2024 07:16

Has anyone sold any of these recently and how easy/ ehat sort of volume/price?
I dont think i csn hang about waiting for Kazakhstan pen pushers too much longer! 🙄

[1399peter] 05/4/2024 22:45

Some good news tainted with the obvious interference of QazaqGas in the issue of the minutes which holds up the commercial license. The old Kaz Oligarchs don't like it up em.

[bahamasoil] 05/4/2024 22:44

Tankerton thanks for the heads up

[tankerton] 05/4/2024 22:32

Tethys Petroleum Corporate Update
NewsfileApr 5, 2024 5:25 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 5, 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

Tethys has received the permit from the Ministry of Ecology which will allow for test oil production from the KBD-10 and KBD-11 wells. Production is scheduled to start on April 8th. Regarding the commercial license, the Ministry has not yet issued the official minutes of the Working Group, and the Company is trying to determine the reason for the delay.

Gas Marketing update

The Company has been continuing to work on a resolution with QazaqGaz over the dispute on the payment of gas produced by the Company. We have been unable to come to an agreement and gas production has been shut in. Due to the shutdown of gas production, a significant number of employees may be forced to take a temporary furlough and are at risk of permanent dismissal. Sixteen employees have been put on furlough. In an effort to reduce the number of staff laid off, Seventeen employees have been transferred from TethysAralGas to KulBas in order to assist with the oil production on KBD-10 and KBD-11.

[dr3dd] 04/4/2024 23:56

STANDARD TETHYS AND THEIR MANAGEMENT ACHIEVING WHAT THEY HAVE DONE FOR THE PAST SEVERAL YEARS TO EFFECT THE SHARE PRICE POSITIVELY.............

[rogsim] 03/4/2024 12:33

Looks like Borat was right about KZ?

[1399peter] 03/4/2024 12:18

LOL, I expect that's ULEZ free. I might order one myself

[dr3dd] 03/4/2024 10:29

1399Peter, but these run every 2 months.............probably delivering Tethys Petroleums letters and contracts to the head office!!!!!!!!

[1399peter] 02/4/2024 20:00

It's a difficult place to be invested, granted. I'm not totally convinced that we won't see further delays But I'm quietly confident we are now on the right track. Unfortunately it won't be the bullet train. They don't run in Kaz.

[1399peter] 01/4/2024 20:30

My alarm is on snooze for a couple of months. Hopefully it might actually get a bit more exciting after that.

[1399peter] 30/3/2024 19:12

Lets hope we're all raising a glass to everything being completed successfully by the end of May and thereafter, on time.

[tankerton] 30/3/2024 09:01

History shows that even the most experienced oil companies in the world have failed to extract oil from this location. As far as I'm aware, even CNPC have given up after concerted efforts. The problem has always been the depth of this sub salt reserve and even the best equipped companies would struggle to reach it. So what chance would Tethys have had.
Pulling out or being pushed, ultimately it was the right decision.

[1399peter] 30/3/2024 08:44

Tankerton,

Unfortunately an expensive logistical nightmare. I'm glad we have nothing to do with it anymore.

In September 2015, CNPC and Total demanded that Tethys Petroleum withdraw from this project. An ultimatum was issued to Tethys due to the company's failure to fulfill its obligations and debt on the project.

The matter went to litigation, and in 2017, the International Arbitration Court recognized Total and CNPC's claims as justified.

In its latest statement in early 2018, Tethys announced that it had decided to withdraw from the project due to high risk and significant expenses required to continue work.

Thus, after Total's exit from the agreement, CNPC remains its only participant.

[bahamasoil] 30/3/2024 07:35

Tankerton - I remember the early excitement.

[dr3dd] 28/3/2024 16:26

cutfliff2, the share price would be higher!

[1399peter] 28/3/2024 14:34

lol, nothing would surprise me cutliff

[cutliff2] 28/3/2024 13:26

I can see Tethys getting the licence and full steam ahead supporting the Russian need for oil at world prices and everything is going well until Ukrainian Special Forces blow up Tethys.
We would need to put dear old Dr3dd into therapy 😆