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TPL Tethys

1.125
0.00 (0.00%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tethys LSE:TPL London Ordinary Share KYG876361091 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.125 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tethys Share Discussion Threads

Showing 63176 to 63190 of 63475 messages
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DateSubjectAuthorDiscuss
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.

tankerton
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.............
dr3dd
03/4/2024
12:33
Looks like Borat was right about KZ?
rogsim
03/4/2024
12:18
LOL, I expect that's ULEZ free. I might order one myself
1399peter
03/4/2024
10:29
1399Peter, but these run every 2 months.............probably delivering Tethys Petroleums letters and contracts to the head office!!!!!!!!
dr3dd
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.
1399peter
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.

tankerton
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.

1399peter
30/3/2024
07:35
Tankerton - I remember the early excitement.
bahamasoil
28/3/2024
16:26
cutfliff2, the share price would be higher!
dr3dd
28/3/2024
14:34
lol, nothing would surprise me cutliff
1399peter
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 😆

cutliff2
28/3/2024
13:25
cheers for the info Bahamas.

Anything could happen out there currently, preferably a favorable coup

1399peter
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