Tethys Share Discussion Threads

[1399peter] 18/5/2024 04:11

Cheers for posting Bahamas.
And there you have it. An oil company that never fails to disappoint. Absolute disgrace and somewhat deliberate I suspect.
Making way for a low ball offer from Eurasian Gaz. Corruption rules.

[cutliff2] 18/5/2024 02:05

PS
Thankz for the update BahamasOil

[bahamasoil] 17/5/2024 22:30

Tethys Petroleum Press Release: Interim Results and Corporate Update
NewsfileMay 17, 2024 5:18 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 17, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended March 31, 2024 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com.

Financial highlights

Oil and gas sales decreased by 80% to $1.9 million in the first quarter of 2024 from $9.9 million in 2023 due primarily to halting of the oil production. The loss for the period was $983K compared with a profit of $2.5 million in 2023.

Operations update

Test production from the KBD-10 and KBD-11 wells commenced on April 8th, and has totaled about 8,200 tons. Current production on KBD-10 is about 25 tons per day from an Upper Barremian zone after averaging about 300 tons per day from the Main Barremian zone. KBD-11 is planned to perforate a new Upper Barremian zone tomorrow after averaging about 75 tons per day in the first Barremian zone tested.

Regulatory update

The Company is in the process of trying to obtain the commercial license for the production and sale of oil.

Gas Contract Negotiations

The Company is continuing to pursue a resolution with QazaqGaz in regards to payment and price for gas production. The gas fields remains shut in.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.

[1399peter] 17/5/2024 15:47

Bahamas,
Aktau will be able to handle Tethys production, what is it at the mo, 4000bopd. I mean, some inflatables and a load of jerry cans will probably do it.

[bahamasoil] 17/5/2024 14:47

Ukraine's successful drone campaign overnight at Novorissiysk, the main Russian oil export facility in the Black Sea is likely to have delivery implications on TPL's exports.

[targatarga] 17/5/2024 12:15

Thankyou Dr

[1399peter] 17/5/2024 12:14

Come on Bill it's beer o'clock, you haven't bought a round for 7yrs. We all want a nice frosty beer next week,cheers 🍻

[1399peter] 16/5/2024 19:31

Won't be long before we're all running around shouting HONK! HONK! like King Zog from Disenchantment.

Lets hope they have the decency to give us an update on progress next week regardless of the situation, good or bad.

[1399peter] 10/5/2024 10:43

Results of survey due in 2025 Zzzzz 😴

[1399peter] 10/5/2024 10:42

Here's a thought.
Tethys lost roughly 3billion barrels of oil from their reserves. Could this of happened because they found during the last survey, that this large amount of oil (if it ever existed) was in fact not on Tethys land and couldn't be included until the next survey of the new adjacent plot.

[1399peter] 10/5/2024 10:33

Dr3dd,
Exactly that, it was blatantly obvious manipulation. We all knew it and yet the exchange watch dogs turned a blind eye. Too busy sniffing the brokers butts and accepting doggy treats.