Tethys Share Discussion Threads

[wrighty46] 22/1/2025 22:54

So by 5th February everything should hopefully come together. And noted tankerton, perhaps they've already found a couple of the missing barrels lol. GLA

[tankerton] 22/1/2025 22:40

Note the following

continue production until July 2048 and granting the right to export hydrocarbons, thereby unlocking the field's full commercial potential.

[tankerton] 22/1/2025 22:33

Tethys Petroleum Announces Corporate Update
NewsfileJan 22, 2025 5:17 PM EST
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 22, 2025) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide the following updates regarding its regulatory progress and operational milestones at the Kul Bas oil field.

Regulatory Update

On November 18, 2024, Tethys received all ecological and environmental approvals for 2024, followed by the 2025 ecological permit on December 9, 2024. These approvals allow the Company to produce up to 490 tons/day under the Preparatory Period of Contract No. 1897 for the Kul Bas field, which expires on July 26, 2026. As stipulated under the Subsoil Use Code, all hydrocarbons produced during the Preparatory Period must be sold domestically.

On January 8, 2025, Kul-Bas LLP submitted an application to the Ministry of Energy of the Republic of Kazakhstan to transition Contract No. 1897 for the Kul Bas field to the Production Period. This extension is essential for securing the long-term development of the field, enabling the Company to continue production until July 2048 and granting the right to export hydrocarbons, thereby unlocking the field's full commercial potential. According to the Subsoil Use Code, the Ministry is required to issue a decision within 20 business days (by February 5, 2025). The Company remains hopeful for a timely resolution and continues to actively engage with the Ministry to expedite this critical process.

Operations Update

In addition to the limitations from the regulatory approval, oil production is also constrained by a limitation on the amount of associated gas from the oil production that can be flared. Tethys is working to convert gas to electricity in order to limit gas emissions. As part of this process, the commissioning of the Central Processing Facility (CPF) at Kul Bas was successfully completed on November 19, 2024. Additionally, the Gas Utilization Facilities (GUF) were commissioned on January 17, 2025. These developments help ensure compliance with environmental requirements and support increased levels of oil production at the field. The successful commissioning of the facilities on January 17 brings the end of the planned Phase 1 work to a conclusion. Phase 1 was to primarily handle the associated gas from the first 3 wells in production (KBD-2, KBD-6 and KBD-7). The current plan is to allow these oil handling and gas utilization facilities to operate for a brief period and then for management to prepare a proposal for a Phase 2 program. These new oil handling and gas utilization facilities would allow for increased levels of oil production and for bringing on wells KBD-3, KBD-4 and KBD-8 (if/when the production license allows).

Another limitation on the amount of oil that can be produced can be the logistics. The logistics is handled by the oil buyers as Tethys sells the oil at the field. The buyers ability to handle the logistics can be influenced by the amount of trucking, rail cars, transshipment capacity (moving oil from trucks to rail cars) in the market and by the weather/road conditions. At present, Kulbas is selling oil primarily to mini-refineries given the higher price offered (as compared to the state refineries). The Republic of Kazakhstan has renewed a prohibition that doesn't allow for companies to export naptha (one of the byproducts of the oil refining). The loss of this export market hurts the mini-refineries and ultimately further reduces the price paid for oil as compared to export prices. While the other factors are largely temporary in their impact on the logistics, the elimination of the ability to export naptha appears to be negatively impacting the prices Tethys is offered for oil on a sustained basis.

The Company remains committed to its strategy of responsible growth and is focused on optimizing its operations while meeting all regulatory requirements.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.

Disclaimer

Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Tethys Petroleum
Casey McCandless
Chief Financial Officer
901-763-4001

[e-mail]
www.tethys-group.com

[wrighty46] 22/1/2025 20:54

Been locked out all day, holding up well. Update end of next week hopefully. Good volume again.

[1399peter] 22/1/2025 18:56

It needs another 10 x, then I'll open that can of Heineken 😂

[dr3dd] 22/1/2025 17:54

Exactly cutliff2, it has only taken 10 years, lol.

Hopefully the ones who are still alive after such a drawn out story of complete supposed mayhem will reap the rewards of such a horrendous journey of watching paint dry and we can all celebrate.

I will admit that if Bill gets this to the final hurdle and gets to the finish line, he should be a very proud man and should enjoy his wealth created by Tethys.


Apolgies about the sensible post!!!!!!!!

[cutliff2] 22/1/2025 17:29

I expected the price to plunge back to $1.00 after its rise to $1.50 but it held the price quite steady for several days before its rise to $2.00
If it does the same for the next few days at its present position and settles without the massive rise/fall on a few sells/buys then maybe just maybe the boom and burst phase has been broken.
The spread being so close is also a good sign
Fingers and everything else crossed

[fbrj] 22/1/2025 17:05

Current spread 1.95/2.04, 8000+ traded. Canaccord still buying.
Holding up well so far after yesterday's punchy increase!

[dr3dd] 22/1/2025 16:50

Lets just see if the buys keep coming until the sells are about to run out and then we will see the buys stop.

All organised.

[dr3dd] 22/1/2025 15:52

Lets start the day with a sell of 2......!!! Unbelievable.


There must be more crooks running the books of Tethys than in all the prisons in America.

[fbrj] 22/1/2025 09:42

I wonder what triggered that sudden burst of activity? The volume value was significantly up too for TPL - £50k+

The TPL Stockhouse forum has nothing on it since 17th Jan. Maybe some punters seeing TPL in the top 2 risers early in the day? Maybe someone "in the know"?

Let's see what happens today. I remember the last spike to 1.75 which disappeared almost immediately!

It will be good to hear something soon from our Board - especially confirmation about the outstanding licence and even better if Kenges is appointed to the Board and there is mention of a listing on a proper exchange. If TPL becomes the Kenges listed energy vehicle - we could be in for quite a ride!

[dr3dd] 21/1/2025 23:07

Well that is good news.

Maybe Bill Wells can put a very positive news release out to the market to keep everybody informed. It has been years since we all had a very very positive news release.

It is not as if the board dont deserve a decent news release as do we all!!!!

[tankerton] 21/1/2025 22:45

It will be interesting to see if post the confirmation of Fincrafts 34% stake, we start to see more news and action in the share price .

News out of Kaz. They are expecting the oil price to remain high after US sanctions on Russia.

Talk also of ending the cap on oil derived products that have kept prices low in 2024.

[dr3dd] 21/1/2025 22:35

Information on shares and shareholders of Tethys Petroleum Limited as of January 1, 2025
20.01.25 16:31
/KASE, January 20, 2025/ – Information on shares and shareholders of Tethys
Petroleum Limited as of January 1, 2025:

- the total number of authorized common shares of the company makes up
145,000,000 units, preferred shares - 50,000,000 units;

- 114,857,248 common shares of the company are outstanding, preferred shares
have not been offered;

- persons each holding five or more percent of total outstanding shares of the
company are:

-------------------------------------------------------------------------------
Total stake in
total number of
Common shares, company
Names units offered shares, %
------------------------------------------ ----------------- ------------------
Pope Asset Management 43,458,944 37.84
Fincraft Group LLP 23,009,133 20.03
Gazexport limited 17,536,296 15.27
Gemini IT Consultants DMCC 7,950,000 6.92
-------------------------------------------------------------------------------

[2025-01-20]

[dr3dd] 21/1/2025 21:26

Wrighty, your $2.00 has been hit. Let us see what tomorrow brings

[wrighty46] 21/1/2025 19:30

Let's crack this $2 few more buys. GLA

[dr3dd] 21/1/2025 19:13

Canaccord Genuity Corp busy buying.


Ratfan we are no doubt pleased for you. I think a lot of others have a lot of pain still to endure until breakeven.

[tankerton] 21/1/2025 17:57

In answer to a previous question, the oil wells have not been shut in and production has continued since November, albeit at restricted levels, pending the commercial licence.

[tankerton] 21/1/2025 17:04

Remembering that Tethys are in negotiations to access KazMunay's international oil pipelines and consideration given to Kenges plans for diversification of oil routes, the following news headline could have some significance.

Petroleum Economist: Why we should watch Kazakhstan in 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
Is Kazakhstan the unexpected bolter in the global oil industry for 2025? KazMunayGas (KMG), the nation’s oil and gas giant, is forging ahead with bold international partnerships to expand its global footprint and operational...

[tankerton] 21/1/2025 16:25

Up 37% at $2.05

[dr3dd] 20/1/2025 19:47

Has it been confirmed?

[bahamasoil] 20/1/2025 19:15

You are right, they cut the buyback short of the original target.

[1399peter] 20/1/2025 18:52

Didn't they only manage to get about 2.5m shares back through the buy-back scheme. correct me if I'm wrong but weren't they the only ones to be cancelled.