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| 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 | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.125 | GBX |
Tethys (TPL) Share Charts1 Year Tethys Chart |
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1 Month Tethys Chart |
Intraday Tethys Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/1/2025 | 23:07 | Tethys-New thread for a new board and a New year. | 25,737 |
| 31/12/2020 | 13:17 | Gondola the Gracious Fellow considers Tethys (TPL) as a long position | 1,915 |
| 24/12/2017 | 13:35 | Tethys Petroleum Limited - Moderated | 29,528 |
| 10/12/2015 | 15:01 | TETHYS PETROLEUM.....(gassing all the way to China) | 4,480 |
| 05/8/2014 | 11:52 | Don't FXXK with King Purple11 Thread | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 17/1/2025 10:36 by karmicpete "...let us see the share price rise to a stratospheric high."Only stratospheric? Shouldn't we be aiming for the moon? :) |
Posted at 16/1/2025 15:10 by dr3dd Very good find BahamasOil, hopefully we can all see the board working as a dream team to progress the benefits of Tethys to the whole world at real world prices.Everybody wins including the consumer. Lets get this party started and let us see the share price rise to a stratospheric high. |
Posted at 16/1/2025 10:13 by bahamasoil I am sure whatever route is taken will need to satisfy Pope after all this time.If funding is not an issue, it would be far easier to strengthen the BOD, agree a plan and let them deliver. Quick check with Gemini gives this result. In Canada, including companies listed on the Vancouver Stock Exchange (now part of the TSX Venture Exchange), there isn't one single percentage that guarantees a takeover or Management Buyout (MBO). It's a bit more nuanced than that. Here's a breakdown: Key thresholds and considerations: 20% - Triggering a Takeover Bid: If an acquirer (or a group acting together) acquires 20% or more of a company's voting shares, they are generally required to launch a formal takeover bid. This bid must be made to all shareholders, giving them the opportunity to sell their shares. 50% + 1 - Majority Control: To actually gain control of a company and ensure the takeover is successful, the acquirer needs to secure more than 50% (50% + 1 share) of the outstanding voting shares. This gives them the majority of voting rights and the ability to elect the board of directors. 90% - Compulsory Acquisition (Squeeze-out): If the acquirer reaches 90% ownership of the shares (excluding those held by the acquirer and their affiliates), they have the right to "squeeze out" the remaining minority shareholders. This means they can force the remaining shareholders to sell their shares at the same price offered in the takeover bid. Important Factors: Shareholder agreements: Some companies may have shareholder agreements in place that specify different requirements for a takeover. Voting rights: Different classes of shares may have different voting rights. It's important to consider the voting power of the shares being acquired, not just the percentage of outstanding shares. Board approval: In an MBO, the management team needs to secure the approval of the company's board of directors before proceeding with the buyout. Regulatory approvals: Certain takeovers may require regulatory approvals, especially in regulated industries. In summary: Acquiring 20% of the voting shares generally triggers a formal takeover bid process. Securing more than 50% of the voting shares is necessary to gain control of the company. Reaching 90% ownership allows the acquirer to force out remaining minority shareholders. It's crucial to consult with legal and financial professionals for specific advice on takeover regulations and requirements in Canada, as the specifics can vary depending on the company and the circumstances of the transaction. |
Posted at 15/1/2025 21:23 by dr3dd I thought you meant the share price rise today??!!! |
Posted at 04/1/2025 16:17 by tankerton Just double checked on Sedar and what we thought was the latest news from Jan 3rd was infact a rehash of news from Dec 10th which I paste below.NEWS RELEASE FINCRAFT GROUP LLP ACQUIRES ORDINARY SHARES OF TETHYS PETROLEUM LIMITED ALMATY, KAZAKHSTAN, December 10, 2024 – Fincraft Group LLP (“FincraftR entered into a share purchase agreement providing for the purchase of an aggregate of 8,443,398 ordinary shares (the “Purchased Shares”) of Tethys Petroleum Limited (“Tethys” transaction (the “Purchase̶ Pursuant to the purchase agreements, the Purchased Shares will be acquired at a price of C$0.7719 per Purchased Share, for an aggregate purchase price of C$6,518,134.39. The purchase of the Purchased Shares is subject to certain approvals and is expected to be completed during the first quarter of 2025. On October 11, 2024, Fincraft announced that it would acquire an aggregate of 30,959,133 ordinary shares, representing 26.95% of the ordinary shares outstanding, pursuant to the entry of the three share purchase agreements, of which, Fincraft has acquired 23,009,133 ordinary shares. After giving effect to the Purchase, Fincraft will have acquired ownership or deemed beneficial ownership of an aggregate of 39,402,531 ordinary shares, representing 34.31% of the ordinary shares outstanding. This represents an increase of approximately 7.35% from Fincraft’s securityholding percentage of the ordinary shares disclosed in the October 11, 2024 press release. Fincraft intends to acquire the Purchased Shares for investment purposes. Fincraft may, from time to time, acquire or dispose of ordinary shares or other securities of Tethys in the future, either on the open market, in private transactions, pursuant to an offer to acquire outstanding securities of Tethys, through a corporate transaction involving Tethys, through treasury issuances, exercises of convertible securities, or otherwise, in each case, depending on a number of factors, including general market and economic conditions and other available investment opportunities. Depending on market, economic and industry conditions, the business and financial condition of Tethys, and other relevant factors, Fincraft may develop other plans or intentions in the future relating to Tethys. The Purchase will be completed from one seller in reliance on the private agreement exemption available under section 4.2(1) of National Instrument 62-104 Take-Over Bids and Issuer Bids. Tethys’ head office is located at 802 West Bay Road, Grand Cayman, KY1-1205, Cayman Islands. This news release is issued under the early warning provisions of applicable Canadian securities legislation. A copy of the early warning report filed in connection with the investment will be available on Tethys’ profile on SEDAR+ at www.sedarplus.ca or may be obtained by contacting Timur Seilov at +7 (727) 355-0151. About Fincraft Fincraft is a diversified holding company founded in 2014 and led by Kenges Rakishev. The Group operates in five key segments: oil & gas, mining & processing of metals, educational services, distressed asset management, and other activities. Fincraft is headquartered at Dostyk Avenue 300/26, Almaty, Kazakhstan |
Posted at 03/1/2025 20:26 by dr3dd Kenes Rakishev acquires additional 7.35% of Tethys Petroleum, bets on greenNews January 3, 2025 Kenes Rakishev in his office Fincraft Group LLP, led by Kenes Rakishev, has announced a share purchase agreement to acquire 8,443,398 ordinary shares of Tethys Petroleum Limited, representing 7.35% of the outstanding shares. The purchase, valued at C$0.7719 per share for a total of C$6,518,134.39, is subject to certain approvals and is expected to be completed in the first quarter of 2025. Previously, on October 11, 2024, Fincraft, under Kenes Rakishev’s leadership, announced the acquisition of 30,959,133 ordinary shares, which is approximately 26.95% of Tethys’ outstanding shares. With this latest purchase, Fincraft will hold a total of 39,402,531 shares, representing 34.31% of Tethys’ outstanding shares, an increase of about 7.35% from the previous holding. Kenes Rakishev’s Fincraft Group intends to acquire these shares for investment purposes and may continue to acquire or dispose of Tethys’ securities in the future based on market, economic, and industry conditions. The purchase will be completed under the private agreement exemption available under section 4.2(1) of National Instrument 62-104 Take-Over Bids and Issuer Bids. Tethys Petroleum secures important contracts Tethys Petroleum Limited is an oil and gas exploration and production company with a primary focus on Central Asia, particularly in Kazakhstan and the Caspian Region. The company derives its name from the Tethys Ocean, which covered Central Asia and surrounding areas approximately 250 million years ago. This ancient ocean’s closure led to the formation of mountain chains and the creation of several major oil and gas fields in the region. Tethys Petroleum has a portfolio of assets, including existing oil and gas production in Kazakhstan. The company is involved in various projects such as the Kyzyloi and Akkulka gas development projects, where they have been working on expanding production and developing new wells. For instance, in the Kyzyloi/Akkulka Phase 2 gas development project, Tethys has been tying in new wells to their gas export system and expanding compressor facilities to increase production volumes. In addition to its operations in Kazakhstan, Tethys Petroleum has also been active in Tajikistan. Here, the company has been engaged in rehabilitation and workover activities aimed at increasing gas and oil production. This includes work on the Komsomolsk gas field and the Beshtentak oil and gas field, where they are using new equipment and techniques to enhance production. Tethys Petroleum is a public company listed on the TSX Venture Exchange (TSXV) and also on the Kazakhstan Stock Exchange (KASE). Kenes Rakishev’s company, Fincraft group broadens investment in it by acquiring the shares. Recently, the company has made significant progress in obtaining necessary regulatory approvals. Tethys has received a critical gas flaring permit for its Kazakhstan operations and is awaiting the final Ecology permit, expected by November 18, 2024, which will enable oil production from wells KBD #2, KBD #6, and KBD #7. The company is also working with the Ministry of Energy to secure a Production Contract that would extend the Kul Bas oil field’s production period until July 2048 and grant oil export rights. Tethys Petroleum is actively engaged in oil and gas exploration and production activities in a highly prolific region, with ongoing efforts to expand production, secure regulatory approvals, and enhance its operational capabilities. Why Kenes Rakishev shows interest in Tethys Petroleum? Kenes Rakishev, a prominent entrepreneur and investor, is the chairman of Fincraft Group, a privately-owned holding company based in Kazakhstan. With over 20 years of experience in private business, Rakishev has built a diverse investment portfolio that spans several key sectors. Kenes Rakishev’s Fincraft Group focuses on investments both within Kazakhstan and internationally. The company has significant holdings in mining companies, such as Kaznickel, which is rich in nickel and cobalt deposits crucial for renewable energy technologies. Fincraft is also involved in oil and gas production, including recent acquisitions in companies like Equus Petroleum Limited, Nomad West Oil LLP, and Beineu Petroleum Ltd, all operating in Kazakhstan. In addition to natural resources, Fincraft Group has ventures in refinery trading, education through private schools, and financial services, including ownership of a significant financial institute and a brokerage company. Kenes Rakishev’s investment strategy emphasizes long-term growth and diversification, particularly highlighting the opportunities in Kazakhstan’s rich natural resources, transportation, and logistics sectors. Kenes Rakishev has also made notable investments in other areas, such as his involvement with Central Asia Metals Plc and Petropavlovsk PLC, where he played an activist investor role and significantly increased the companies’ values during his tenure. Recently, he acquired a 26.95% stake in Tethys Petroleum Limited, an oil and gas exploration company focused on Central Asia, further expanding Fincraft Group’s presence in the energy sector. Kenes Rakishev takes an active stance in Kazakhstan’s economic and social development Kenges Rakishev, a prominent investor and entrepreneur from Kazakhstan, is deeply committed to social responsibility, evident through his extensive philanthropic endeavors and charitable initiatives. One of his most significant contributions is the co-founding of the Saby Charitable Foundation in 2002, along with his wife Aselle Tasmagambetova. The Saby Foundation is one of Kazakhstan’s first and largest private charity organizations, focusing on large-scale socially significant projects in the medical, educational, and sports fields. The Saby Foundation has implemented a wide range of programs, including Orkendeu, which aims to improve conditions for children in social care, Sport-Health Achievements to promote sports and health, and the Youth Program to support abandoned and orphaned children. Other initiatives include “A Decent Life for Disabled People” to increase public space accessibility, “Give Life to Children” as a digital campaign for sick children, and “The Medical Project” to upgrade Kazakhstan’s medical system through hospital and medical facility construction. The foundation has also provided substantial support during the COVID-19 pandemic, including the provision of medical equipment, masks, and disinfectants to medical institutions and financial assistance to various charitable foundations and families in need. In 2020, Rakishev and his wife established the Shoqan Walikhanov School in Almaty, a non-profit institution that combines traditional academic methods with modern infrastructure and contemporary teaching techniques, educating over 1,300 students. The school is part of their broader educational initiative, which includes a recent scholarship program offering full scholarships to Shoqan School students accepted into the world’s top ten universities, as rated by the Times Higher Education World University Rankings. This program aims to motivate a new generation of Kazakhs to become leading members of the international community and to bring innovative ideas back to Kazakhstan. Kenes Rakishev’s commitment to education is further underscored by the Saby Foundation’s Alem Program, which supports young talents by providing them with resources to develop their skills. The foundation also operates a mentoring program where local students are coached by Kazakhstan’s leaders, including Rakishev himself, and receive grants for studying at top-tier global universities, international internships, and personalized career guidance. In addition to education, Kenes Rakishev and his wife are involved in environmental projects through the Central Asian Institute for Ecological Research (CAIER) and the Center for Research and Rehabilitation of the Caspian Seal, both founded by Aselle Tasmagambetova. These initiatives highlight their commitment to social and environmental welfare in Kazakhstan, including research expeditions and conservation efforts for the Caspian seal. Kenes Rakishev has also played a significant role in sports development in Kazakhstan. He has held positions such as the presidency of the Kazakhstan Boxing Federation and the Kazakhstan Judo Federation, and has been a member of the Board of Trustees of the Kazakhstan Chess Federation. These roles reflect his dedication to promoting sports and health achievements among the youth and broader community. Kenes Rakishev’s philanthropic work is characterized by a comprehensive approach to education, health, sports, and environmental welfare, making a profound impact on the lives of many in Kazakhstan. His commitment to social responsibility is evident in the wide range of initiatives and programs he and his wife have established and supported through the Saby Foundation and other ventures. Fincraft is Kenes Rakishev main investment vehicle Fincraft Group’s financial reliability is underscored by its stable growth, with total assets valued at 245.3 billion tenge and equity capital of 83.8 billion tenge. The company has issued several bond issues, demonstrating its financial discipline and transparency. Kenes Rakishev’s leadership and vision have been instrumental in Fincraft Group’s success, making him one of the top 50 richest and most influential businessmen in Kazakhstan according to Forbes. His strategic investments and commitment to growth position Fincraft Group as a major player in Kazakhstan’s economy and beyond. |
Posted at 11/12/2024 13:09 by daz21 Are these distressed sellers selling the stock as I would expect the price to be greater than 0.77c if Fincraft where an aggressive buyer or is 0.77 the correct share price for the company today.Also only 2.5 weeks left in the month, where is the licence for 2025 or are we shutting down again |
Posted at 07/12/2024 23:45 by wrighty46 Licence before year end? Re dilution, I can't see it being anywhere near these levels, the big holders aren't going to dilute themselves surely? It would imo only happen if and when the share price is at many many multiples of today's price. And if they want quick money for drilling, expansion etc once we get the licence forward selling of our oil would be an option. Licence next week please. GLA |
Posted at 30/11/2024 23:47 by tankerton Atomaton.That is true up to a point. I have repeatedly said how easy it is to manipulate the share price on this matched bargain exchange but to be successful you need to have no liquidity and a negative sentiment. With a change of sentiment and greater liquidity it is much harder to control the price. You only have to read the comments here with most just wanting out but what happens post licence with production and revenues rising, the dividends reinstated and deals being done when many will want in. Add that to possible stake building by Fincraft and it will be impossible to control the upward momentum. |
Posted at 27/11/2024 14:19 by dr3dd Very interesting comment from Stockhouse by...KyrgyzgoldRE:New Press Release - Tethys Petroleum Interim Results and Corporate Update Oil sales from these three wells alone should deliver revenue of ~$30 million per annum: "On November 18, 2024 the Group received the Ecology permit for oil production at Kul-Bas. This permit is valid through December 31, 2024 and allows production to commence from wells KBD02, KBD-06, and KBD-07. (...) During the preparatory period, production from these three wells is expected to reach a daily rate of approximately 400-500 tons." "The Group has recently negotiated oil sales contracts with three buyers and received prepayments in advance of the commencement of production for 11,000 tons of oil at prices of $212-215 per metric ton." HUGE NUMBERS and the share price is this price!!!! ;-0 |
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