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TPL Tethys

1.125
0.00 (0.00%)
09 Oct 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 Shares Traded Last Trade
  0.00 0.00% 1.125 0.00 01:00:00
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) Latest News

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Tethys (TPL) Discussions and Chat

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Tethys (TPL) Top Chat Posts

Top Posts
Posted at 30/9/2024 22:44 by tankerton
Tethys Petroleum Press Release: Corporate Update
NewsfileSep 30, 2024 5:36 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 30, 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.

Operations update

An acid job in KBD-10 was recently done to help test the Jurassic zone. The initial results have been discouraging but plans are to continue the test. The oil handling and gas utilization facilities are almost complete and the Company expects to have them in place and operational when the commercial license is received.

Gas Contract Resolution

After multiple rounds of negotiations regarding the settlement of the gas price dispute, QazaqGaz has improved its offer, resulting in a total receivable for gas deliveries from May 2022 to January 4, 2023, and from January 1, 2023, to March 31, 2024, including VAT (12%), amounting to 3,315,563,439 tenge, or approximately $6.9 million at the current exchange rate of 480 tenge to USD. Although the gas sale contract originally stipulated a higher price formula, the Company has opted to accept the revised offer to avoid the costly and lengthy process of resolving the dispute through arbitration. Ensuring liquidity is a priority for the Company as it continues to implement its development plans for the Kul Bas oil field and exploration program at new exploration blocks. The Company is hopeful that, pending receipt of the debt from QazaqGaz and the signing of a new sales contract, gas production can restart by the second half of October or November 2024.

Regulatory update

The Company is continuing to pursue the commercial license for the production and sale of oil. On February 20, 2024, the Company applied to the Ministry of Energy of the Republic of Kazakhstan for a Production Contract for the Kul Bas field. The stipulated review period of 20 working days, as required by the Subsoil Use Code, expired on March 19, 2024. On March 28, 2024, the Company submitted a request for assistance in accelerating the review of the application, but no definitive answer has been received to date.

The Ministry of Energy has also not yet issued the official minutes of the Working Group for the associated gas utilization program that was held in March, 2024. Without this document, the Company is unable to obtain the necessary gas flaring and ecological permits to restart its main production operations at KBD-02, KBD-06, and KBD-07 wells.

On April 12, 2024, the Company submitted a formal request to the Ministry of Energy for the issuance of the official minutes. Following several follow-up inquiries, on July 19, 2024, the Ministry informed the Company that additional comments from the Working Group had been addressed and that the minutes would be provided in due course.

The Company does not agree with the extension of the review period or the response indicating that the minutes would be provided without a specified timeframe. A formal complaint regarding the Ministry's response has been submitted, with a resolution expected by October 11, 2024. In light of these delays and the ongoing impact on the Company's operations, we have filed a claim with the Specialized Administrative Court of the City of Astana to obligate the Ministry to immediately issue the official minutes of the Working Group meeting for the associated gas utilization program held in March 2024. Additionally, we are also considering further legal actions to protect the Company's rights and interests.

The Company will continue to actively engage with the Ministry of Energy to expedite both the receipt of the minutes and the signing of the Production Contract for the Kul Bas oil field, in order to ensure full compliance and enable the resumption of its operations.

About Tethys
Posted at 29/9/2024 00:11 by 1399peter
If you go to (ticker mgns) tpl don't get a mention in the header. Must be a mix up
🤔 🧩
Posted at 29/8/2024 22:03 by tankerton
Tethys Petroleum Press Release: Interim Results and Corporate Update
NewsfileAug 29, 2024 4:59 PM EDT
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 29, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended June 30, 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 47% to $4.8 million in the three months of 2024 from $9.1 million in 2023 due primarily to the reduction of oil production. The net income for the period was $1.4 million compared with a profit of $4.0 million in 2023.

Operations update

Test production from the KBD-10 and KBD-11 wells commenced on April 8th, and has totaled about 28,500 tons. We recently started test production on KBD-11 in the Upper Barremian.zone. KBD-11 has produced 109 tons using a 7 mm choke.

Regulatory update

The Company is continuing to pursue the commercial license for the production and sale of oil.

Gas Contract Negotiations

The Company is communicating with QazaqGaz to pursue a resolution on payment and price for gas production. The gas fields remains shut in.
Posted at 23/8/2024 19:34 by 1399peter
Just think of them as a bunch of estate agents / realtors. "Buying Kaz" 😂. Looking for some mug to come along and buy the lot. Hopefully for an exorbitant price. One day rodders
Posted at 27/4/2024 18:09 by dr3dd
Get that share price up to $25.00 and we will all do one!!! LOL
Posted at 23/4/2024 13:59 by 1399peter
I doubt they'll be worried about the share price. It'll be the assets they want to screw us for.
Posted at 20/3/2024 22:14 by dr3dd
Ok, just the usual small delays!!!! Standard but well done for keeping us informed.

Interesrting to see everything up 8-10%......I expect to see the share price rise the same! LOL


BIG NUMBERS FOR A SMALL SHARE PRICE...!
Posted at 20/3/2024 19:02 by dr3dd
Sadly we see this, it is just a bit frustrating watching the company share price really achieve nothing for nearly a decade, based upon how the share price was previous!

The share price is only a few cents above where it was when it was valued at going bust!!!

Let us all try to explain that !
Posted at 07/3/2024 12:38 by dr3dd
Tankerton, ah got it hence the spikes up and down achieving bare minimum.

It worked in Bills favour though as he has bought multiple millions and the share price has hardly moved.




Come on Bill lets kick this cowboy exchange in the butt and lets start Tethys new era on a professional exchange.

You have got what you want out of it now let this share price run


And lets have an update on this company changing news that you have been working on for 7 years!
Posted at 04/3/2024 22:10 by wrighty46
Lol, I was flicking between my bet builders and the share price of tpl. I ended up glued to the trades.
Tethys share price data is direct from the London Stock Exchange

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