Grand Cayman, Cayman Islands--(Newsfile Corp. - November 26, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended September 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.sedarplus.ca or on Tethys' website at www ...

KEY TAKEAWAYSTexas Pacific Land shares rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate operating company will be replacing Marathon Oil in the S&P 500.TPL's shares, which hit an all-time high Thursday, are surging a further 6% Friday morning.Marathon Oil is being removed from the index as its acquisition by ConocoPhillips is set to close Friday. Texas Pacific Land (TPL) shares rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate oper ...

Group 1 - Tethys Petroleum Limited has received an Ecology permit for oil production at Kulbas, valid through December 31, 2024 [1] - The company is in the process of commissioning facilities to start production from KBD 2 and KBD 6 as soon as possible, with commissioning for KBD 7 scheduled to begin on December 1, 2024 [1] - The Ecology permit application for 2025 is currently under review, and the permit for gas flaring for 2025 has already been received [1] Group 2 - Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region [2]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .There are not many stocks I discuss as much as the Texas Pacific Land Corporation (NYSE: TPL ) . Since I started buying the company, I have brought it up in many articles and podcasts and discussed it in countless direct messagesAnalyst’s Disclosure: I/we have a beneficial long ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES THIRD QUARTER RESULTS Earnings Call to be held 7:30 am CT on Thursday, November 7, 2024 DALLAS, TX (November 6, 2024) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company" or "TPL") today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highlights • Acquired mineral interests across approximately 4,106 net royalty acres located in the northern Delaware Basin for a purchase price of $120.3 million, net ...

Core Insights - Texas Pacific Land Corporation (TPL) has experienced a significant stock price increase of 87.2% in 2024, outperforming the broader energy sector which is up 11.2% [1] - The company operates a unique business model focused on land ownership and fee collection rather than direct oil and gas production [2] Company Overview - Texas Pacific is one of the largest landowners in Texas, with 869,000 surface acres and 23,700 net royalty acres, primarily located in the Permian Basin [2] - The majority of its revenue comes from oil and gas royalties, followed by water sales, produced water royalties, land sales, easements, and commercial leases [2] Financial Performance - For the first half of the year ending June 30, Texas Pacific reported $346.8 million in revenue and $77.2 million in operating expenses, resulting in an operating margin of 77% [3] - The company converted 66% of its sales into net income after taxes [3] Cash Management and Dividends - Texas Pacific occasionally uses excess cash to acquire additional assets, recently closing a $286 million transaction for Permian oil and gas minerals and royalty interests [4] - In June, the company paid a special dividend of $10 per share after exceeding its cash target of $700 million, with a current cash balance of $895 million [5] Industry Context - The Permian Basin accounts for approximately 40% of the U.S. oil output and 15% of natural gas production, positioning Texas Pacific favorably for future growth [6] - Major producers like ExxonMobil are focusing their growth strategies in the Permian, which enhances the value of Texas Pacific's land [7] Valuation and Investment Considerations - Texas Pacific has a high price-to-earnings (P/E) ratio of 50.5, which is considered expensive compared to traditional oil companies [10] - The company's 10-year median P/E is 34.4, indicating that its current valuation is above historical averages [11] - Despite a low ordinary dividend yield of 0.5%, Texas Pacific remains a potential investment for risk-averse investors [12]

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 ...

Group 1 - Texas Pacific Land Corporation (TPL) has a market capitalization of $18.46 billion and is a significant player in Texas land ownership, particularly in the Permian Basin [1] - TPL's extensive land bank positions it uniquely within the energy sector, providing potential for long-term growth and investment opportunities [1] Group 2 - The article emphasizes the importance of fundamental analysis over short-term market fluctuations, indicating a focus on long-term stock positions [1]

Core Viewpoint - Tethys Petroleum Limited reported a significant decline in oil and gas sales and net income for the second quarter of 2024, primarily due to reduced oil production [2][3]. Financial Highlights - Oil and gas sales decreased by 47% to $4.8 million in Q2 2024 from $9.1 million in Q2 2023 [2]. - Net income for the period was $1.4 million, down from a profit of $4.0 million in the same period of 2023 [2]. Operations Update - Test production from the KBD-10 and KBD-11 wells commenced on April 8, 2024, totaling approximately 28,500 tons [3]. - KBD-11 has produced 109 tons using a 7 mm choke [3]. - The company is pursuing a commercial license for the production and sale of oil [3]. - Ongoing negotiations with QazaqGaz regarding payment and pricing for gas production, with gas fields currently shut in [3]. Company Overview - Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region, believing in significant potential in both exploration and discovered deposits in the area [4].

Texas Pacific (TPL) came out with quarterly earnings of $4.98 per share, missing the Zacks Consensus Estimate of $5.36 per share. This compares to earnings of $4.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.09%. A quarter ago, it was expected that this landowner would post earnings of $4.58 per share when it actually produced earnings of $4.97, delivering a surprise of 8.52%. Over the last four quarters, the company h ...