Tethys Share Discussion Threads

[naimanka74] 30/11/2016 16:55

Average is 1.9p, I averaged down a week or so ago.
If it goes anywhere near 2 I am out, I hope it goes well but it all just smacks of madness and desperation.
They sell 20% for buttons, give warrants, then.... guarantee new investors a turn if the shareholders reject them exercising the warrants, pay them with what, the company is broke.
So commercially its yet another breathtakingly naïve move by the board, to follow Olisol, Nostrum, AGR etc. etc. Bill Wells is both a creditor and shareholder, no business being on the board, in a way with these kooky warrant guarantees the Kumars will be the same.
Question – will conflicted directors think about shareholders or their debts? ….answers on a postcard please.
Is there a joint operating agreement or anything on the oil terminal JV in amongst the releases?
As I wouldn’t assume Olisol (or the bank) will play ball on oil sales going forwards, so all will hinge on resumption of local gas sales and collecting what’s outstanding.

[temporarily insane] 30/11/2016 16:42

Canadians messing around again. 500 sell and it drops down after taking 100000 to rise.

[temporarily insane] 30/11/2016 15:39

Cheers the_isolator. Interesting.

[casual47] 30/11/2016 12:56

How did he get hold of your email? Did you email them? Or did you email TPL and they got hold of the data while they were ensconced there?

[the_isolator] 30/11/2016 12:32

TI

Good evening, dear Tony!
I am a shareholder OLISOL Petroleum. I am very concerned about the situation with Tethys, where you are also a shareholder. Can we talk to you about the current situation, and it can be to meet?
complete with phone etc

[temporarily insane] 30/11/2016 10:44

Oil soars on optimism over OPEC update...................


....and Tethys does ??????

[casual47] 29/11/2016 22:22

Having the share price reach 5p is not exactly getting the cream, as that would only be a market cap of 43 million USD, assuming the Kumars take up the warrants and ALR their 12 million.

So while we probably won't get clotted cream hopefully we can still get to good ol' half and half.

Right now we have water in which someone has gobbed some milk.

[temporarily insane] 29/11/2016 21:37

naimanka74, what is your average price, if you dont mind me asking?

[naimanka74] 29/11/2016 21:25

Back on their feet? Knees more like, the hard work starts from here, there's quite a way to go before they are on their feet. I see they will have to do PIFFs for the board seats, maybe we will learn who they are fronting for then. My glass, well it's certainly not full, more empty than full.

I don't know what the deal was with Olisol, but I doubt it's over, I wouldn't walk away if I was owed what they are, same with AGR, so not out of the woods yet I think.

There is hope for the future, but I think the cream will be for others, not the PI's. I am still sceptical on the board, nobody to assess risk properly, likewise Ken May (who has done quite well) isn't really an expert, so who will steer the ship away from any rocks in the future(I suppose in fairness past crews drove the ship on the rocks rather than steer around them)?

So my glass, is currently more empty than full, I don't know whether to top it up, or throw it down the sink.

[temporarily insane] 29/11/2016 20:27

^^^^^

Exactly. So its not all bad.

[casual47] 29/11/2016 20:13

We can take some comfort from Pope converting a very small amount, considering, as part of this deal. They could have jumped on the dilution boat and have filled their boots so that they had a more palatable average. But instead they just took enough to quasi guarantee a vote in favour of the Kumars at the next AGM.

[hguess16] 29/11/2016 20:05

Benand,
I agree that the oil price has an effect, but based on what Tethys current receives
for the sale of oil in KAZ, it bears little relation to the current market price od $45-50 pb.
KAZ is a relatively closed shop unless the new investors can open the export market
as promised.
The same applies to gas.
Having said that, I view the latest deal as a recovery from a " gloom and doom "
scenario which has prevailed for some time.
We can only hope that Tethys has been resuscitated, but there is still a great deal to be achieved by Bill Wells and his team with the active support of the new investors in order to keep the company on the road to maintaining much needed confidence in the future!. We can only hope that the "black swan" will not return !.

[benandemmiboo] 29/11/2016 19:42

When it comes to guessing the share price, I think some here overlook commodity prices (which are never static) and currency valuations (which fluctuate way too much these days) and the ridiculous amount of bullish sentiment that hits a commodities market once the market has faith that a bear market/downturn has stopped. The market cap will matter far more than what the Kumars paid for their shares, and if Tethys averts bankruptcy and reaches a point where its assets in Kazhakstan grow, hard to imagine our market cap still being many multiples lower than other junky oil explorers like Magdalena Energy...

[casual47] 29/11/2016 19:14

With every dilution and increase of debt the ceiling comes lower down ;)

Before Olisol got involved I thought 20p was possible once TPL got lift off. The Olisol deal made me revise that down to 15p, then 10p, then 8p.

I would be really happy if we can achieve 5p, but I would probably sell out a large chunk, if not all, should we ever hit 2p.

[casual47] 29/11/2016 18:58

The floor is probably not much of a floor. At least, same way the Olisol 0.054 CAD wasn't a floor, or the other floors that have come and gone in the last few years.

[hguess16] 29/11/2016 18:49

State of play:
The two new investors, Soosai and Kumar are paying 1.27p per share for 88m shares ( 18%)
Olisol paid 8p for 63m shares
PAM holds 64m shares and may have paid a multiple of 8p per share, say 20p per share.
PI's may have paid between 1.25p ( recent ) and up to 50p per share.

PAM gets the support of Soosai/Kumar on BOD decisions, ie control and future strategy

A floor has been set for the Tethys share price at 1.27p.
The current market share price is between 1p - 1.5p, mid price 1.25p

We need a confidence boost to push the share price initially up to 2p per share.

This could be provided by solving the Intergas dispute, calming the "Russian Bear" at Olisol and negotiating a bank loan with a local KAZ bank.

[temporarily insane] 29/11/2016 18:10

$1.4 million for 20% of the company???? because the share price has been manipulated down using TSX.

[temporarily insane] 29/11/2016 18:06

Tethys is worth investing in.

[casual47] 29/11/2016 17:23

Naimanka, Olisol probably didn't borrow the money they gave TPL as they were prepared to let TPL convert it into shares. So they mustn't have been too desperate for it.

[casual47] 29/11/2016 17:14

TI, we don't know anything about the Kumars or what they can actually do for TPL. They run private companies so there's no public info on their business that would allow us to do some scrutiny on them.

Bill Wells is in charge but was forced on his knees by Olisol, who he himself brought in, and was unable to get a better deal than what the Kumars presented him with, which was sh1t. $1.4 million for 20% of the company????

No point putting lipstick on a pig...

All we can hope for is that TPL doesn't go under and that the share price recovers and market becomes liquid enough for us to bail out.

I really wish to be proved wrong and the share price goes zooming past 5 pence...

[temporarily insane] 29/11/2016 16:58

Meanwhile...............


The Kumars know what they are doing.

Kenneth May is proving himself well.

Bill Wells is proving he knows what he is doing now he is in charge.


Hey naimanka74 are you a half pint empty type of guy??? LOL



Little by little Tethys is getting back on its feet.

[naimanka74] 29/11/2016 16:45

- The dispute with Intergas is resolved amicably

Yes, it’s critical, as they need some cash flow, the oil needs work/investment to boost production and get export pricing.

- An amicable solution is found with Olisol

This is very important, I still struggle to see how it gets resolved, I am astonished they didn't stop the Kumar placement, in any event its major obstacle, especially if they used borrowed money to invest (which I suspect they did).

- The short term loans with Cayman and AGR Energy are re-negotiated or even repaid

Rig loan was moronic anyway, it never made sense, AGR must be confused as hell and, like Olisol, (probably) figuring out how to get the assets.

- A bank loan is negotiated with the help of Soosai/Kumar to enable Tethys operations to continue

yes, need sales....and debt stabilisation

- New markets for Tethys oil and gas products are found with the help (at arm’s length)of Soosai and Kumar

better pricing, absolutely, struggle around how it gets done in practise. There will be no export prices for a least a year. but better oil price can be achieved (but needs resolution with Olisol)

- A realistic medium term financing plan is established to ensure the drilling and extraction of existing proved reserves

can be done with contractor financing, but will need issues with Kaz Trans Gas, Olisol and AGR to be worked out. As if splitting production there will need to be assured product sales.

So there is as much "hearts and minds" stuff as there is financial. Quite a lot of challenges (understatement of the year).