Tethys Share Discussion Threads

[benandemmiboo] 01/12/2016 13:46

This site gives some background on the Sanjeev investors, and their other investments (including financials, etc): hxxps://companycheck.co.uk/director/909445582/WINSTON-SANJEEVKUMAR-SOOSAIPILLAI/companies

[casual47] 01/12/2016 13:39

hguess - let's see them deliver before we hail them as the new Messiah.

Your post is more leap of faith than anything.

We have to be optimistic as we are locked in. Doesn't mean things actually are optimistic, they are not.

[hguess16] 01/12/2016 13:27

I have a more optimistic view about the future now that Soosai and Kumar are in and more importantly that PAM/ALR are committing to add 12m shares at $168k to their current 64m holding and also to ensure adequate control at Board level.
With the resolution of the disputes with ICA and EGG in the near future, I am expecting that drilling of gas and oil wells will be back to normal.
Olisol who, I believe, influenced EGG and ICA to create problems for Tethys due to it being left out in the cold, are more than likely to reconcile with Tethys soon.
Oliosl too have much to lose by the current impasse they have created and Abramov might now realise that Soosai and Kumar, with their international market reach, may well be an alternative consumer for Tethys oil and gas products on an arms length relationship and on commercial terms more competitive to the existing arrangements.
To also reiterate comments from Dorset, the new investors were well aware of the risksof entering into a transaction with Tethys.
As for the current lack of movement in the share price, investors are waiting for confirmation/delivery of promises made by the new investors before they make their next move.
I am not too concerned about low volumes and the silly trades being processed at present.
Let us be patient and watch the sick patient, Tethys, recover under the guidance of the new team of "Surgeons and after care specialists" that make up the new team !.

[casual47] 01/12/2016 11:53

D64, until we see action, the Kumars investing a tiny 700K each believing they can make this work is not that different from Olisol investing 11 million USD believing they can make it work....

[dorset64] 01/12/2016 11:50

Casual, do you think you are the only one that has noticed they have a load, irrespective of where it came from that matures in March.

Do you honestly believe that the Kumars invested a 7 figure sum of their own monies knowing that TPL will default on ANY loan?

As you quite rightly point out, talk is indeed very cheap.

[casual47] 01/12/2016 11:37

D64 -- the reason an unsecured loan matters is because if they trigger a default then a few things will happen:
1. All other pending loans will trigger default also
2. TPL will never be able to get credit ever again

Have you tried getting a mortgage with a bad credit score?

The reason why I focus on Caymans loan and not one of the other loans is because it matures in March. Three months from now.

The reason for lacklustre movement following Kumars news is:
1. It was a bad deal
2. Nobody knows the Kumars or what they can do for TPL.

Talk is cheap.

[dorset64] 01/12/2016 11:28

Casual, are you sure you don't live in the Caymans as you appear transfixed by it/them., The Caymans loan is still unsecured so who/how that could bring the Co. down if not repaid is beyond me.

The reason imo for the lackluster share price movement after the Kumars confirmation is obvious, in that the price they come in at is around where we are now. Why would the share price jump 100% or more on the news, it wouldn't. What is does do is to give shareholders confidence that things will, more than likely now be sorted.

I cannot believe for a second that they, the Kumars, would risk a single penny in helping TPL oyut, by jumping on the BoD's and by putting their business name to the company if they, after their completed DD, believed that the Olisol situation would be sorted, that an export licence can be gained and an overall drilling campaign commenced.

What I think is happening is that they have shown the BoD's of their intent by investing a seven figured sum in order to steady the ship, and in return to gain some power by being on the board. In return I believe they will be injecting more funds in the near future in order to finally get the company back on their feet and in turn, return to being a O&G entity although how much oil I'm not too sure.

Other than steadying the ship at this stage of the re-negotiations I am relieved that they are on board and, with their influence in country I firmly believe the whole Olisol saga will be soon put to bed and a return to operations will commence. Furthermore and with the Kumars on board, Olisols hand has not only been weakened or even chopped off, as now they know everything they have tried in the past to destabalise TPL has not worked, and it will be in their own interest to have the previous relationship restored as, without it, they, Olisol have no future or access to TPL's funds/assets without an agreement.

This news was never going to catapult TPL's shareprice 50% or 100% or more but what it does do is to ensure, imo the share price does not drop too much in the near future barring any more calamitous news arising.

[neilyb675] 01/12/2016 08:22

morning

morning

Just opened "1" on the advent calendar. Tomorrow I will open "2".

[seroserio] 30/11/2016 18:20

TPL -the black knight :-)

[casual47] 30/11/2016 18:15

At least TPL, to quote Elton John, is "still standing". So perhaps TPL aren't exactly the puss13s Olisol thought they were.

[ratfan] 30/11/2016 18:01

I remember someone asking Robson in one of his many video interviews if he felt that there would be issues doing be business in the stans due to corruption etc and he assured that things are different now in these area.the more that comes out the shows that they certainly still do business in different way and the risk is therefore many times higher.

[casual47] 30/11/2016 17:38

The Olisol timeline:

1. Olisol publishes unexpectedly a marketwired news release stating the deal will be closed at end of month and Olisol will no longer inject the agreed money, but just convert the working capital already provided, in other words, take up nearly 40% of the company but basically leave TPL without any cash. This gets countered by TPL in an RNS.

2. Mr Skripka starts legal proceedings, with nobody on his side showing up on the first hearing

3. Olisol again unexpectedly publishes (and Abramov arguably in breach of his fiduciary duties as director of TPL) a marketwired news release with lots of dubious claims and some falsehoods about how they were forced to exit the deal and call in default because of loss of gas contract.

4. Mr. Abramov, as Chairman of TPL (again, questionable behaviour re. fiduciary duty), calls in the police and judiciary to investigate theft claims at TPL, which got smacked down after he was no longer Chairman

5. Mr Abramov leaks to some Kaz news papers

6. Mr Skripa contacts a PI(!!), saying how worried he is about what goes on at TPL and would he like a chat, or even meet

What next?

[casual47] 30/11/2016 17:24

Even when Olisol was still playing along all the recent RNS releases only ever talked about gas and developing the gas assets. It seems even then they had given up on oil.

[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