Tethys Share Discussion Threads

[temporarily insane] 03/1/2017 19:11

Amazing how all the Canadians are asleep now all the good news is on its way.

[temporarily insane] 03/1/2017 19:08

Wells and Ken look as though they at last have an idea of what the hell is going on!

[hguess16] 03/1/2017 16:55

If the Kumars have been able to sort out the TAG issue and help sort out the EGG dispute in the near future, I see every reason that they will help to find a suitable
reputable KAZ bank to arrange a loan to fund TAG's commitments and also actively search for competitive pricing for oil and gas products as it is in theirs and PAM's interest to get Tethys back on its feet. I would then expect the TPL price to exceed US$0.031 when the Kumars exercise their warrants when it is in the "money" !.

Let us be positive and wish PAM and the Kumars every success in moving Tethys forward
in 2017 !.
So I am voting in favour of both resolutions - the Kumars' warrants and the ALR conversion,

[casual47] 03/1/2017 16:34

A limited bounce though seeing as the fracking industry will boom once more if the oil price gets to $65-70.

The days of a POO of $100 seem over. This will of course also curb the value of our oil assets.

That said, compared to what TPL has been getting per barrel there is HUGE scope to grow as soon as they can get export prices, seeing as they are now making a loss for each barrel, whether the POO is at 50 or at 70.....

[benandemmiboo] 03/1/2017 16:31

As long as the Kumars come through with getting a KAZ bank to provide a loan, don't you think the price will start moving beyond the warrant price?

[temporarily insane] 03/1/2017 16:26

As if by magic as quoted in 2015, 2017 will be the year oil bounces back.

[temporarily insane] 03/1/2017 16:17

As long as it creates a massive surge in the share price they could write anything. We are 1.5 pence above sod all thanks to this lot so they better sort this mess out.

[temporarily insane] 03/1/2017 16:16

They will get the share price higher by the same orchestrated magic that got the share price from 55p down to 1.5p.

[casual47] 03/1/2017 16:13

They are recommending us to vote for the warrants as the funds generated by the Warrants are essential yet they also say the Kumars are unlikely to excercise the warrants unless the share price exceeds the warrant price (3 us cents). So, dear BOD, before you ask for our vote can you perhaps explain how you intend to crank up the share price to 3 us cents (2.45p)? Because otherwise this whole thing is of course rather moot....

PS: good news regarding ICA paying Tethys in full the $3.5 million due to them for the past gas sales. That should keep the wolves at bay a little longer....

[benandemmiboo] 03/1/2017 15:37

This is their persuasive argument for voting in favor at the EGM:


Reasons for, and Benefits of, the Private Placement:

The Board and management of the Company believe that the Private Placement, including the grant of the Warrants
and the issuance of Ordinary Shares upon exercise thereof, is in the best interests of the Company and all
Shareholders. In deciding to enter into the Subscription Agreements, the Board considered numerous factors,
including the following:
Extensive Review Conducted by the Company – Having announced a strategic review process on May 1, 2015, and
working continuously since such time discussing and negotiating potential transactions, including attempted
transactions with AGR Energy Limited No. 1, Nostrum Oil & Gas plc and Olisol, the Board is confident that the
Private Placement was the best alternative available to the Company and the Shareholders at the time that the Private
Placement was entered into.
Necessary Funding – At the time of entering into the Private Placement, the Company did not have sufficient funds
to meet its forthcoming financial obligations. Without the US$1.4 million that was received, the Company likely
would have defaulted on loan payments that were due a few days after closing the Private Placement. Furthermore,
even after receiving US$1.4 million from the Private Placement, there remains significant doubt about the
Company’s ability to continue as a going concern.
The Company requires significant additional funding both to continue to maintain existing operations but, more
importantly, to drill for oil and gas in order to increase production and cash flow, repay loans and generate future
returns to shareholders. Consequently, the Company is exploring all available funding options including sale of
assets/farm-outs, raising new equity and loans, restructuring and conversion of existing loans and development
funding from drilling companies or other investors for specific drilling programmes which would be repayable from
future production contingent on drilling success.
The Warrants, if exercised, would provide the Company with approximately an additional US$6.0 million of much
needed funding at a price of US$0.031 per Ordinary Share, representing a 138% premium to the 5 day VWAP on
November 4, 2016. If the Warrant Exercise Resolution is not approved such that the Restricted Warrants may not be
exercised, the Company will not receive any proceeds from the exercise prices paid in respect thereof and there can
be no assurance that management will be successful in securing alternative funding.
Strong in-country partner in Kazakhstan – An important factor in the decision of the Board to enter into the Private
Placement with the Investors was the urgent need for a strong in-country partner for the Company in Kazakhstan,
following the failure of the transactions with Olisol to complete and the serious commercial and legal issues being
faced by the Company in Kazakhstan.

[benandemmiboo] 03/1/2017 15:31

Among the more positive sections in the Mgmt Information Circular:

In addition to the valuable assistance from the Investors to help the Company resolve the above issues, the Investors
have also been working with the Company to:
 Obtain a bank loan from a reputable bank in Kazakhstan for TAG to enable it to repay and restructure
current loans and to fund operations;
 Market the Company’s gas sales for export;
 Improve the pricing of the Company’s oil and gas products; and
 Engage with the Company’s current corporate lenders with a view to restructuring existing loan terms in order to improve cash flow

[benandemmiboo] 03/1/2017 15:24

They are found under "COMPANY REPORTS & NOTICES" for year 2016. Thanks for letting us know they were posted.

[hguess16] 03/1/2017 15:18

I have been told to expect the EGM documents earliest, tomorrow as they have been posted and should be on the website, according to Tethys !.

[saikat] 31/12/2016 16:28

Seasons greetings TI. Genuinely!

But don't waste another year on this. Have a better year in whatever you do.

We all make mistakes. There is no shame in admitting this to oneself.

[hguess16] 30/12/2016 18:58

PAM and the Kumars with 34% will require another 16% from the other shareholders to
obtain approval of the resolutions at the EGM on 27 Jan.
It would be interesting if Olisol with 12.3% decides to support them as they already
have existing partnerships/relationships with Tethys.
If Olisol votes "No", it risks its own business viability !.
Is it possible to envisage a restoration of normal business relationships between the two parties incl an agreement to re-schedule the $5.8m Working Capital loan ?.
The bottom line, however, for Tethys, is the development of a realistic business plan
which addresses (a)the short term loan repayments, (b) the availability of adequate funds to drill the shallow oil and gas wells in KAZ and (c) the sale of Tethys oil and
gas products.

[yasx] 30/12/2016 14:50

So, it seems Robson is no longer. He did have a mysterious illness some years ago, but recovered remarkably swiftly.

But, no more of the boot going in. De mortuis nihil nisi bonum.

[temporarily insane] 30/12/2016 14:27

Lets bring on 2017 with a company managed and run by professionals and financed properly and a time for positives now

Try to live up to the splurge that is continually on your website as ALL of us have not seen any sign of this so far..........

[benandemmiboo] 30/12/2016 09:16

For now, Tethys playing catchup on updating KAZ stock exchange:

Tethys Petroleum Limited (Cayman Islands) appoints Kenneth J. May as Acting Chief Executive Officer
/KASE, December 26, 2016/ – Tethys Petroleum Limited (Cayman Islands),
whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has
informed KASE that "John Bell is not the Chairman of the Board of Directors; as
of August 2, 2016 Kenneth J. May is appointed as the Company's Acting Chief
Executive Officer."

Details are available on KASE website –
hxxp://www.kase.kz/files/emitters/KY_TPL_/ky_tpl__board_changes_231216.pdf

[2016-12-26]

[casual47] 29/12/2016 20:28

After years of mostly hot air and no delivery, a sound business plan immediately followed by action is desperately needed.

The alr loan renegotiation was a good first baby step forward, albeit highly dilutory.

Next, Cayman loan renegotiation and capex funding in the order of several 10s of millions USD please.

[hguess16] 29/12/2016 20:05

The Tethys Board had to contend with hype about a " Sino Han " deal that was never
approved by the KAZ regulators, opportunist " vultures " who attempted to acquire it,
the consequent lack of confidence that saw the exit of JP Morgan and Capital Investors
and finally the attempted control via the back door by Olisol !.
A sorry and sad episode in the life of Tethys during 2016 !.
Let us hope 2017 brings us a credible cash plan which will bring back stability and a sense of confidence for the future development of Tethys as a successful extractor and seller of oil and gas !.

[casual47] 29/12/2016 12:41

Any news on EGM management circular?