Tethys Share Discussion Threads

[casual47] 10/2/2017 19:10

Before we start licking our lips let's see TPL and Kumars "show the money".

Some concrete news on capex for drilling and refinancing is long overdue and very much welcome.

I expect to see at least some of this news next week or two.

[temporarily insane] 10/2/2017 18:47

I am beginning to love this company at last.

[hguess16] 10/2/2017 18:35

Agreed Dorset64.
What I am expecting next is news of the funding plan and the new marketing deal with,
I hope, the Kumars being involved.
I also look forward to Winston Sanjeev Kumar Soosaipillai joining the BOD in the near
future as he would add value to the Tethys business with his knowledge/experience and his own State Oil Group in the UK and globally.
Medgat Kumar adds value with his trading and refining businesses and connections in KAZ.

[dorset64] 10/2/2017 16:38

Just a scenario....Should Tethys win in the courts and with gain a ruling of a few or many $10m's as compensation. Over the coming months Olisol refuse or more likely cannot pay up and in turn their 'assets' are legally siezed and thus, their 50% stake of the Aral Terminal is turned over to Twthys as settlement. If I was Bill that is the exact line I would be taking and is why Olisol are so desperate to discredit TPL with the bogus press releases. They have now realised that hold a very weak bat and likely will lose the lot to an 'organisation' far far bigger than them & of whom hold much more influence in the local area. Dont forget the importancw of the Kumars role in throwing out all previous Olisol attempts to discredit & withhold monies from Tethys, as well as them arranging for outstanding monies being settled immediately. Olisol this time have picked the wrong fight this time imo.

[casual47] 10/2/2017 15:56

I'll already be happy with getting this thorn out of our side once and for all and finally move forward with the Kumars/Salzhanov/whoever.

Should anything come TPL's way by means of compensation that would be a nice bonus.

I expect TPL and Kumars haven't built their business plan around it.

[1399peter] 10/2/2017 15:44

How the tables have turned, here's hoping TPL can get their hands on 63m shares and a few other assets.

[casual47] 10/2/2017 14:47

Why stop at $50m...let's shoot for a gazillion billion

[hguess16] 10/2/2017 14:31

ratfan,
Thanks. This is a much needed boost for the downtrodden Tethys !.
I hope Tethys recovers at least $50m for the losses incurred by Olisol's breach of contract of the IA and the consequential damage resulting from their subsequent unlawful acts in KAZ !.

[casual47] 10/2/2017 12:23

Would be interesting to know if Olisol are participating in the CA court proceedings. It wouldn't surprise me if they don't show up at all.....

[temporarily insane] 10/2/2017 12:14

Lets see naimanka74 prove the negatives in that RNS. No negatives for Tethys thats for sure!

[fbrj] 10/2/2017 12:02

Yes, good positive response! Also showed up on my m o n e y a m screen.

[temporarily insane] 10/2/2017 11:43

"The Tethys Board would like to inform shareholders and other interested parties"

At last the Board are recognising the shareholder.

All the pieces of the jigsaw are fitting together.

[temporarily insane] 10/2/2017 11:30

Regarding the recent RNS (thanks to ratfan (and not the ADVFN RNS system).

Well it looks now as though Tethys Petroleum is getting its strength back! There is a lot of power in that RNS. Hooray.


THIS COMPANY WILL BE GOING PLACES. THE FUTURE IS VERY VERY POSITIVE.


Congratulations to Bill Wells, Ken May, the Kumars and anybody else who is involved in the professional running of Tethys Petroleum.

Now lets bring on the shareholder value.

This is not a company worth 1.5p per share.

[temporarily insane] 10/2/2017 11:25

And the share price has done......................nothing!

[casual47] 10/2/2017 11:10

Do our fellow Canadian posters know if there is a website from which we can glean info on the court proceedings? Is it public?

[casual47] 10/2/2017 11:01

So I guess this means they are not in arbitration but in the regular court system since October.

[casual47] 10/2/2017 10:54

Fight! Fight! Fight!

Let's hope the Canadian legal system is swifter than that of Kaz.

[ratfan] 10/2/2017 10:43

Update on Olisol beef

February 10, 2017
Tethys Petroleum Press Release Friday, February 10, 2017 - Announcement from Olisol Petroleum Limited
GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Feb. 10, 2017) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") acknowledges the public announcement by Olisol Petroleum Limited on February 9, 2017 regarding the validity of Tethys Extraordinary General Meeting ("EGM") held on January 27, 2017.

The Tethys Board would like to inform shareholders and other interested parties that the Management Information Circular dated December 22, 2016 mailed to shareholders did contain all material information required for shareholders to make an informed decision at the EGM and the EGM was conducted in accordance with proper procedure under applicable laws as well as the Company's Articles of Association.

Prior to the EGM, Tethys and each of its Kazakhstan subsidiaries commenced legal action against Olisol Investments Limited, Olisol Petroleum Limited and certain of their respective principals and/or affiliates in the Court of Queen's Bench of Alberta seeking, among other things, damages arising from failure to meet contractual obligations under an Investment Agreement between the parties on October 27, 2016 and damages arising from unlawful interference with Tethys' business activities, including issuing erroneous press release information about Tethys as alleged. Tethys intends to enforce its rights and legitimate interests to the fullest extent permitted by law, to protect its investors, assets, investments, management and employees.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

[temporarily insane] 10/2/2017 10:25

Deleted 'cause I was incorrect. ;-)

[hguess16] 09/2/2017 19:21

Sorry Casual, I had Olisol on my mind !.
I meant no offence !.
I'm saying that Tethys did it to prevent Olisol from exercising any form of control using their 63m shares. So Tethys took action by converting debt to equity in order
to increase their holding and ensure a vote in favour of the resolutions.
I simply don't see any problem with that move and would do the same myself.

[casual47] 09/2/2017 17:59

Their statement did read like a whole lot of wah wah wah