Tethys Share Discussion Threads

[temporarily insane] 18/1/2017 10:21

Interesting post from red_baron over on stockhouse............

[temporarily insane] 18/1/2017 10:18

Has anybody had any answers back from the Board of Directors regarding the questions that Dorset64 sent a month or so ago?

[casual47] 17/1/2017 22:45

Did they agree on a third person for the three person arbitration panel yet?

"currently, around half of all cases referred to the LCIA that run their course from Request for Arbitration to Final Award are typically concluded in 12 months or less, and more than three quarters in 18 months or less."

If the above is anything to go by the Taj arbitration hearing should conclude May-November.

[hguess16] 17/1/2017 18:30

Well said TI !.
I too would like to focus on the future prospects for Tethys with the hope that both
the Kumars' and PAM get the business of drilling and marketing oil and gas products
well on the road to recovery !.
Whilst I accept that PI's are always considered to be at the end of the queue, when it comes to returns on their investment, it is reasonable to assume that the two big investors see some value in Tethys future prospects, hence their decisions, especially PAM to stick with it and move the business forward.
Let 27 Jan be the start of a new chapter for the new management to get its act together and deliver the long awaited ROI to its long suffering shareholders !.

[temporarily insane] 17/1/2017 17:47

Hopefully we can now look forward to some drilling once the 27th has passed by.

[casual47] 17/1/2017 17:40

Regarding 2. - an assumption among us PIs has been that the Nostrum deal fell through because they wanted the loan they gave TPL to be secured against all assets, i.e. in an administration scenario POPE/ALR with their loan would have had to go to the back of the queue to pick up whatever crumbs were left after NOG got their money back, if anything. If you value your loan more than your shareholding then it makes sense to see that as a blocking issue.

[dorset64] 17/1/2017 16:46

Casual, why not explain what you have written as perhaps then your brick wall may have windows in it.

I took your post to be somewhat tongue in cheek remark but instead of lambasting anyone, why not just explain it better.

[hguess16] 17/1/2017 12:52

Casual, " After all these years I'm surprised they haven't written the shares off"
I can only read and understand what you said !.
Is there any other meaning to your statement ?.

I think it would be premature that PAM to have written it off !.

[temporarily insane] 17/1/2017 12:38

Time for the board of Directors to get some other II's on board.


Time to go out shouting from the rooftops how much of an amazing company Tethys is about to become.

[casual47] 17/1/2017 11:57

Hguess, how about for once you try to understand what someone has written, rather than what you think it means.

[hguess16] 17/1/2017 11:55

Casual,
It is most unlikely that PAM has written it of as Bill Wells, the founder of PAM is now the chairman of Tethys !.
JP Morgan and Capital Investment, ex investors, of Tethys have certainly written it off !.
So to suggest that PAM has written its 64m share value is premature !.

[casual47] 17/1/2017 11:26

IIs don't look at these things like PIs do, i.e. "must get at least my average". So caclulating their average is not really helpful.

Afte all these years I'm surprised they haven't written the shares off yet.....

[hguess16] 17/1/2017 08:37

Ben,
Pope initially acquired 64m shares in TPL at a price ranging from between $1.00 - $1.25 per share during the period 2008-2011 in which case they would have paid at least $70m for the 64m shares. The share premium account in the balance sheet reflects
the excess paid by investors to acquire the shares during this period.
So although they would be paying $0.01593 for 23.9m and $0.031 for 186.3m conversion shares, Pope's average for the 274.2m shares incl the 64m shares would be over $0.25 per share.

[benandemmiboo] 17/1/2017 01:00

Can someone explain the EGM as it ocncerns POPE? While the Kumars invested at a price above then-share price, it seems if I read correctly that Pope's revised loan effectively reduces their break-even price significantly, to the point where they may be now making a profit at 3 cents USD as well. Is this true, or am I way off? Thanks in advance for any clarification.

[dorset64] 16/1/2017 22:39

Casual, reference to the change in office locations, I honestly don't know but would make sense if correct.

[dorset64] 16/1/2017 22:37

naimanka7416 Jan '17 - 19:34 - 13052 of 13053

Basically they said it no longer fitted any investment criteria they had. There was no longer any "dream" being sold as the collapse in oil prices illustrated how weak the position of Tethys was.

=====================================================

lol That exact sentence can be levied at every single Oil company in the world. Jeezzzzzzzzzzuuuuusssss

Tell me one oil company, that drills for oil, that looks for oil, that sells 0il that is not affected by the price of oil. Its not rocket science ffs.

[rarelypost] 16/1/2017 20:49

So what next?

[naimanka74] 16/1/2017 19:34

The former holders essentially said that it became "uninvestable" for them due to a number of reasons.

1) Contraction in Market cap
2) Erratic decision making (Nostrum)
3) Loss of confidence in Board/Governance (Nostrum)

As an aside they said Plena had been a shareholder (few million shares) for quite a long time, thus the new board member, I guess to help Pope against Olisol.

They were aware of one PI with considerably more shares than Plena.

Basically they said it no longer fitted any investment criteria they had. There was no longer any "dream" being sold as the collapse in oil prices illustrated how weak the position of Tethys was.

No smoking gun.

I don't recall writing anything positive about Olisol (correct/remind me if I am wrong), I predicted they wouldnt complete (correctly) and hypothesised that they had borrowed the money (because I didn't believe they had it themselves). However they did invest a lot of money, so would imagine they must be considering their next steps, who wouldn't.

Robson may not have known how to run a business, he did however know how to talk one up, if SinoHan had completed people would have said he was a genius. Revisionist History......

[hguess16] 16/1/2017 14:23

Thanks Dorset. The move to consolidate and reduce overheads is promising !.

[casual47] 16/1/2017 14:14

I wonder if the move to a different region could be to fall under a different judicial administration that is, perhaps, better disposed to TPL/Kumars than the Almaty one.

[temporarily insane] 16/1/2017 14:11

Hmmmm....


"This highly prolific oil and gas area is rapidly developing"

[temporarily insane] 16/1/2017 14:03

Thank you to Dorset64 for the heads up.