Tethys Share Discussion Threads

[wrighty46] 28/3/2017 11:26

Can't see it being before Friday, hope I'm wrong.

[temporarily insane] 28/3/2017 11:12

Volume good????

[wrighty46] 28/3/2017 10:34

Volume good, price holding, not a clue which way this is going. Roll on Friday.

[brad44] 28/3/2017 07:06

i remember a time when we could get excited about gas and chinese pipelines...

[casual47] 27/3/2017 22:16

TI, if they get their act together and drill some wells so that output can be increased enough to be awarded an export license then they are sitting on a black gold mine...(this will require many 10s of millions of capex)

The reason we have an share price at 1p is because they have as of yet not got their act together and the market seems to not be convinced they can.....

[temporarily insane] 27/3/2017 22:14

If its all so negative so far casual47, why is Bill Wells and others trying so hard to turn this company around?

[casual47] 27/3/2017 22:09

Hguess, you completely miss the point, as usual. Why can't you just accept the facts?

Unless TPL reworks/does a workover of the wells in production it will keep declining. Reworking/workover means MONEY, lots of it.

They can of course add new wells, but for that they need to drill, which means MONEY - many millions.

So for the last three months we can be sure:

1. they still lost money on oil, even if PRAX-AK did pay 10% more than Olisol.

2. 742 bopd is peanuts and even if Prax paid a full 2 dollars above cost (which they won't) that only brings in 40k USD per month....

[hguess16] 27/3/2017 21:55

Casual,
The " natural decline in overall production " does not mean that there is less oil in the wells !.
Take a look at Tethys website, the proved wells capacity is shown as over 13.5m
barrels of oil.
If the oil has not yet been extracted, the oil is still there !.
The problem could be the lack of adequate trucking capacity and failure to devise a
more effective/efficient method of extraction.
Based on the effective steps taken since Wells and May took over and with a more
efficient collection and distribution of oil from the wellhead, the problem of extraction and distribution to the terminal will be solved.
So, while I am willing to listen and try to understand your point of view, it is rather difficult to sit back and take in the views of a "doom and gloom merchant" who in the past was even willing to accept that Olisol could use the working capital supplied to TPL in order to acquire its shares instead of abiding by the terms of the Investment Agreement.
Do you now accept that Olisol was wrong or are you in denial about their ulterior motives in trying to steal the company ?.

[temporarily insane] 27/3/2017 21:34

Maybe the management need to get their hands dirty and open up a few oil taps and stop with all the excuses and delays.

[casual47] 27/3/2017 21:12

From Q3 2016 report:

Oil price they got averaged USD 7.81

Oil production cost per barrel was USD 8.84 (it was USD 6.26 in Q3 2015).

Oil production in Q3 2016 was 742 bopd, compared to 1702 bopd in Q3 2015, due to "natural decline in overall production"

The more it declines, the higher the costs.

[casual47] 27/3/2017 21:00

D64 - where did you get the info?

TPL was losing money with Olisol on oil sales. Does the 10% tip the balance?

The main issue with the oil, as i gather, is dwindling output which increases cost per barrel.

Until they have more wells operational this won't be fixed.

[dorset64] 27/3/2017 20:52

Casual TPL are receiving approx 10% more from Prax than we got from Olisol, with the fact we actually get paid directly and up front to a degree, as opposed to Olisols non-payment wgatsoever.

[temporarily insane] 27/3/2017 20:37

"It is unbelievable that it takes that long"...........

Thats what I have been thinking!

[1399peter] 27/3/2017 20:06

Cheers lads

It is unbelievable that it takes that long. I wonder if our providers will have a re-think about trading with TSX

[wrighty46] 27/3/2017 20:02

Casual keep posting I say. Some good stuff in there previously.?

[wrighty46] 27/3/2017 19:48

Casual I held my hands up to that one, so you have got me there, naivety maybe, well probably. But I do have 5 weeks from buying At all time lows to sort it out. So many pi's sell out because they just don't understand what is happening, or it is one step to far as is the case here maybe. Honestly, if I wasn't already invested here and stumbled across this company would I invest now? I think we both know the answer to that one. Each to there own, I still think value can be extracted here, think we may find out pretty soon. I'm in, some are out, and others are waiting for a final nail to stay out or positive news to jump in.

[casual47] 27/3/2017 19:42

Hguess i guess that makes me the exact opposite of you. Aren't we lucky to have both points of view represented here?

Do you have a problem with people hearing my view - would you rather just hear yours?

You do seem to complain a lot about my posts and seem keen to have me keep quiet.

[redstone64] 27/3/2017 19:24

I also read the same about the 4 weeks transfer and like wrighty46 experienced the long lead time when Selftrade changed ownership as well as similar when transferring a SIPP myself.I'm not sure if it would take so long for just one stock or for the whole ISA. From what I see the transfer is dependent on the current provider acting quickly to initiate the process. Therefore it probably will depend on them first and vary from provider to provider.The good news is that setting up the account as I ended up doing with TD today was quick and easy. Just the matter of consolidating the holdings or deciding what to do.

[hguess16] 27/3/2017 19:24

Casual,
I hope none of the PI's think like you do !.
You come up with any excuse in order to dampen any opportunities that might arise !.
Everything seems to be a risk to you !.
I was only taking an opportunity to reduce the cost of my Tethys holding purely due to
an unintended consequence of the Tethys decision to focus on TSX, its primary exchange and delist from the LSE.
You think the whole world is against you and you see danger at every turn !.

[casual47] 27/3/2017 19:14

Wrighty, didn't you notice the drop? PIs exiting is why we are closer to 1p than 2p.

I have seen it happen many times. Including once where they delisted from AIM to remain on ISDX, a UK exchange. The last day the share price dropped near 80%....

Risk is something you don't know might happen or not so you protect yourself against it.

SP falling further as we near final delisting date is one such risk.

Oh and....You assuming PIs are naive about selling out on actual news without knowing their reasons is about as nonsensical as PIs buying TPL shares in their ISA without knowing they can actually keep them when delisted.....

[wrighty46] 27/3/2017 19:04

Casual we can't control what individual pi's do some are naive and dont understand what is happening. Others will buy on the fall. really don't see that as a risk, it's people taking positions either in or out. It's a given that some will sell. But we do have a buyer, by the looks of it in the background now. I'm actually quite optimistic here going forward over the next few weeks.

[casual47] 27/3/2017 18:54

Delisting does hold risk.

We may only have seen the tip of the iceberg re. PIs that decide to sell out.

[wrighty46] 27/3/2017 18:52

De listing doesn't add significant risk. If you hold your shares in a company that won't accommodate TSX trading there should be a foc transfer offered. The downside is dealing costs and exchange rates, we won't get any favours there IMO. But risk is still the same.