Tethys Share Discussion Threads

[zangdook] 03/1/2018 08:25

I wonder how much money TPL wasted on legal costs trying to hold on to the valueless Tajikistan interests after they were obviously forfeit.

[temporarily insane] 02/1/2018 18:18

Waiting for something to happen.

[hguess16] 02/1/2018 18:07

Olisol press release.
" Taking into account that this court order was affecting the rights of Olisol, Olisol
appealed to the court asking to cancel this court order".
I wonder if Olisol is referring to its EGG/TAG dispute and its rights related to the
exclusive contract signed with Robson.
If so, it seems presumptuous as the case is subject to appeal in the KZ Supreme Court.

[casual47] 02/1/2018 16:23

Found the below. It all sounds pretty nonsensical to me so I have no idea what to make of it. Probably safe to ignore and assume it's total gibberish.....



HONG KONG, Dec. 25, 2017 (GLOBE NEWSWIRE) -- OLISOL Petroleum (hereinafter – Olisol) today announces that Great Wall, a company from China, filed a claim against TethysAralGas (hereinafter – TAG) on payment for drilling of $2, 726, 413.

With court order dated December 6, 2017 Specialized Interdistrict Economic Court of Aktubinsk region claimed from TAG $2, 726, 413 for the work performed and $40, 896 as court fees.

Taking into account that this court order was affecting the rights of Olisol, Olisol appealed to the court asking to cancel this court order.

On December 14, 2017 Specialized Interdistrict Economic Court of Aktubinsk region canceled court order on Great Wall’s claim. Great Wall may lay its claims to TAG by means of ordinary court proceedings.

Also, after having analyzed alternative offers on gas wells drilling Olisol believes that the contract price of Great Wall was overstated and requires auditing within the scope of interests of all Tethys Petroleum shareholders.

Olisol shall insist that TAG’s management makes a full disclosure of information on gas wells drilling contract and cost of expenses on this contract.

Previously, TAG brought a complaint against actions of enforcement agent to the court of Aktobe city regarding enforcement proceedings dated October 30, 2017 on debt collection from TAG in the amount claimed by EGG.

On December 20 and 25, 2017 the court of Aktobe city passed Judgment and legitimized the actions of enforcement agent. Both complaints from TAG were rejected.

[hguess16] 02/1/2018 05:53

TI,
I too am awaiting a positive response from Tethys Mgt and hope that the 4th Qtr results which should be due by end Jan will provide us with an update.
As regards TSX-V, it seems that TSX seems to have ignored the Canadian Court ruling against Olisol in asking Tethys to consider listing on the minor TSX-V.
I do not think this would affect trading of TPL shares as there is no transfer to another jurisdiction which occurred in the LSE delisting.
In any case SEDAR will provide an update before end Jan on whether the application to list on TSX-V has been successful.
I presume that with the TPL price trading at all time lows 1-1.5 Cents, TSX decided that the minor TSX-V was more appropriate for TPL.
As I see it, until the EGG/TAG dispute is resolved in the KZ Supreme Court or amicably ( if this is possible), we are unlikely to see any progress.
The latest press release from Olisol indicates that they are determined to fight
their corner as they are at risk of losing their EGG oil business and AOT arrangement struck with the management.
This EGG/TAG dispute has created a financial mess and resulted in a great deal of uncertainty for all shareholders in Tethys incl Olisol who hold 63m shares and have
lent W/C of $5.8m.
Olisol seems to be adopting a " do or die " strategy here.
If they win the EGG/TAG case, they may expect to assume some sort of control of TAG which would weaken Tethys in KZ. If they lose, it could be a serious financial blow
for them in KZ.
Olisol looks to be playing a game of Russian roulette in their own backyard !.

[mount teide] 31/12/2017 15:43

At least Tethys and Skyland shareholders can look back and draw comfort from the fact that it was not just them that were hoodwinked by Old Robbo's underhand, venal, and self serving behaviour but, seasoned industry professionals like Total and CNPC too, and for $63m.

[casual47] 31/12/2017 15:31

Good find. Pretty much as expected: Taj assets will be given up and no further associated costs to be expected as the TPL parent company is not a guarantor.

Total has plenty of money so let's hope they don't try to bully TPL in paying anything further by taking the TPL entity to court. I'd be surprised if that were the case, assuming my understanding of the legal set up is correct.

[clive_h] 31/12/2017 14:27

also on ://www.newsfilecorp.com/release/31664/Tethys-Petroleum-Tajikistan-Arbitration#.Wkjx3TfLfDc

[northwestwirral] 31/12/2017 11:47

Tethys Petroleum: Tajikistan Arbitration
Grand Cayman, Cayman Islands--(Newsfile Corp.
- December 30, 2017)
- Tethys Petroleum Limited


hxxp://www.newsfilecorp.com/release/31664/Tethys-Petroleum-Tajikistan-Arbitration#.WkjOAN9l-00

[temporarily insane] 27/12/2017 12:19

Hguess16 seems awfully quiet regarding all of these matters.

[escapetohome] 26/12/2017 12:14

Is it better to just write off your investment here?

It looks as if this is not viable, some situations are not viable. Its better to write off your investment in those situations.

Maybe theres one in a billion chance you will get back your money here.

[temporarily insane] 25/12/2017 23:06

Did Oli not lose the court case in the courts of the Canadian justice system.

[temporarily insane] 25/12/2017 22:58

Time for Tethys to step up.

[clive_h] 24/12/2017 13:35

'Tethys-New thread for a new board and a New year' - board still going.

[neilyb675] 24/12/2017 12:01

time to bring this board back to life..........seeing as the other one has been deleted it seems....

anyone out there ????

[temporarily insane] 23/12/2017 03:57

Complete incompetence

[fido] 22/12/2017 20:12

Tethys Petroleum Limited
Tethys Petroleum: Update on TSX Listing Review

Grand Cayman, Cayman Islands--(Newsfile Corp. - December 21, 2017) - Tethys Petroleum Limited (TSX: TPL) (the "Company") today announces that the Toronto Stock Exchange ("TSX") has agreed to extend its Remedial Review Process for an additional 30 days from today as the Company is in the process of applying to transfer its listing to the TSX-V. The TSX is aware of the application and has allowed the extra time for the application to be processed. There is no certainty that the TSX-V will approve the Company's listing application.

Contact Information:

Tethys Petroleum
[e-mail]
www.tethyspetroleum.com

[temporarily insane] 22/12/2017 11:23

Can these Directors actually succeed. I certainly hope so.

[temporarily insane] 22/12/2017 09:58

cowls, I have not seen any evidence of him selling but when he was kicked out, I assume the shares allocated for his incompetence were thrown in the bin.

[clive_h] 22/12/2017 09:19

cowls - Thanks for info. Like you I have fingers crossed for a better future - have hung in here for so long I feel that there's little point in throwing the towel in now...??

[cowls] 22/12/2017 09:09

TI - do you know if JTCOD is still invested in TPL?

[cowls] 22/12/2017 09:07

Clive_h - looks like tsx-v is tradable on II as I can see other tsx-v stocks from my account. Not happy but perhaps tsx-v is a more appropriate exchange for Tethys considering its current mkt cap. Last results were promising so fingers crossed and they sort out Olisol we might have a better future.

[clive_h] 22/12/2017 07:40

Does anyone know if this transfer from TSX to TSX-V will affect the ability to sell/buy shares here?
Prior to the end of the London listing I transferred my shares to TD Direct, now 'ii Interactive Investor', and am able to sell and buy through them with no problem. However I am concerned as to whether or not this will still be the case should the proposed exchange transfer take place..??