Tethys Share Discussion Threads

[dr3dd] 16/2/2024 09:43

And now the positive press releases begin....and about time!!

[tankerton] 15/2/2024 10:57

BahamasOil,
The real excitement will come when Tethys are granted their export license. That alone will transform the value of Tethys assets which I'm expecting to have increased significantly by that time. Then I think we will see bidding activities by those who appreciate just how transformational an export license is to Tethys valuation.

[bahamasoil] 15/2/2024 10:04

I am starting to get a bit excited here, thanks all.
As a novice I have turned to Mr Google and his offspring Gemini for information on valuations and it threw up some interesting comparisons with previous deals, listing these three as a starter with the usual caveats.

Here are some examples from the last five years:

ConocoPhillips' acquisition of Permian Basin assets from Shell (2022): This deal involved 2.2 billion barrels of oil equivalent (BOE) for $9.5 billion, implying a price of around $4.32 per BOE. While not solely oil, it provides a benchmark for large unconventional resource deals.

ExxonMobil's acquisition of Kosmos Energy's offshore assets in Ghana, Senegal, and Mauritania (2022): This deal involved around 500 million barrels of oil equivalent for $4.2 billion, translating to roughly $8.40 per BOE. This reflects the higher value attributed to offshore resources with established production infrastructure.

Chevron's acquisition of Noble Energy (2020): This deal involved Noble's diverse portfolio with significant shale and offshore assets, estimated to hold several billion BOE. While the exact breakdown per barrel is unavailable, it showcases a large-scale company acquisition within the industry.

Additional factors to consider when comparing these examples:

Resource type: Shale oil, conventional oil, and offshore oil have different production costs and complexities, impacting their value.
Location: Political stability, infrastructure availability, and transportation costs influence value significantly.
Production stage: Early-stage exploration carries higher risks than mature producing fields, affecting valuation.
Deal specifics: Synergies between buyer and seller, tax implications, and other deal-specific factors can influence the final price.

I then remembered a deal by Oando with ConnacoPhilips in Nigeria (which might be considered a semi-cowboy location) and this might be the best comparison.

Oando did acquire assets in Nigeria, but from a different company:

March 2013: Oando bought a 20% stake in four onshore assets from ConocoPhillips for $1.79 billion. This deal involved approximately 213 million barrels of oil equivalent (MMboe) of proved and probable reserves, along with additional contingent resources.

Oil price in 2013 was $108/barrel

Am I running away with my imagination?

[tankerton] 15/2/2024 09:28

See what I mean.
dplewis1 is just a sick TROLL with a vindictive agenda.
DESPICABLE

[dr3dd] 15/2/2024 08:56

Meanwhile.......Could it be time for one of these.....An extra 25 mill in the bank has to create something eh!

[dplewis1] 15/2/2024 08:39

Not me princess. Maybe someone else thinks you're a multi id ramping bellend.. Nigel softened you up for another N4 placing yet..?

[tankerton] 15/2/2024 08:17

j4ckster.
Take a look at my posts. You will note that every single one has been voted down. Such is the mentality of my TROLL.
DO NOT let it detract from last night's good news or the game changing nature of Tethys near term future.

[j4ckster] 15/2/2024 07:17

Nice news! I´m also wondering when those lost reserves will be found :)

Thx for posting Tankerton, can´t believe someone gave you a thumbs down.

[dr3dd] 14/2/2024 23:31

Great news, you beat me to it Tankerton with the news release. Time to start buying more shares me thinks before lift off. Could this be the year of Tethys Petroleum????


Well done Tethys Petroleum team.

[cutliff2] 14/2/2024 23:11

Thanks for the update Tankerton.
Those reserves lost down the back of the settee will appear soon no doubt.

[tankerton] 14/2/2024 22:55

A big reduction in liabilities, now there's a surprise
What next, a big increase in reserves?

[dr3dd] 14/2/2024 17:16

Meanwhile we should all be using this opportunity to be buying shares. It is not going to be this cheap when the news drops....Bill Wells knows hence why he was buying pretty much everyday since the latter part of last year before he was not allowed to buy due to price sensitive news.

[dr3dd] 14/2/2024 17:05

1399Peter,

[1399peter] 14/2/2024 16:47

Nice to see nothing has changed in Kaz. Two weeks will soon feel like four, five or longer 😴.

[1399peter] 11/2/2024 19:26

Well perhaps next week, we might find out about the licenses and then it'll be all systems "go" for the lights to be turned on in April. As Borat would say "It's Nice"

[tankerton] 11/2/2024 17:38

I think from all the manipulation we have seen in the past that it's clear that the concert party would like to take the company out as cheap as possible but they cannot force a sale all the time Bill holds his stake. So what do they do?. They cannot force a sale unless it's at a knockout price that's acceptable to Bill who obviously knows the true value of Tethys.
Luckily we can see the answer already because of the push to sign off the production license. By doing that it is a clear sign that the aim is to grow the company and either benefit from that growth themselves or having grown the company to then sell it on to those with deeper pockets.
Either way I think Tethys is a takeover waiting to happen. It's just a question of when.

[tankerton] 10/2/2024 20:27

It depends on what way you look at it Peter, a bid could come sooner or later on depending on who is pulling the strings and what their plans are for the company.
It is for that reason that the size of Bills stake is so important.

[1399peter] 10/2/2024 18:57

Tankerton,
The article is interesting as the the most logical route for KTO too Druzbha pipeline is through Samara in Russia. Or through Ukraine. Political hot potato either way.
I think we would all love to see an offer come in shortly after export licenses are granted. But realistically they need to complete those seismic surveys and find a few more billion barrels to achieve a good exit price. Or the offer needs to be over $10b

[tankerton] 10/2/2024 18:10

Peter.
KMG need to bolster reserves.
Tethys need an export route to world markets.
Tethys are talking to KMG about accessing their oil pipelines that would give them access to world markets.
Which will happen first, Tethys gets access to world markets or Tethys get taken out for their reserves.