Tethys Share Discussion Threads

[1399peter] 17/4/2024 06:39

Makes you wonder what the disagreement is about. Sale, JV or having to give up a percentage of their holding for a float in the US.

Probably none of the above and just greed.

I'm getting bored now and seeing things that aren't there 😂. Although it would be great if it was the last one.

[1399peter] 17/4/2024 05:48

I believe those conditions on Olisol only lasted 2yrs. So I'm assuming that time has passed.

[1399peter] 16/4/2024 19:46

Mind you the next news could be the announcement of another meeting because they can't approve the minutes of the last one. Jeezzz, on and on it goes.
I'd like to know who and what is causing the delay. Perhaps Olisol is at it again. I seem to remember a condition imposed upon them whereby they had to agree with all board decisions. Has someone removed those shares from Olisol due to a disagreement with a board decisions. Pure speculation of course. But seems an odd coincidence that the minutes are clearly not being approved and the disappearance of their holding.

[dr3dd] 15/4/2024 19:16

Tethys BOD...

[1399peter] 15/4/2024 09:51

The only thing that has surprised me is that Olisol have behaved, up until now anyways.
I still think there's more to it besides the commercial licence though. Perhaps a buyer.

[tankerton] 15/4/2024 09:32

It's always been about control with Tethys. First they try and steal it, then they try and force small shareholders out and now they are squabbling amongst themselves.
It's always been about control and the good news is that with the signing of the production license we should finally find out what they were fighting for.

[1399peter] 15/4/2024 04:42

I didn't get any more info than that. But clearly they're not happy in that camp. But it won't affect Tethys as a whole.

[dr3dd] 14/4/2024 21:49

That is why the board need to be pro active rather than the 10 years or so of reactive.


1399Peter did you question the change of ownership of Olisols shares or whether Olisol ave just changed their name for the next stage of whatevs?

[1399peter] 14/4/2024 20:58

Unless of course we get treated to yet more dramas. I mean anything can happen in Kaz, far too often for Tethys.

[1399peter] 14/4/2024 20:01

Hopefully things will look a lot better by the summer.

[1399peter] 14/4/2024 18:08

The reply from Tethys was a firm "Not to our knowledge"
So I think we can rule out any involvement in Tajikistan.

So perhaps all the excitement at Olisol is based on the commercial license and maybe knowledge of something in Kaz, hopefully pertaining to Tethys recent purchases of adjacent blocks

[1399peter] 14/4/2024 17:01

Yes I was thinking I had read something like that but then,
I dug this out of the 2018 MD&A report. Looks pretty final to me.



Results of Operations and Operational Review - Tajikistan
On December 30, 2017 the Company announced that its subsidiary, Kulob Petroleum Limited
("Kulob"), had been notified of the final arbitration award in respect of Kulob's interest in the Bokhtar
Production Sharing Contract ("Participating Interest") and Joint Operating Agreement and
Shareholders' Agreement ("JOA") with Total E&P Tajikistan B.V. (“Total”) and CNPC Central Asia B.V.
(“CNPC”) pertaining to oil and gas exploration and production rights in Tajikistan.
The Arbitral Tribunal of the ICC declared and/or ordered that Total and CNPC are entitled under the
JOA to require Kulob to withdraw from the JOA and assign its Participating Interest to them and Kulob
should do so.
In view of the circumstances described above, the results of the Tajikistan segment have been
disclosed as a discontinued operation and shown separately from the results of the Company’s
continuing operations. In accordance with the disclosure requirements for discontinued operations,
the comparative figures in the Income Statement have been restated to be consistent with the current
year presentation.
On May 31, 2018, Tethys Tajikistan Limited and Kulob were struck off by the Cayman Islands Registry
of Companies. As a consequence, the Company has lost control over those subsidiaries and
derecognised their assets and liabilities and the related non-controlling interest. The resulting gain has
been recognised in profit or loss.

[wrighty46] 14/4/2024 14:16

Yeah, I remember when it came to the end and tethys pulled/ was pushed out, there was a clause where we could buy back in if we wanted, I'm pretty sure that was the case. Interesting.

[1399peter] 14/4/2024 11:33

Wrighty,

Tankerton's posts have sparked a few thoughts about Tajikistan. I don't know if he has any knowledge about possible Tethys involvement or that it's pure speculation on his part.
As far as I know, we no longer have any involvement in this project. So I have written to Tethys to ask the question.

IMO, it would be daft to rule it out completely. Probably wouldn't happen this year but if all goes well regarding commercial licenses, Tethys could have the cash next year to get involved Bokhtar. It would make sense for the Tethys strategy of becoming a large oiler. And they don't get much bigger than Tajikistan.

[wrighty46] 14/4/2024 10:10

Share your thoughts. I'm intrigued to hear them ?

[1399peter] 13/4/2024 12:02

Obviously the commercial license will be a game changer for Tethys. It will certainly quadruple current revenue, that being a conservative estimate.
But would this alone be the reason for the Olisol infighting, or is something else brewing. Something far bigger 🧐 🤔

[dr3dd] 13/4/2024 00:02

1399Peter, they have to start crawling before they can walk, let alone run and by the time the board sort anything out they will all be in zimmer frames and we will be living on the moon!