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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Timan | TMAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 12.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.50 | 12.50 |
| Top Posts |
|---|
Posted at 02/8/2020 13:18 by cl2201 @excell - It looks as though the first and final dividend will be paid to the creditors "shortly" which could mean the CVA is completed at long last. The document only deals with that side of things.As for where the company would stand post-CVA we can only hope Anteo can update us on that. |
Posted at 02/9/2018 13:51 by excell1 My occasional look in here. I appear to be the last one posting.With no word from Miami (even after saying that there would be an update in the first half of 2018).Things don't seem to have progressed or if they have he is certainly silent on the matter.It should have all come to a head in 2018.Hmm I guess no dividend again this year LOL. |
Posted at 07/7/2018 09:53 by oli12 I see the 2018 annual report has been uploaded to the ips-docs site - no dividend this year. Hopefully this will all be over soon. |
Posted at 15/7/2017 12:00 by kibes I couldn't get a copy of the CVA report on the website but I have got a hard copy. Total claims against the company are £7.6 million. There is only £105,000 cash to pay them with. Any assets not realised (if any) which the company continues to own are not included in the CVA. The CVA will shake off the creditors, but it is not clear to me whether TMAN will continue to own or have rights to anything afterwards. |
Posted at 05/7/2016 11:37 by backtothesoil TelemahkThe lower the pound trades against the dollar, the more the company is worth in pound terms, not less. Oil is always quoted in dollars and oil companies are valued in dollars. A 25% drop in value of pound against the dollar is a 25% rise in the pound value of tman. |
Posted at 20/6/2016 19:38 by excell1 And another divi not paid! |
Posted at 09/5/2016 11:28 by olivercromwell I have no idea who to believe or who I should be thanking for saving Timan from insolvency if indeed that's what is currently happening. I believe it was Churchill who famously once made reference to Russia as 'a riddle wrapped in a mystery inside an enigma'. Such a description could equally apply to events surrounding TMAN and indeed the company itselfThanks anyway OC |
Posted at 03/12/2015 07:19 by cfccfc1970 cfccfc197023 Nov'15 - 13:29 - 9759 of 9772 Miami, Many thanks for your help. Grateful if you or someone from the company can explain the ramifications of this deal and the way forward for Tman should this deal go through. In essence what are Tmans assets, eg 25% of NGPT, can someone state what the proved and probable reserves are. What other assets do Tman hold Will Tman be debt free Will Tman be in a CVA or will all debts / creditors have been paid If no debt what is the plan moving forward to realise value What is Araca view business plan. Miami any clarification be grateful. |
Posted at 23/11/2015 13:29 by cfccfc1970 Miami,Many thanks for your help. Grateful if you or someone from the company can explain the ramifications of this deal and the way forward for Tman should this deal go through. In essence what are Tmans assets, eg 25% of NGPT, can someone state what the proved and probable reserves are. What other assets do Tman hold Will Tman be debt free Will Tman be in a CVA or will all debts / creditors have been paid If no debt what is the plan moving forward to realise value What is Araca view business plan. Many thanks |
Posted at 21/11/2015 18:12 by backtothesoil chris catmy take for what it's worth and happy to be corrected. tman to farm out 75% of NGPT, its subsidiary that owns the huge NCHM oil field, to investors including Neftisa Oil company, one of the larger Russian oil companies. The investors will be responsible for all ongoing costs at NGPT leaving tman as a pure holding company. Tman to receive loans from the investors of $16.5m at 12% interest. This cash to pay creditors and also to pay for seismic programme for Geoterm, another tman subsidiary, in the Caspian sea so securing licence retention of this asset. Tman board believe the 25% of NGPT still retained, and now operated and developed by Neftisa, is worth more than the 100% currently held as it is impossible, with the political situation in Russia, to raise the money to develop the asset with the almost certain loss of the licence. The proposal requires shareholder approval. The vote will take place at a general meeting on 4th December. |
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