Another Afterhours RNS not a bad deal considering the sentiment to small O&G players at present.Warrant set at 10.5p which might explain some of the shenanigans over last couple weeks.Sp was at 13p+ not long ago but sentiment and POO took a tumble last week as many will know.Without these funds - TPL would have got spanked by the market. New management team have performed very well thus far. Long may it continue........................................................16 Jan 2015 16:333TethysFOR: TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL January 16, 2015 Tethys Petroleum Limited: New US$6 Million Loan Financing GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Jan. 16, 2015) - Tethys Petroleum Limited ("Tethys" or the "Company" (TSX:TPL)(LSE:TPL) is pleased to announce that it has signed an agreement for a US$6 million loan facility. Key terms - Financing: Unsecured loan facility - Principal: US$6 million - Term: 2 years - Interest rate: 8% p.a. - Warrants: 35,600,000 - Warrant price: C$0.19 - Lender: Cayman based private entity
RNS Just out. Looks good.
Re: New Board The new board promised they would sign a new contract for their Khazak gas sales by the end of the year - and here it is. Onwards and upwards![link]
Re: New Board Another to have a look at is PPC. These little oilies do have potential but can take years and years to come to fruition, they really are high risk high reward companies. The sort to throw a small amount of dough in and spin the wheel..
New Board Thank goodness. Review this investment in three years, but will trade into the spikes.
shorting Why would any sane person buy shares in this casino.Why are shorters allowed to destroy companies.They are killing the goose that lays the golden eggs-eventually they will have to tear chungs out of one another-i hope they all end up eithout a pot to pissin.
Re: New board I know what you are saying but I am just a bit weary with a change to the board and new people come to the trough.Lets hope the Kazakh gov will let us move forward soon and they have to be care full as companies will not want to invest because of beaurocracy or corruption butwe are a small company and do not have the clout of cnooc for instance.
Re: New board Crikey, they've only been on board about 2 weeks, give them a chance.! Already they've started to get a grip on cutting G&A costs , rather than the false promises and a bloated organisation we had previously under Robson - or can anybody give me a rational explanation of why we had an office in Washington?.
New board So has anything changed or do we have some new people who are going to give themselves some tasty share options but say cut costs, we shall see.We all know how big this share could be but if the Kazakh gov do not want us to progress for some self interest by just sitting on this deal and the gas negotiations what can we do.Maybe someone knows its good to put the squeeze on us what with our Tajik assets and all.