https://canadianinsider.com/node/7?menu_tickersearch=Tpl Lots of options expired, not sure what the value of these were but I bet they were exercisable at substantially higher than today's sp.
Page 5 - near term value enhancing triggers: $75m capital injection front sinohan or kazmuniagaz farm out. Page 15 - farm out conditions precedent - listing of tethys Kazakhstan on Kazakhstan stock exchange required - documents being finalised for submission. Page 16 - gas sales - contract flexible should China gas sales commence in 2015, forecast higher prices upon commencement of gas sales to China Page 30 - Capex for 2015 of $57.8m -
Not mentioned but connected
http://www.oilandgastechnology.net/upstream-news/edgo-bags-two-blocks-gas-rich-region-tajikistan Last paragraph is our licence.
From the rns we can expect the low oil price is now priced in (no drop today), so is this now a bet on whether the sinohan deal completes or not? If all goes to plan we have $71m (or more due to reserves upgrade) coming in, $6m loan to repay, $15m commitment to taj leaving us, as the bod note, 'recapitalised'. This should give the market confidence. Sinohan will fund further development of the gas field, the $6m loan is being used to advance wells as detailed in today's rns, so sinohan will need to match that funding before any further tpl expenditure. Tempted to say this may well be a buy! Just wish the new bod would show their commitment & buy a few shares.
All good so far.
Sorry forgot the link to the energy map... http://energyasia.com/wp-content/uploads/2013/10/EnergyMapOfChina.jpg. And this from seekingalpha -Tethys Petroleum Is Undervalued With A Trigger For Revaluation Likely To Occur In 1H2015 - http://seekingalpha.com/article/2854886-tethys-petroleum-is-undervalued-with-a-trigger-for-revaluation-likely-to-occur-in-1h2015
Here's an energy map.
Here's the energy map showing where china's pipelines come from.
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