I recently added to my Tethys position. I've had a small amount for years, as part of my basket of small oil and gas explorers. They have a regional (and past personnel) connection to some of my other investments, namely Frontera Resources, and previously Canargo Energy.
The ongoing Olisol placement at C$.054 is literally almost double the current share price on the Canadian exchange, (and the previous tranche at US$.10 is 4 times the current price on the US exchange). So that's certainly a… Read More
The peculiar thing here is the focus on Gas, Olisol are oil traders, so why no focus on oil & getting export pricing, clearly a workover is needed to boost production, but the lifting cost was low, so there is clearly something going on that isn't being shared with investors.
Gas production increases would help, so obviously would better pricing, perhaps even more so. But increasing gas production, in isolation does nothing in terms of the debts due next year, so I don't see evidence of… Read More
Olisol is pleased to announce that the Minister of Energy of the Government of Kazakhstan has provided his approval to extend the time for completion of the Transaction. Olisol presently expects that the Private Placement will be completed at the end of October.
Olisol is currently working with Tethys' management to identify ways to increase gas production from Olisol's Kazakhstan production properties.
Sounds like there may be other interested… Read More
Strong Buy.....?? This is positive news, but it's from Olisol, not Tethys, which indicates there is indeed an issue, so you would indeed need to be "Insane" to buy without understanding the full ramifications. There is an implicit message in it that there will be no more money & they expect to crystallise at circa 37% ownership, or am I missing something?
To me it reinforces my feeling it is becoming a zombie company which is increasingly dysfunctional.
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