Market Reaction: Neutral. While 3Q15 production to date is somewhat lower than we anticipated, the share price performance will be dictated by ongoing discussions around the take over offer by Nostrum Oil & Gas (NOG LN). Over the period net cash used in operating activities was US$4.1 mm (FCCe: US$0.9 mm).
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2Q15 RESULTS
Tethys Petroleum Limited. (0PRL:LON) | 0 0 0.0%
- Published:
17 Aug 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Neutral. While 3Q15 production to date is somewhat lower than we anticipated, the share price performance will be dictated by ongoing discussions around the take over offer by Nostrum Oil & Gas (NOG LN). Over the period net cash used in operating activities was US$4.1 mm (FCCe: US$0.9 mm).