Market Reaction: Positive as it highlights the quality of the Company assets, which the two parties are now showing an interest in. Tethys' share price is depressed and the price offered by Nostrum leaves material value and upside on the table for the buyer. In addition, this would add important exploration upside in Kazakhstan and Tajikistan that could be material even for a company the size of Nostrum. At first glance, the transaction would add at least £0.50 per share to our RENAV for Nostrum ....
13 Jul 2015
POSSIBLE OFFER BY NOSTRUM OIL & GAS TO ACQUIRE TETHYS PETROLEUM
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POSSIBLE OFFER BY NOSTRUM OIL & GAS TO ACQUIRE TETHYS PETROLEUM
Tethys Petroleum Limited. (0PRL:LON) | 0 0 0.0%
- Published:
13 Jul 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Positive as it highlights the quality of the Company assets, which the two parties are now showing an interest in. Tethys' share price is depressed and the price offered by Nostrum leaves material value and upside on the table for the buyer. In addition, this would add important exploration upside in Kazakhstan and Tajikistan that could be material even for a company the size of Nostrum. At first glance, the transaction would add at least £0.50 per share to our RENAV for Nostrum ....