Market Reaction: This announcement might generate what could be perceived as competitive tension. However, this also implies that Nostrum could decide not to make a firm offer. We keep in mind this summer failed transaction with AGR on what appeared at the time as a very high offer. We also note that receiving C$8 mm in two weeks is likely not to be soon enough to pay the October 9, 2015 cash call in Tajikistan and prevent some level of dilution of Tethys' interest in Tajikistan.

05 Oct 2015
NON BINDING PROPOSAL FROM OLISOL

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NON BINDING PROPOSAL FROM OLISOL
Tethys Petroleum Limited. (0PRL:LON) | 0 0 0.0%
- Published:
05 Oct 2015 -
Author:
Stephane Foucaud -
Pages:
2 -
Market Reaction: This announcement might generate what could be perceived as competitive tension. However, this also implies that Nostrum could decide not to make a firm offer. We keep in mind this summer failed transaction with AGR on what appeared at the time as a very high offer. We also note that receiving C$8 mm in two weeks is likely not to be soon enough to pay the October 9, 2015 cash call in Tajikistan and prevent some level of dilution of Tethys' interest in Tajikistan.