RE: Aleator secures funding for POV This is what I could find (from Aleator website) re TSU as to why Aleator news could be "good news for TSU":
Aleator acquired its 61.2% interest in the field from a private entity that had in turn
purchased the interest from TSX listed Transeuro Energy Corp (TSU). Under the
agreement, TSU retains a 10.8% interest, with the remaining 28% held by
Crimgeologia (the state body that owns and administers oil and gas licenses in
Crimea). Aleator must pay a minimum of $5m in funding of drilling and license
payments plus $1.5m ($1m to be paid, $0.5m on spud and $0.5m on success) in
cash to earn its interest. Additionally, if AWD does not choose to drill a second
well, its interest in the field will reduce to 36%, with TSU increasing to 36%. TSU
will be free carried on the drilling of these two wells. Under the terms of the Joint
Activity Agreement (“JAA”), which are standard, Crimgeologia is free carried on all
exploration activity until a production licence is granted.