RE: RE: ResultI think u are a kind of a dreamer. Even if they announce very good flow test result on the 2 others zones (which is possible) we will not go over 1.6-1.7$
It will not prove up more than 50-60 million 2p (2 to 3 times actual 2P reserves)
In 3 months tethys will be out of cash. So they will need cash for Kazak, Uzb, Takijk and afganisthan operations. In the last interviews Robson said that they will raised up money in the 3 digit through an IPO in Hong Kong at the beginning of the summer.
So in about 3 to 4 weeks we will have test result of the 2 others zone and in 2 months they will raised up 150$ to 200MM$ at a price of around 1$ to 1.4$ depending on the 2 zones test result (so the total fully outstanding diluted shares will go over 420 millions) which will make the capex for the 4 countries for 1 year.
In 1 or 2 years if they can prove up more than 200MM barrels on Doris area they will go back up to the market to finance the pipeline (which should cost around 300$ millions).
The secret with tethys is they need to dilute less than they create value otherwise will keep their downtrend.
I am not in a hurry to buy and my order are in between 1$ to 1.2$.
Good luck to all holders
Julien