Nostrum enters race for Tethys
SHARES in London-listed Tethys Petroleum soared by 24.19 per cent yesterday to 9.62p after the group confirmed that Nostrum Oil & Gas had approached the board with an offer for its entire issued share capital.
Nostrum is offering CA$0.2185 per Tethys share, which is a premium of 15 per cent to the price that rival bidder AGR Energy has agreed to pay.