Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 9, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update. Oil Sale prepayment The Company has concluded a tender to enter into another agreement to sell 50,000 tons of oil for a minimum price of $385 USD per ton. This is a price increase of $120 per ton from the previously announced oil sale agreement announced on December 21, 2021. Upon closing and funding, this will provide...
2022-03-09 1:00 AM EST
Tethys Petroleum: Normal Course Issuer Bid Approval
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 4, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update. Normal Course Issuer Bid The Company had previously announced its intention to make a Normal Course Issuer Bid subject to Exchange approval. The Normal Course Issuer Bid has been approved by the Exchange. The Company may acquire up 5,377,000 common shares (roughly 5% of the shares outstanding of the Company) during the...
2022-02-04 5:18 PM EST
Tethys Petroleum: Normal Course Issuer Bid Approval
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 2, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update. Normal Course Issuer Bid The Company intends to make a Normal Course Issuer Bid that is subject to Exchange approval. The Company may acquire up 5,377,000 common shares (roughly 5% of the shares outstanding of the Company) during the period on or about February 7, 2022 to February 7, 2023. The Company plans to use ATB...
2022-02-02 5:33 PM EST
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 21, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update. Oil Sale prepayment The Company has entered into a prepaid oil sale agreement to sell 50,000 tons of oil for a price of $265 USD per ton. This is a significant improvement on earlier pricing with the most recent sales being closer to $165/ton. Upon closing and funding, this will provide Tethys with approximately $13.25...
2021-12-21 1:00 AM EST
Tethys Petroleum Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 12, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended September 30, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at...
2021-11-12 1:00 AM EST
Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - October 22, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update. "Kul-Bas" LLP, a subsidiary company of Tethys obtained all the approvals to operate under the pilot license program at the Kul-Bas field. This approval allows for approximately 180,000 tons of oil to be produced prior to the expiration of the pilot license in December, 2022. The pilot license allows for a maximum of...
2021-10-22 1:00 AM EDT
Tethys Petroleum Press Release: Annual General Meeting Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 22, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces the results of the Annual General Meeting held on September 16, 2021. The following resolutions put to shareholders at the AGM were passed on a poll at the meeting: Receipt of Financial Statements and Auditors Report Election of Directors 2.1 Yerlan Dikhanbayev - 31,289,522 votes For 99.87% 2.2 Adeola Ogunsemi - 31,289,522 votes For 99.87% 2.3...
2021-09-22 1:00 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides an update on current drilling and licensing activities. The exploratory well KBD-03 has been perforated and has generated commercial inflow in the Jurassic zone. The initial production as of (5 Sep 2021) shows a daily rate of approximately 44 tons (approximately 300 bopd) using a 9mm choke. Management believes production may be enhanced through...
2021-09-09 1:00 AM EDT
Tethys Petroleum Announces Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 16, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended June 30, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com....
2021-08-16 1:00 AM EDT
Tethys Petroleum Announces Drilling Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 13, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides an update on current drilling activities. Tethys has completed drilling of the KBD-03 well and is moving storage tanks to the field to enable the production test. The initial log and core results are encouraging as oil shows were found in the three prospective zones. While the log and core results are encouraging, the production test will be needed...
2021-07-13 1:00 AM EDT
Tethys Petroleum Announces Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 25, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Drilling Update The AKD-12 well at Akkulka has been tested and has produced gas at a rate of approximately 29.4 thousand cubic meters per day using a 6mm choke, and approximately 34.5 thousand cubic meters per day using an 8mm choke. The interval perforated was 587.97-592.57 meters. The company is planning to complete the AKD-12...
2021-05-25 1:00 AM EDT
Tethys Petroleum Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 13, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended March 31, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com....
2021-05-13 8:00 AM EDT
Tethys Petroleum: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 30, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2020 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at...
2021-04-30 6:05 PM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 15, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces that it has completed the previously announced private placement with Pope Investments II, LLC. Pope Investments II, LLC acquired 2,592,115 ordinary shares of Tethys Petroleum. The price for the shares is .67 CAD per share for total proceeds to Tethys CAD$1,736,717. The placement is to Pope Investments II, LLC, an investment fund managed by Pope...
2021-04-15 1:00 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 30, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provide a corporate update. Private placement In order to fund short term cash obligations, the Company has decided to pursue a private equity placement for 2,592,115 ordinary shares at .67 CAD per share (C$1,736,717). These proceeds will be used to fund previously incurred drilling expenses, 3D and 2D seismic expenses as well as selling, general, and...
2021-03-30 4:48 PM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 18, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Drilling Results Drilling on AKD-12 has been completed and two gas intervals are defined to be tested. The first interval, Kyzyloi, is approximately 4.6 meters starting at a depth of 588 meters, and the second interval, Tasaran, is 4 meters starting at a depth of 926 meters. We are expecting to receive positive results. We did...
2020-12-18 1:00 AM EST
Tethys Petroleum Results of Annual General Meeting
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 17, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces the results of the Annual General Meeting held on November 17, 2020. The following resolutions put to shareholders at the AGM were passed on a poll at the meeting: 1. Receipt of Financial Statements and Auditors Report; 2. Election of Directors 2.1 Abay Amirkhanov - 29,753,700 votes For 99.75%; 2.2 Yerlan Dikhanbayev - 29,753,800 votes For...
2020-11-17 6:43 PM EST
Tethys Petroleum: Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - October 27, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended September 30, 2020 and for the nine months ended September 30, 2020. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at...
2020-10-27 8:58 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - October 14, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Operations update Activities for drilling of AKD-12 (depth -1200m) and AKD-33 gas wells are moving forward with the start of drilling anticipated for middle of October. It is anticipated that the drilling operations will be completed on both wells by the end of November. The AKD-12 is believed to have potential for an oil find...
2020-10-14 1:00 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - October 7, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. The recently drilled gas wells at Akkulka, AKK-100 and AKK-101 have successfully produced gas a rate of approximately 60,000 cubic meters per day. They have already been tied into pipelines and are producing. The most recent testing on the KBD-02 has continued to produce approximately 3,000 barrels per day using a 12 mm choke....
2020-10-07 1:00 AM EDT