Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Operations Update Tethys has received an updated resource report from Gustavson Associates based upon the latest data from the production testing on the KBD-02 (Klymene) well. The Low Estimate of Contingent Resources from the Jurassic zone is approximately 39 million barrels, the Best Estimate of Contingent Resources is 168...
2020-09-09 1:00 AM EDT
Tethys Petroleum: Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 26, 2020) - 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, 2020 and for the six months ended June 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 www.sedar.com or on...
2020-08-26 5:32 PM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 20, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Operations Update Tethys has continued the production testing of the second zone of KBD-02 (Klymene). Over the last 20 days, the second zone has produced approximately 2,000 barrels of oil per day using different choke sizes. The most recent testing has used an 11 mm choke and produced approximately 2,800 barrels of oil per day...
2020-08-20 1:00 AM EDT
Tethys Petroleum Announces Klymene Resource Report
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 17, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Klymene Resource Report Given the recently released results on KBD-02 (Klymene), management thought shareholders may be interested in seeing additional information on the prospect. Tethys is pleased to provide a resource report prepared in 2014 on the Klymene Prospect and has posted this report to the company's web site (under...
2020-07-17 3:00 AM EDT
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 14, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update. Testing of Klymene Exploration Well (KBD-02) The test period for the first zone (Jurassic) has been completed and the testing for the second potential zone has been initiated. The test was done using different choke sizes between 5mm and as high as 11mm. The 11mm choke increased production to over 700 bopd from the previously...
2020-07-14 4:33 PM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce its approval for graduation from NEX to a Tier 2 'Oil & Gas' issuer on the TSX Venture exchange. This graduation will occur on Friday, July 10, 2020. A bulletin from the TSX will be released today. Tethys has successfully completed the necessary conditions as originally detailed in the press release from February 8, 2020 and further updated...
2020-07-08 4:33 PM EDT
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - June 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update. Completion of DSFK Agreement On February 8, 2020 Tethys announced that it had reached a legally binding settlement agreement with Olisol Petroleum Limited and certain of its affiliated companies and their principals (together "Olisol") and DSFK Special Finance Company LLP ("DSFK"), (hereinafter the "Settlement Agreement"). The...
2020-06-08 5:51 PM EDT
Tethys Petroleum: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2019 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...
2020-05-08 2:53 PM EDT
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 5, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update. Further loan restructuring On January 17, 2020 Tethys announced a loan amendment agreement ("Amendment Agreement") with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 (the "Loan") which had an outstanding balance of approximately US$12.1 million, the key terms of which are...
2020-05-05 6:09 PM EDT
Tethys Petroleum Press Release: Management Change
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 4, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys") announces today that Clive Oliver has resigned as Chief Financial Officer ("CFO") effective immediately. Clive has agreed to help coordinate with Tethys auditor, Grant Thornton, through this week (May 8) in order to help with the release of the 2019 Annual Financial Statements. Tethys will begin an immediate search for a replacement as CFO. The Tethys board would like to express...
2020-05-04 4:05 PM EDT
Tethys Petroleum Press Release: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 30, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announced that it will not file the following documents for the year ended December 31, 2019 by April 30, 2020 but intends to take advantage of the exemption afforded by the Canadian securities regulatory authorities in view of Covid-19 and will make its filings at the earliest possible opportunity: Audited Consolidated Financial Statements Management's...
2020-04-30 6:59 PM EDT
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 16, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update. Gas sales prepayment Tethys is pleased to announce that its Kazakhstan subsidiary TethysAralGas LLP ("TAG") has received a prepayment of approximately US$7.6 million from its gas customer. TAG will continue to invoice its gas customer monthly in the normal way and the price of gas sold will be determined each month in...
2020-04-16 9:00 AM EDT
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 17, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update. TSX Venture Exchange Application Tethys is pleased to announce that it has received conditional approval from the TSX Venture Exchange ("TSXV") to graduate from the NEX Board to the TSXV as a Tier 2 Oil & Gas Issuer. Approval has also been given by the TSXV for the previously announced shares for debt transaction with Olisol...
2020-03-17 4:12 PM EDT
Tethys Petroleum: Director Appointment
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 4, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce that Yerlan Dikhanbayev has been appointed a director of the Company. Yerlan is currently a Director of Eurotransit Terminal LLP, a Kazakhstan-based trade and procurement, commercial, agency, customs brokerage, warehousing, rendering and freight forwarding services business. He has held similar senior level positions at Qazaq Business Group...
2020-03-04 7:18 AM EST
Tethys Petroleum: Settlement Agreement and Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce it has reached a legally binding settlement agreement with Olisol Petroleum Limited and certain of its affiliated companies and their principals (together "Olisol") and DSFK Special Finance Company LLP ("DSFK"), (hereinafter the "Settlement Agreement"). The key terms of the Settlement Agreement insofar as they affect Tethys are: (1)...
2020-02-08 6:38 PM EST
Tethys Petroleum: Board Change
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 5, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that Medgat Kumar has tendered his resignation from the Board of Directors of the Company (the "Board") which will take place with immediate effect. Mr. Kumar has informed the Company that he is optimistic for the long-term future of Tethys and that his resignation is tied to the recent sale of family owned shares in Tethys to generate funds...
2020-02-05 8:42 AM EST
Tethys Petroleum: Loan Conversion
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 27, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce the conversion of approximately US$5.8 million of loans into Tethys ordinary shares. On March 9, 2015, the Company entered into a two year unsecured loan of US$3,500,000 (the "Loan") from Annuity and Life Reassurance Ltd ("Annuity") and on June 1 2015, the Company issued a US$1,760,978 Unsecured Convertible Debenture due June 30, 2017...
2020-01-27 8:35 AM EST
Tethys Petroleum: Second Loan Restructuring
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 17, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce completion of a second loan restructuring. The Company has signed a loan amendment agreement ("Amendment Agreement") with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 (the "Loan") with current outstanding balance of approximately US$12.1 million, the key terms of which are...
2020-01-17 1:00 PM EST
Tethys Petroleum: Loan Restructuring
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 6, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces completion of a loan restructuring. The Company has agreed with one of its lenders to restructure a loan with current outstanding balance of US$14.1 million, the key terms of which are described below: The lender has provided a waiver of all past defaults; The maturity date has been extended from January 31, 2017 to December 31, 2021; Repayment...
2020-01-06 2:23 PM EST
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 26, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update. DSFK and Gas Production As previously announced, the Company's subsidiary, Tethys Aral Gas LLP ("TAG"), received notification from its gas customer in August of this yea
2019-11-26 5:43 AM EST