Tethys Petroleum Limited

Agreements to Acquire Shares in Tethys Petroleum and Oil & Gas License Extensions

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 18, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that it has signed binding agreements with private investors, Jaka Partners FZC and Gemini IT Consultants DMCC (each, an "Investor" and together, the "Investors") to acquire ordinary shares in the Company (together, the "Share Acquisition Agreements"). The key commercial terms of the Share Acquisition Agreements are summarized below. The Share...

2018-07-18 12:03 PM EDT

Tethys Petroleum Announces Change of CEO

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 9, 2018) - The Board of Directors of Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that Mr. Sam Barrows, Interim Chief Executive Officer ("CEO"), has decided to step down with immediate effect. The Board wishes to express its appreciation to Mr. Barrows for his excellent contribution to Tethys, during which time the group increased its oil price by 84% and streamlined its group cost structure...

2018-07-09 7:40 AM EDT

Tethys Cease Trade Order and Revocation of MCTO

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 2, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that on June 29, 2018 the Alberta Securities Commission ("ASC") issued a Cease Trade Order against the Company and revoked the previously issued Management Cease Trade Order ("MCTO"). Accordingly, Tethys securities have been halted from trading. The Cease Trade Order was issued because the Company has not yet filed its audited financial statements,...

2018-07-02 11:44 AM EDT

Tethys Provides MCTO Status Report

Grand Cayman, Cayman Islands--(Newsfile Corp. - June 27, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is providing an update on the status of the Management Cease Trade Order ("MCTO"). On March 29, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Alberta Securities Commission (the "ASC") for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management...

2018-06-27 8:31 AM EDT

Tethys Petroleum Ltd.: Update on Kazakhstan Loan

Grand Cayman, Cayman Islands--(Newsfile Corp. - April 20, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that its Kazakhstan subsidiary, Tethys Aral Gas LLP ("TAG"), has received notification from Special Financial Company DSFK LLP ("DSFK") relating to a loan originally provided to Eurasia Gas Group LLP ("EGG") by Bank RBK JSC ("RBK") in 2012. Also in 2012, TAG pledged certain of its oil and gas assets as collateral for the RBK loan to EGG including...

2018-04-20 4:37 PM EDT

Tethys Appoints New CEO

Grand Cayman, Cayman Islands--(Newsfile Corp. - April 3, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that it has appointed Samuel Barrows as Interim Chief Executive Officer ("CEO") based in Aktobe, Kazakhstan. Mr. Barrows has over thirty years of experience in the energy industry including fifteen years in the United States and over fifteen years internationally in the Former Soviet Union and Europe. He was formerly Director of Marketing and...

2018-04-03 4:05 PM EDT

Tethys Petroleum Limited Announces Management Cease Trade Order

Grand Cayman, Cayman Islands--(Newsfile Corp. - March 29, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that, as a result of certain financial and operational challenges that the Company has experienced over the past several months and as a result of the Company devoting significant management resources to rectifying these challenges, the Company will not be filing its annual financial statements, the related management's discussion and analysis or...

2018-03-29 7:57 AM EDT

Tethys Petroleum Ltd.: Management Change

Grand Cayman, Cayman Islands--(Newsfile Corp. - March 12, 2018) - The Board of Directors of Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that Mr. Kenneth May, Chief Executive Officer ("CEO"), is stepping down with immediate effect. The Board intends to announce a replacement for Mr. May as CEO in the near future. The Board's focus will be on having a Kazakhstan-based CEO where the Company's primary oil and gas operations are located. The Board wishes to...

2018-03-12 5:56 PM EDT

Tethys Petroleum Ltd.: Change of Management

Grand Cayman, Cayman Islands--(Newsfile Corp. - March 12, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that Clive Oliver, Chief Financial Officer and Corporate Secretary of the Company has tendered his resignation which took effect from close of business on March 9, 2018. Mr. Oliver has worked for Tethys since August 2013 and is leaving to pursue new opportunities. The Board would like to express its gratitude to him for his strong contribution and...

2018-03-12 5:54 PM EDT

Tethys Petroleum Ltd.: Republic of Kazakhstan Supreme Court Dismisses EGG Claims

Grand Cayman, Cayman Islands--(Newsfile Corp. - February 20, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that following a hearing on February 14, 2018, the Republic of Kazakhstan Supreme Court ("Supreme Court") has ruled to dismiss the claims made by Eurasia Gas Group LLP ("EGG") against the Company's Kazakhstan subsidiary, Tethys Aral Gas LLP ("TAG") and to cancel the earlier rulings by the Almaty City Specialized Inter-district Court on May 23,...

2018-02-20 4:05 PM EST

Tethys Petroleum Ltd.: TSX Listing Extension

Grand Cayman, Cayman Islands--(Newsfile Corp. - February 19, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that the Toronto Stock Exchange ("TSX") has extended the period the Company can remain listed on the TSX until March 23, 2018 whilst the TSX Venture Exchange ("TSXV") continues to consider the Company's application to transfer its listing from the TSX to the TSXV. If the Company's application to transfer its listing to the TSXV is not successful...

2018-02-19 7:02 AM EST

Tethys Petroleum Ltd.: TSX Listing Review

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 24, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that the Continued Listings Committee of the Toronto Stock Exchange ("TSX") has determined that the Company no longer meets the continued listing requirements of the TSX, as detailed the TSX Company Manual, and will not be able to continue with its listing on the TSX after February 23, 2018. Notwithstanding the above, the TSX has advised the...

2018-01-24 3:56 AM EST

Proposals to Acquire Shares in Tethys Petroleum Limited

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 23, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces that it has received non-binding proposals from two unrelated private investors, Nurbek Medeuov and Valikhan Zhalmaganbetov (each, an "Investor" and together, the "Investors") to acquire ordinary shares in the Company (together, the "Share Acquisition Proposals"). The key commercial terms of the Share Acquisition Proposals are summarised below....

2018-01-23 4:05 PM EST

Tethys Petroleum Ltd.: Gas Drilling Program Update

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 11, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces an update of its gas drilling program. Tethys is pleased to announce that it has completed drilling seven new shallow gas wells out of the previously announced eight well program. Due to weather conditions, the eighth well is expected to be drilled in the spring of 2018. All seven wells were tested successfully for gas at a depth of between 470...

2018-01-11 4:05 PM EST

Tethys Petroleum Ltd.: Republic of Kazakhstan Supreme Court Suspension of EGG Claims

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 5, 2018) - Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces an update on legal matters in Kazakhstan. On December 29, 2017 the Republic of Kazakhstan Supreme Court ("Supreme Court") ruled to suspend the execution of claims made by Eurasia Gas Group LLP ("EGG") against the Company's Kazakhstan subsidiary, Tethys Aral Gas LLP ("TAG"), following earlier rulings by the Almaty City Specialized Inter-district...

2018-01-05 4:05 PM EST

Tethys Petroleum: Tajikistan Arbitration

Grand Cayman, Cayman Islands--(Newsfile Corp. - December 30, 2017) - Tethys Petroleum Limited ((TSX: TPL) ("Tethys" or the "Company") today announces that its subsidiary, Kulob Petroleum Limited ("Kulob"), has been notified of the final arbitration award in respect of Kulob's interest in the Bokhtar Production Sharing Contract ("Participating Interest") and Joint Operating Agreement and Shareholders' Agreement ("JOA") with Total E&P Tajikistan B.V. and CNPC Central Asia B.V. (together the...

2017-12-30 12:13 PM EST

Tethys Petroleum: Update on TSX Listing Review

Grand Cayman, Cayman Islands--(Newsfile Corp. - December 21, 2017) - Tethys Petroleum Limited (TSX: TPL) (the "Company") today announces that the Toronto Stock Exchange ("TSX") has agreed to extend its Remedial Review Process for an additional 30 days from today as the Company is in the process of applying to transfer its listing to the TSX-V. The TSX is aware of the application and has allowed the extra time for the application to be processed. There is no certainty that the TSX-V will...

2017-12-21 4:05 PM EST