Tethys Petroleum: 2016 Results and Outlook
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2016. Corporate Highlights – 2016 Conversion of USD6.3m of loans by Olisol Petroleum Limited (together with Olisol Investments Limited “Olisol”) into ordinary shares of Tethys at USD0.10 per share; Binding Amended and Restated Investment Agreement entered …
Tethys Petroleum: Great Wall Drilling Wins $6m Tender for 10 Shallow Wells
Tethys Petroleum Limited today announces that Great Wall Drilling Company was the winner of a tender for a ten well shallow gas well drilling program. Tethys now has ten (10) days to sign a contract with Great Wall, the cost of which drilling is expected to be approximately $6 million …
Tethys Petroleum: AGR Energy Calls in $7.5m Debenture
Tethys Petroleum Limited announces that it has received an Accelerated Repayment Notice from AGR Energy Limited No 1 (“AGR Energy”) in relation to the unsecured convertible debenture issued by Tethys to AGR Energy on 15 May 2015 (“Convertible Debenture”) notifying the Company of events of default and demanding repayment of …
Tethys Petroleum: Enters into Non-Binding Letter of Intent, Plus Debt Facility, with Olisol
Tethys Petroleum Limited announces that is has entered into a non-binding and indicative letter of intent (the “LOI”) with Olisol Investments Limited (“Olisol”) setting out proposed terms upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol (“OPL”), will provide Tethys with a US$15 million interim debt facility (the “Interim …
Tethys Petroleum: AGR Energy Offers Short Term Liquidity and Subscription Offer
Tethys Petroleum Limited announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited (“AGR Energy”) in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 million loan to support short-term liquidity. In addition to the equity …
Max Petroleum: Share Trading Suspended
Max Petroleum‘s circular to Shareholders dated 13 August 2015 noted that, as a result of the uncertainty surrounding the Company’s financial position, its ordinary shares have been suspended from trading on AIM since 2 March 2015. Max Petroleum and AGR Energy continue to work to satisfy all relevant conditions for …
Max Petroleum: Receives Ministry of Energy Approval for AGR Energy Subscription
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that approval from the Ministry of Energy of the Republic of Kazakhstan for the Subscription has been obtained. The final remaining Kazakh Governmental Approval for the Subscription is the consent of the …
Max Petroleum: AGM Approves AGR Energy $13.8m Subscription
Max Petroleum announces that all resolutions proposed at its General Meeting held earlier today relating to the proposed US$13.8 million Subscription by AGR Energy were duly passed. The Subscription remains conditional upon, inter alia, the following Conditions being satisfied on or before 1 October 2015 (or as extended by the …
Max Petroleum: Samek Int Receives Creditor Protection "Rehabilitation Process" and AGR Energy Subscription is Approved
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces the following corporate updates: Acceptance of rehabilitation application for Samek International LLP Further to its announcement of 27 July 2015 regarding the initiation of a rehabilitation process under Kazakh law to provide its wholly owned …
Max Petroleum: Samek Int Receives Creditor Protection “Rehabilitation Process” and AGR Energy Subscription is Approved
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces the following corporate updates: Acceptance of rehabilitation application for Samek International LLP Further to its announcement of 27 July 2015 regarding the initiation of a rehabilitation process under Kazakh law to provide its wholly owned …