Tethys Aral Gas: Continues Akkulka Project Development
Approval Received for Continuation of Oil Production The Company’s subsidiary Tethys Aral Gas LLP (“TAG”) was recently notified by the competent authority in Kazakhstan of its approval of the continuation of the Company’s Akkulka Oil Field Pilot Production Project (the “Project”) from January 1, 2018 to March 10, 2019. This …
Tethys Petroleum: Update on Claims Made Against the Company
Tethys Petroleum Limited today provides an update to the previously announced failure by Olisol Petroleum Limited and Olisol Investments Limited (together “Olisol”) to fulfill their obligations under the Investment Agreement, claims made against Tethys subsidiaries in Kazakhstan by Eurasia Gas Group LLP (“EGG”) and other claims made against Tethys subsidiaries …
Tethys Petroleum: 2015 Results – Project Extensions, New Financing, Gas Revenues Up 98%
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2015. Corporate Highlights – 2015 – Extension of the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019; – Extension of the Kyzyloi Gas Production Contract confirmed for another 15 …
Tethys Petroleum: Olisol Petroleum – Funding Update
Tethys Petroleum Limited today provided an update on the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited, a wholly owned subsidiary of Olisol Investments Limited (together with OPL, “Olisol”). Following the Company’s announcement on 22nd January 2016, Tethys received a further US$1 million on January 28th, 2016. …