Eurasia Journal News

Tethys Petroleum: Kazakh Production Up 19%

Tethys Petroleum Limited provides the following corporate update to its shareholders. Highlights — Resolution reached with SinoHan. — Following the greater than 50% reduction of our corporate and regional overheads, further restructuring and costs reductions are on going. — As part of the ongoing strategic review, Tethys remains in an …

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Eurasia Journal News

Tethys Petroleum: Secures AGR Energy Loan Plus Additional Financing From Pope Asset Management

Tethys Petroleum Limited is pleased to announce that in addition to the recently announced US$7.5 million convertible debenture financing, it has entered into an agreement in respect of the issue and sale of an additional convertible debenture as described below. Additional Convertible Loan Signed — Financing: Unsecured convertible loan facility …

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Eurasia Journal News

Max Petroleum: Suspends Stock Listing Pending Debt Restructuring

Max Petroleum announces that, following its announcements of 9 February 2015 and 19 February 2015, it has requested that trading in its ordinary shares on the AIM market of London Stock Exchange plc be suspended pending the outcome of final negotiations with Sberbank regarding an appropriate debt restructuring and with …

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Eurasia Journal News

Max Petroleum: Interim Results – Production Up 17% Cash From Ops Up 187%

Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2014. HIGHLIGHTS Six months ended 30 September 2014 Six months ended 30 September 2013     % Change Production (bopd) 4,239 3,630 17% Revenue (US$ …

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Eurasia Journal News

Max Petroleum Plc: Conclusion of Formal Sale Process

Max Petroleum announces that, following the General Meeting held earlier today at which all the resolutions relating to the proposed £37.1 million Subscription by AGR Energy were duly passed, the review of strategic options and the formal sale process announced on 22 July 2014 has now been concluded and, as …

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Max Petroleum: AGR Energy to Own 51% After $59m USD Investment

Max Petroleum Plc is pleased to announce that it has today published a circular containing further details of the £37.1 million investment to be made by AGR Energy, subject to the fulfillment of certain conditions described below, and a notice of General Meeting, at which resolutions will be proposed to approve …

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Eurasia Journal News

Max Petroleum: Sberbank Loans Renegotiated, Asanketken Field Given FFD Green Light

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces today an corporate and operational update. Subscription by AGR Energy On 4 August 2014, Max Petroleum announced that it had raised conditionally approximately £37.1 million before expenses by way of a cash subscription by AGR Energy Limited No. …

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Max Petroleum: AGR Energy Only Bidder For the Company – Board Recommends Sale

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update on the Company’s strategic review and on the proposed Subscription by AGR Energy, further to its announcements on 22 July 2014 and 4 August 2014. Review of strategic options and formal sale process The review of …

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Max Petroleum: Raises $63m from AGR Energy

Max Petroleum is pleased to announce that it has raised approximately £37.1 million (approximately US$62.5 million) before expenses by way of a conditional cash subscription by AGR Energy Limited No. I (“AGR Energy” or the “Investor”) for 2,264,093,462 new Ordinary Shares at a price of 1.64 pence per Ordinary Share …

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