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: Q3 Results – Loss of $3.7m USD – All Costs Massively Reduced, Production Up 81%
Tethys Petroleum Limited today announces its third quarter 2015 financial results and activity update. Financial Highlights – Loss for the period of USD3.7 million (Q3: 2014 USD2.4 million) – Basic and diluted loss per share of USD0.01 (Q3: 2014 USD0.01) – Oil and gas revenue of USD5.7 million (Q3 2014: …
Tethys Petroleum: Almas Kulumbetov and Oleg Yurikov Honoured for Akkulka Field Discovery
Tethys Petroleum Limited is pleased to announce that two of its long standing and highly valued technical team members, Almas Kulumbetov and Oleg Yurikov, have been awarded a diploma and honorary medal for the discovery of the Akkulka Oil Field in 2009-2010. These honours have been awarded by Mr B. …
Tethys Petroleum: Q1 Gas Production – Highest for 3 Years
Tethys Petroleum Limited has provided a corporate update to shareholders. Highlights: — Q1 2015 gas production achieved was the highest quarterly gas volume in the last three years. — First sales under the new gas contract completed. — Tethys continues to actively progress the SinoHan transaction to completion through seeking …
Tethys Petroleum: 2014 Results – Gas Production Doubled
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2014. Corporate Highlights – 2014 Updated Oil Resource Report for the ‘Klymene’ prospect in Kazakhstan with total Unrisked Mean Recoverable Oil Resources being estimated independently at over 400 million barrels; Drilling of a further 4 successful …
Tethys Petroleum: Signs MOU with PetroChina for Gas Sales Into China
Tethys Petroleum Limited is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with PetroChina International Kazakhstan Ltd (“PetroChina”) and also provide a corporate update to our shareholders. Highlights: — Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing reserves …
Tethys Petroleum: Given 4 Year Extension to the Akkulka Exploration Contract
Tethys Petroleum Limited today announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP (“TAG”), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Akkulka Exploration Contract (the “Contract”) for another four years, from March 10, 2015 to March 10, 2019 (subject to certain …