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: Kenneth May Appointed Permanent CEO, Plus Board Shake Up
Tethys Petroleum Limited today announces that Alexander Abramov has been removed from the Board of Directors of the Company by a majority vote of the board and in accordance with the Company’s Articles of Association. Alexander Abramov has been replaced as Chairman of the Board by William P. Wells. The …
Tethys Petroleum: Extends Olisol Exclusivity Period
Tethys Petroleum Limited announces that is has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited (“Olisol”) by 14 days to 11:59 p.m. Calgary time on December 7, 2015 (as extended, the “Exclusivity Period”). On November 9, 2015 Tethys and Olisol signed a Letter of Intent (“LOI”) …