Tethys Petroleum: Tajik Bokhtar PSC Farm-out Deal to Total and CNPC Completed
Tethys Petroleum Limited announces the completion of the farm-out agreement announced in December 2012 with subsidiaries of Total Exploration and Production and China National Petroleum Corporation whereby each acquired a one third interest in its Bokhtar Production Sharing Contract in Tajikistan. The Bokhtar PSC covers an area of some 35,000 …
Tethys Petroleum: Deputy CFO Appointed
Tethys Petroleum Limited today announced the appointment of Denise Lay as Deputy Chief Financial Officer with immediate effect. Denise has been promoted from her previous position of Vice President Finance with the Company as part of the ongoing strengthening of the Company’s finance team. She has worked for Tethys since …
Tethys Petroleum Limited: Appointment of Tethys Vice Chairman to Uzbek-British Trade & Industry Council
Tethys Petroleum Limited is pleased to announce that its Vice Chairman, The Rt. Hon. Peter Lilley M.P., has been appointed as the Co-Chairman of the Uzbek-British Trade & Industry Council (“UBTIC”). UBTIC is a government-sponsored trade promotion body for bilateral economic co-operation. UBTIC comes under the umbrella of the British …
Tethys Petroleum Acquires New Field in Turkmenistan
Tethys Petroleum announced that Chegara Production Limited (“CPL”), its 100% owned subsidiary, has signed a Production Enhancement Contract (“PEC”) for a new oil field, the Chegara Group of Fields (“Chegara”), in Uzbekistan. In addition Tethys announced it had signed a Memorandum of Understanding (“MOU”), which agrees a timetable for the …
Tethys Secures Exploration Upside
Tethys Petroleum announced it has received permission for the extension of the Akkulka Exploration Contract in Kazakhstan where the Company is currently appraising the high potential Doris oil discovery and also where it has several exciting exploration targets. Key Points: Two year extension to comprehensively appraise Doris commercial oil discovery …
Tethys Petroleum: Books 45% increase in P2 Reserves
Tethys Petroleum announces a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report. Total Net Oil and Gas Reserves (barrels of oil equivalent:BOE) — 1P (Proved) up 96%: 14.5 million BOE — 2P (Proved + Probable) up 45%: 25.3 million BOE …
Tethys Petroleum Limited: 2011 Reserves Report
Tethys Petroleum (“Tethys” or “the Company”) (TSX: TPL)(LSE: TPL) announces a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report. Total Net Oil and Gas Reserves (barrels of oil equivalent: BOE) — 1P (Proved) up 96%: 14.5 million BOE — 2P …
Tethys Petroleum Signs Uzbek Exploration MOU
Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz”. The objective of this MOU is to provide the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain exploration …
Tethys Petroleum Announces New Board Member, Julian Hammond
Tethys Petroleum Limited announced the appointment of Mr. Julian Hammond to the Board of Directors of Tethys Petroleum Limited. Mr. Hammond has also been appointed as a member of the Executive Board of the Company. Mr. Hammond joined the Company in 2006 and has served as Chief Commercial Officer and more recently …
Tethys Petroleum Completes Tajikistan Acquisition
Tethys Petroleum Limited announced that it has completed the purchase of 34% of the shares in Seven Stars Energy Corporation from its Tajik joint venture partner Sangam Limited, and increased its shareholding to 85% (from 51%). Seven Stars Energy Corporation is the owner of the rights to the Bokhtar Production …