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: Extends Kyzyloi Gas Production Contract for 15 Years
Tethys Petroleum Limited today announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP, has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014 to December 31, 2029. The Ministry of Energy has granted …
Tethys Petroleum: Cost Reduction Program
Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. Key achievements: Agreement to restructure Georgian project Substantial Corporate G&A and Kazakhstan cost reductions New US$6 million loan financing Extension of …
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 …
Tethys Petroleum: Outlines Strategic Plan for 2015
Tethys Petroleum Limited is pleased to provide an update to our shareholders on the current operations, forward plans and the strategic focus of the Company over the next 12 months. Following the appointment of the new Executive Chairman, Mr. John Bell, and three new Non-Executive Directors of the Company, the …