Tethys Petroleum: ESP Performing Well, Great Wall to Spin Bit Next Week
Tethys Petroleum Limited today announces a corporate update. Electrical Submersible Pump (“ESP”) On June 2, 2017 the Company announced the successful installation of an ESP to significantly boost production from its main oil producing well, AKD-01. The Company is pleased to report that AKD-01 has stabilised and both the well …
Tethys Petroleum: Moves Kazakh Office and Adjusts Georgia Seismic Work Plan
Tethys partner in Georgia, Georgia Oil and Gas Limited (“GOG”), has been notified by the Georgian State Agency of Oil and Gas that GOG and Tethys will not be required to complete the previously agreed work programme commitment to conduct 50 km of 2D seismic acquisition in Block XIN by …
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: 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: …