Tethys: Planning for Kazakh Growth
Tethys Petroleum Limited today provided a Corporate Update to shareholders. – Olisol Transaction Update – US$10 million loan facility in Kazakhstan – Forward Work Program Olisol Transaction Update Following on from the Shareholders Meeting where shareholders approved the proposed Olisol Transaction the Company has engaged a law firm in Grand …
Tethys: Battles Debt Issue with Nostrum Over Bokhtar Withdrawal
Tethys Petroleum Limited announces that it has today received a Notice of Events of Default from Nostrum Oil & Gas PLC (“Nostrum”) in connection with the US$5 million facility agreement between Tethys and Nostrum, dated August 10, 2015 (the “Facility Agreement”). Tethys does not agree with Nostrum’s interpretation of the …