Tethys Petroleum: Enters into Non-Binding Letter of Intent, Plus Debt Facility, with Olisol
Tethys Petroleum Limited announces that is has entered into a non-binding and indicative letter of intent (the “LOI”) with Olisol Investments Limited (“Olisol”) setting out proposed terms upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol (“OPL”), will provide Tethys with a US$15 million interim debt facility (the “Interim …
Tethys Petroleum Limited: Third Successful Gas Well in Kazakhstan
Tethys Petroleum Limited CA:TPL -1.96% UK:TPL +6.48% , the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AKK19, the third shallow gas exploration well of its 2014 programme. Analysis of data from the well indicates it has a pay …
Tethys: Boosted by Gas Well Success and Anticipated Gas Sales to China
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AKK18, the second shallow gas exploration well of its 2014 programme. Analysis of data from the well indicates it, like the recently drilled AKK17 well, is …
Tethys Petroleum Limited: Kazakhstan Operation Plans
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia, today announced its work programme in Kazakhstan for the second half of 2013. Forward Work Programme: • AKD08 (“Doto”) Exploration well to spud in early August • Further oil exploration wells planned after Doto results …
Tethys Doubles Gas Price in Kazakhstan
Tethys Petroleum Limited (“Tethys”) (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia, today announced that it has effectively doubled the net price of the gas which it is selling in Kazakhstan. New gas price after marketing and distribution costs USD65 (USD72.8 including VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the …
Tethys Petroleum Limited: Third Quarter 2012 Financial Results
Production Revenues Increase 46% GRAND CAYMAN, CAYMAN ISLANDS – Tethys Petroleum today announced its third quarter 2012 financial results. The results are highlighted by a 46% increase in production revenues over the third quarter of last year. RECENT FINANCIAL HIGHLIGHTS Q3 2012 vs Q3 2011 · Total Oil and Gas …
MOU Signed with an IOC to Acquire Interest in Tajikistan PSC
Tethys Petroleum Limited today announced that Kulob Petroleum Limited, its subsidiary, which is the Contractor party to the Bokhtar Production Sharing Contract in Tajikistan, has signed a Memorandum of Understanding (“MOU”) to execute a farmout agreement on the PSC. The potential acquiring party is an international oil and gas company …