Tethys Petroleum Limited: Tethys Board Appoints New CEO and Chairman
Tethys Petroleum Limited today announced the appointment of Julian Hammond to Chief Executive Officer and President with immediate effect. In addition, the Rt. Hon Peter Lilley has been appointed as Non Executive Chairman. Due to recent health reasons Dr. David Robson is unable to continue in his roles of Executive Chairman, President and …
Tethys Petroleum: Tajikistan Resource Upgrade 27.5 Billion BOE
Tethys Petroleum Limited is pleased to announce that it has received an updated independent Resource Report for its Tajikistan assets. These cover an area of approximately 35,000 sq. km and the estimated gross unrisked mean recoverable resources are 27.5 billion barrels of oil equivalent (BOE). Key Points: Gross unrisked mean recoverable …
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 Limited: New Director Appointed
Tethys Petroleum Limited is pleased to announce the appointment of Ambassador Zalmay Khalilzad to the Board of Directors of Tethys Petroleum Limited. The appointment of the new director is subject to acceptance by the Toronto Stock Exchange. Ambassador Khalilzad will also chair a new Strategic Risk Committee of the Board. …
Tethys Petroleum Appoints Ambassador Zalmay Khalilzad to the Board
Tethys Petroleum Limited is pleased to announce the appointment of Ambassador Zalmay Khalilzad to the Board of Directors of Tethys Petroleum Limited. The appointment of the new director is subject to acceptance by the Toronto Stock Exchange. Ambassador Khalilzad will also chair a new Strategic Risk Committee of the Board. …
Tethys Petroleum Limited Loan Facility Agreed
Tethys Petroleum Limited today announced that its Kazakh subsidiary had reached agreement on a USD 16.5 million loan facility. This facility is provided by a Kazakh bank to Tethys Aral Gas, a wholly owned Kazakh subsidiary of Tethys, and is available to fund capital expenditures in Kazakhstan. It can be …
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 Petroleum: Revenues Increased by 45%
Tethys Petroleum Limited announced its first quarter 2012 financial results. The results are underlined by a 45% increase in revenues over the first quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). RECENT HIGHLIGHTS — Q1 2012 Total Revenue was USD$6.49 million …
Tethys Petroleum: Kazakhstan Oil Resource Upgrade
Tethys Petroleum is pleased to announce it has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil. The resource report also shows a substantial amount of prospective gas resources. Key Points: Mean unrisked recoverable …
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 …