Tethys Petroleum Limited: First Oil Sales Through Kazakh Oil Terminal
-Tethys Petroleum (TSX: TPL)(LSE: TPL), an oil and gas exploration and production company focused on Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan, and Uzbekistan, announced it has completed the first shipment of commercial oil production through its Aral Oil Terminal (the “AOT”) at Shalkar – a …
Tethys Petroleum Limited: 2011 Reserves Report
Tethys Petroleum (“Tethys” or “the Company”) (TSX: TPL)(LSE: TPL) announces a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report. Total Net Oil and Gas Reserves (barrels of oil equivalent: BOE) — 1P (Proved) up 96%: 14.5 million BOE — 2P …
Tethys Petroleum Announce Tajik Seismic Tender and Regional Strategy
Tethys Petroleum Limited announced the issue of a tender for the final stage seismic program in Tajikistan which when complete will identify the location for the first deep pre‐salt well to be drilled by Tethys. Tethys also updated on its deep exploration strategy in Tajikistan. The initial analysis of the data from the …
Tethys Petroleum Signs Uzbek Exploration MOU
Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz”. The objective of this MOU is to provide the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain exploration …
Tethys Petroleum announces inauguration of Aral Oil Terminal
Tethys Petroleum Limited, today announced the official inauguration of its Aral Oil Terminal (“AOT”) ‐ a new oil storage and rail loading facility for oil shipments from the Company’s Doris oilfield into the Kazakh rail system. The AOT is located approximately 230 km from the Doris oil field, significantly reducing …
Tethys Petroleum Announces New Board Member, Julian Hammond
Tethys Petroleum Limited announced the appointment of Mr. Julian Hammond to the Board of Directors of Tethys Petroleum Limited. Mr. Hammond has also been appointed as a member of the Executive Board of the Company. Mr. Hammond joined the Company in 2006 and has served as Chief Commercial Officer and more recently …
Tethys Petroleum: Tajikistan Well Test Updates
Tethys Petroleum Limited today provided an update on its activities in Tajikistan and also gave a brief update on oil transportation in Kazakhstan. At the Beshtentak field, work is still ongoing on the BST20 well, which initially tested at rates in excess of 600 barrels of oil per day (bopd). …
Tethys Petroleum Limited: Tajikistan Persea 1 Well Initial Results
Tethys Petroleum Limited today announced the initial results of its Persea 1 exploration well in Tajikistan and its intention to carry out production testing on the well in the new year. The Persea 1 well, drilled some 5 kilometres from the town of Kurgan Teppa, reached a total depth of …
Tethys Petroleum Completes Tajikistan Acquisition
Tethys Petroleum Limited announced that it has completed the purchase of 34% of the shares in Seven Stars Energy Corporation from its Tajik joint venture partner Sangam Limited, and increased its shareholding to 85% (from 51%). Seven Stars Energy Corporation is the owner of the rights to the Bokhtar Production …
Tethys Announces USD$13 Million Private Placement
Tethys Petroleum Limited announced that it expects to complete a private placement of 26,062,975 Ordinary Shares for gross proceeds of USD13,069,187 million subject to regulatory approval. The Company has received orders for the USD13,069,187 million maximum amount of the Offering. These new Ordinary Shares represent 10% of the current issued …