Tethys Petroleum

Tethys Petroleum Limited (“Tethys” or the “Company”) today announces that Intergas Central Asia (“ICA”), the Kazakh State-owned gas transportation company has notified the Company’s wholly owned subsidiary in Kazakhstan, Tethys Aral Gas LLP (“TAG”), that it intends to continue accepting gas produced by TAG under the existing gas sales contract …

Tethys Petroleum Limited is pleased to announce that the previously announced claims against employees of the Company’s wholly owned subsidiary Tethys Aral Gas LLP (“TAG”) in Kazakhstan have been dismissed. Tethys wishes to acknowledge the assistance of the Office of the Almaty City Prosecutor in quickly reviewing the claims and …

Tethys Petroleum Limited today announces that it has received non-binding proposals from private investors, Winston Sanjeev Kumar Soosaipillai and Medgat Kumar (each, an “Investor” and together, the “Investors”) to acquire ordinary shares in the Company (together, the “Share Acquisition Proposals”). The key commercial terms of the Share Acquisition Proposals are summarized …

Tethys Petroleum Limited today announces that Alexander Abramov has been removed from the Board of Directors of the Company by a majority vote of the board and in accordance with the Company’s Articles of Association. Alexander Abramov has been replaced as Chairman of the Board by William P. Wells. The …

Olisol Transaction Following approval of The Grand Court in the Cayman Islands on August 19, 2016 to reduce the par value of the Company’s ordinary shares from US$0.10 to US$0.01 the Company has worked with Olisol and its advisors to complete the previously announced C$9.8 million private placement by September …

Tethys Petroleum Limited today announced the appointment of Alexander Skripka as Chief Commercial Officer. As Chief Commercial Officer Mr. Skripka will be responsible for the commercial activities of the company including gas sales, existing and new contract or license negotiations, and negotiations on financing, divestments and acquisitions. Mr. Skripka studied …

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 Petroleum Limited today announced its Results for the quarter ended March 31, 2016. Q1 Financial Highlights (all figures reported in USD unless stated otherwise. 2015 amounts are for the quarter ended March 31, 2015) – Oil and gas revenue of USD3.5m (2015: USD6.0m); – Production expenses down 54% to …

Tethys Petroleum Limited announces that is has entered into a binding investment agreement (the “Investment Agreement”) with Olisol Investments Limited (“Olisol”) setting out the terms and conditions upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol (“OPL”), has agreed to purchase 181,240,793 new ordinary shares in Tethys (“Shares”) at …

Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2015. Corporate Highlights – 2015 – Extension of the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019; – Extension of the Kyzyloi Gas Production Contract confirmed for another 15 …