Tethys Petroleum

Tethys Petroleum Limited announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited (“AGR Energy”) in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 million loan to support short-term liquidity. In addition to the equity …

Tethys Petroleum Limited announces that Nostrum Oil & Gas PLC (“Nostrum”) has withdrawn its proposed offer that was previously announced on September 23, 2015 (“Proposed Offer”) to acquire the entire issued share capital of Tethys together with a proposed US$20 million interim funding transaction (the “Interim Funding” and, together with …

Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …

Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …

Tethys Petroleum Limited announces that following the closure of the Guernsey Office, Denise Lay’s employment with Tethys in her position as CFO has ended by reason of redundancy after six years with the Company. Denise was offered the chance to continue in her role as CFO based outside of Guernsey …

Tethys Petroleum Limited (“Tethys” or the “Company”) announces that Tethys and Nostrum Oil & Gas PLC (“Nostrum”) have entered into a non-binding and indicative letter of intent (the “LOI”) setting out proposed terms upon which Nostrum would acquire the entire issued and to be issued share capital of Tethys (the …

Tethys Petroleum Limited today announced its Results for the quarter ended June 30, 2015. Q2 Financial Highlights (all figures reported in USD millions) — Oil and gas revenue of USD6.8m (2014: USD7.1m) — Gas revenue increased 137% to USD4.8m (2014: USD2.0m) — Production expenses USD4.2m (2014: USD3.2m) — G&A expenses …

Tethys Petroleum Limited announces that the US$47.7 million financing with AGR Energy Holdings Limited (“AGR Energy”) and related clawback of shares by Pope Asset Management, LLC (the “Financing”) will not now proceed. The Board of Tethys has separately received a further approach from Nostrum Oil & Gas PLC (“Nostrum”) regarding …

Tethys Petroleum Limited is pleased to announce that, further to its announcement on July 1, 2015 in relation to the strategic collaboration with AGR Energy Holdings Limited (“AGR Energy”) and US$47.7 million financing (the “AGR Placing”), it has agreed with Pope Asset Management, LLC (“Pope”), the Company’s largest shareholder, that …

Tethys Petroleum Limited refers to its announcement dated July 13, 2015 confirming the approach made earlier that day by Nostrum Oil & Gas PLC (“Nostrum”) to the board of directors of Tethys (the “Board”) regarding a possible offer for the entire issued share capital of Tethys (the “Possible Offer”). The …