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: Successful First Gas Well of 2014 Programme
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that AKK17, the first shallow gas exploration well of its 2014 programme has been successful. Analysis of data from the well indicates it to be similar to …
Tethys Petroleum: Strikes New Prospect with Total Unrisked Mean Recoverable Oil Resources Being Independently Estimated at Over 400 million barrels
Tethys Petroleum is pleased to announce it has received an updated Oil Resource Report for a new prospect in Kazakhstan with total Unrisked Mean Recoverable Oil Resources being estimated independently at over 400 million barrels. The report was commissioned on the “Klymene” prospect which is located in the Kul-Bas Exploration …
Tethys Petroleum: Completes Strategic Acquisition in Georgia and Exits Uzbekistan
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project “Iberia”) in eastern Georgia. …
Tethys Petroleum: Bernard Murphy, CFO, Retiring, Denise Lay to be New CFO
Tethys Petroleum has announced that chief financial officer (CFO) Bernard Murphy will retire at the end of January. Murphy has been at Tethys for seven years. He will be replaced by deputy CFO Denise Lay. “While I consider it a privilege to have worked with such a talented group of …
Tethys Petroluem: Wells Being Prepared for Testing Program, Klymene Could Hold Good Potential
Tethys Petroleum Limited today gave an update on its operations in Kazakhstan. AKD08 (“Doto”) The AKD08 (“Doto”) exploration well has reached a total depth of 3,556 metres and electric logs have been run to TD in the 8 1/2″ hole section. As was previously announced, hydrocarbon indications have been observed …
Tethys Petroleum Wins World Finance Award-Best Exploration and Production Company Asia 2013
Tethys Petroleum Limited is proud to announce that it has won the prestigious World Finance Oil & Gas Award for the Best Exploration and Production Company, Asia 2013. Dr. David Robson, Executive Chairman and President of Tethys Petroleum Limited, was honoured to accept this award on behalf of Tethys at …
Tethys Petroleum: Revenues Up 15% Third Quarter Results
Tethys Petroleum Limited today announced its third quarter 2013 financial results and gave an update on its operations in Kazakhstan. These figures are headlined by the 2013 EBITDA figure adjusted for share-based payments for the nine months to September 30, 2013 being more than seven times than that achieved in …
Tethy Petroleum Kazakhstan In Farm Out Deal for $75m USD with SinoHan
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has entered into a definitive agreement for the sale of 50% of its Kazakh oil & gas assets to SinoHan Oil and Gas Investment B.V. (“SinoHan”), part …
Tethys Petroleum: Commences Drilling at AKD09, Dexa, Well
Tethys Petroleum Limited, the E&P Company focused on Central Asia and the Caspian Region announces that it has commenced drilling of the AKD09 (“Dexa”) well in Kazakhstan and updated on Kazakh oil production operations. AKD09 (“Dexa”) The AKD09 (“Dexa”) well is located to the North-West of the producing Doris field …