Tethys Petroleum: Extends AGR Energy's Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”).
On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate a potential larger financing. The exclusivity period ran through to June 12th, 2015 and is subject to certain customary exceptions. The new extended exclusivity period will finish on June 26th, 2015.
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
About AGR Energy
AGR Energy is a company owned by the Assaubayev family, who are long-term investors in natural resources and metals and mining, and have a track record of effective investment and support of enterprises, particularly in Central Asia and other emerging markets.
