Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - June 10, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces that Yerlan Dikhanbayev 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. The board is unaware of any substantive issues but recent absenteeism and a participation level deemed insufficient is the reason for the removal. The Board appreciates Yerlan's...
2022-06-10 1:00 AM EDT
Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - June 2, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Exploration update and production updateThe KBD-08 well has commenced testing the Upper Barremian zone, which was not previously encountered in other wells. The well produced at a rate of approximately 550 tons (4 377 bopd) per day using a 17mm choke. Using an 11 mm choke the current rate of production is about 285...
2022-06-02 1:00 AM EDT
Tethys Petroleum: Interim Financials
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 20, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") announced that it has filed its Interim Results for the three months ended March 31, 2022. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com.Production updateThe KBD-02, KBD-06, and KBD-07 wells are...
2022-05-20 9:00 AM EDT
Tethys Petroleum Press Release: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 26, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2021, with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com.About TethysTethys is focused on oil and...
2022-04-26 4:56 PM EDT
Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 22, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Reserve report updateTethys engaged McDaniel and Associates Consultants to provide a reserve report as of December 31, 2021. This report has now been completed and was prepared in compliance with NI51-101, Standards of Disclosure for Oil and Gas Activities and the COGE Handbook. The following is a summary from the report:Reserve Category Barrel of...
2022-04-22 9:33 AM EDT
Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 9, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Oil Sale prepaymentThe Company has concluded a tender to enter into another agreement to sell 50,000 tons of oil for a minimum price of $385 USD per ton. This is a price increase of $120 per ton from the previously announced oil sale agreement announced on December 21, 2021. Upon closing and funding,...
2022-03-09 1:00 AM EST
Tethys Petroleum: Normal Course Issuer Bid Approval
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 4, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Normal Course Issuer BidThe Company had previously announced its intention to make a Normal Course Issuer Bid subject to Exchange approval. The Normal Course Issuer Bid has been approved by the Exchange. The Company may acquire up 5,377,000 common shares (roughly 5% of the shares outstanding of the Company) during the period of...
2022-02-04 5:18 PM EST
Tethys Petroleum: Normal Course Issuer Bid Approval
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 2, 2022) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Normal Course Issuer BidThe Company intends to make a Normal Course Issuer Bid that is subject to Exchange approval. The Company may acquire up 5,377,000 common shares (roughly 5% of the shares outstanding of the Company) during the period on or about February 7, 2022 to February 7, 2023. The Company plans to...
2022-02-02 5:33 PM EST
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 21, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.Oil Sale prepaymentThe Company has entered into a prepaid oil sale agreement to sell 50,000 tons of oil for a price of $265 USD per ton. This is a significant improvement on earlier pricing with the most recent sales being closer to $165/ton. Upon closing and funding, this will provide Tethys with approximately...
2021-12-21 1:00 AM EST
Tethys Petroleum Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 12, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended September 30, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com. Production updateProduction from KBD-06, KBD-02 and...
2021-11-12 1:00 AM EST
Tethys Petroleum Press Release: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - October 22, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update."Kul-Bas" LLP, a subsidiary company of Tethys obtained all the approvals to operate under the pilot license program at the Kul-Bas field. This approval allows for approximately 180,000 tons of oil to be produced prior to the expiration of the pilot license in December, 2022.The pilot license allows for a maximum of 57,450 tons...
2021-10-22 1:00 AM EDT
Tethys Petroleum Press Release: Annual General Meeting Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 22, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces the results of the Annual General Meeting held on September 16, 2021.The following resolutions put to shareholders at the AGM were passed on a poll at the meeting:Receipt of Financial Statements and Auditors ReportElection of Directors 2.1 Yerlan Dikhanbayev - 31,289,522 votes For 99.87% 2.2 Adeola Ogunsemi - 31,289,522 votes For 99.87% 2.3...
2021-09-22 1:00 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides an update on current drilling and licensing activities.The exploratory well KBD-03 has been perforated and has generated commercial inflow in the Jurassic zone. The initial production as of (5 Sep 2021) shows a daily rate of approximately 44 tons (approximately 300 bopd) using a 9mm choke. Management believes production may be enhanced through the use of acid...
2021-09-09 1:00 AM EDT
Tethys Petroleum Announces Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 16, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended June 30, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com. Operations update Tethys has completed drilling...
2021-08-16 1:00 AM EDT
Tethys Petroleum Announces Drilling Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 13, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides an update on current drilling activities.Tethys has completed drilling of the KBD-03 well and is moving storage tanks to the field to enable the production test. The initial log and core results are encouraging as oil shows were found in the three prospective zones. While the log and core results are encouraging, the production test will be...
2021-07-13 1:00 AM EDT
Tethys Petroleum Announces Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 25, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update.Drilling UpdateThe AKD-12 well at Akkulka has been tested and has produced gas at a rate of approximately 29.4 thousand cubic meters per day using a 6mm choke, and approximately 34.5 thousand cubic meters per day using an 8mm choke. The interval perforated was 587.97-592.57 meters. The company is planning to complete the AKD-12 test...
2021-05-25 1:00 AM EDT
Tethys Petroleum Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 13, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended March 31, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com. Operations update Tethys is in the...
2021-05-13 8:00 AM EDT
Tethys Petroleum: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 30, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2020 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com. Financing and Drilling update:Tethys is...
2021-04-30 6:05 PM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - April 15, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announces that it has completed the previously announced private placement with Pope Investments II, LLC.Pope Investments II, LLC acquired 2,592,115 ordinary shares of Tethys Petroleum. The price for the shares is .67 CAD per share for total proceeds to Tethys CAD$1,736,717. The placement is to Pope Investments II, LLC, an investment fund managed by Pope Asset Management,...
2021-04-15 1:00 AM EDT
Tethys Petroleum Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 30, 2021) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provide a corporate update.Private placementIn order to fund short term cash obligations, the Company has decided to pursue a private equity placement for 2,592,115 ordinary shares at .67 CAD per share (C$1,736,717). These proceeds will be used to fund previously incurred drilling expenses, 3D and 2D seismic expenses as well as selling, general, and administrative expenses. The...
2021-03-30 4:48 PM EDT