Tethys Petroleum: Board Change
Grand Cayman, Cayman Islands--(Newsfile Corp. - February 5, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that Medgat Kumar has tendered his resignation from the Board of Directors of the Company (the "Board") which will take place with immediate effect. Mr. Kumar has informed the Company that he is optimistic for the long-term future of Tethys and that his resignation is tied to the recent sale of family owned shares in Tethys to generate funds...
2020-02-05 8:42 AM EST
Tethys Petroleum: Loan Conversion
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 27, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce the conversion of approximately US$5.8 million of loans into Tethys ordinary shares.On March 9, 2015, the Company entered into a two year unsecured loan of US$3,500,000 (the "Loan") from Annuity and Life Reassurance Ltd ("Annuity") and on June 1 2015, the Company issued a US$1,760,978 Unsecured Convertible Debenture due June 30, 2017 (the "Debenture", and...
2020-01-27 8:35 AM EST
Tethys Petroleum: Second Loan Restructuring
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 17, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce completion of a second loan restructuring.The Company has signed a loan amendment agreement ("Amendment Agreement") with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 (the "Loan") with current outstanding balance of approximately US$12.1 million, the key terms of which are described below:(i) ...
2020-01-17 1:00 PM EST
Tethys Petroleum: Loan Restructuring
Grand Cayman, Cayman Islands--(Newsfile Corp. - January 6, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces completion of a loan restructuring.The Company has agreed with one of its lenders to restructure a loan with current outstanding balance of US$14.1 million, the key terms of which are described below:The lender has provided a waiver of all past defaults;The maturity date has been extended from January 31, 2017 to December 31, 2021;Repayment of US$1,000,000 contingent upon certain...
2020-01-06 2:23 PM EST
Tethys Petroleum: Corporate Update
Grand Cayman, Cayman Islands--(Newsfile Corp. - November 26, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides a corporate update.DSFK and Gas ProductionAs previously announced, the Company's subsidiary, Tethys Aral Gas LLP ("TAG"), received notification from its gas customer in August of this yea
2019-11-26 5:43 AM EST
Tethys Petroleum: Gas Production
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 19, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides an update to its announcement of September 9, 2019 regarding possible interruption to its gas production.The Company's subsidiary, Tethys Aral Gas LLP ("TAG") received written notification from its gas customer that it intended to reduce its acceptance of gas produced by TAG from September 1, 2019 by at least 50%. This followed receipt of a letter from...
2019-09-19 6:40 AM EDT
Tethys Petroleum: Cancellation of Scheme of Arrangement
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 12, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides an update to its announcement of September 9, 2019 regarding the cancellation of the Scheme of Arrangement.Tethys announced on September 9, 2019 that Jaka Partners FZC ("Jaka") had exercised its contractual right to terminate the Arrangement Agreement of March 19, 2019 by delivering a termination notice to Tethys and therefore the Scheme of Arrangement had been cancelled and...
2019-09-12 5:00 PM EDT
Tethys Petroleum: DSFK Dispute and Cancellation of Scheme of Arrangement
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides an update to its announcement of August 24, 2019 regarding the dispute with Special Financial Company DSFK LLP ("DSFK") and also announces cancellation of the Scheme of Arrangement.DSFK Dispute
2019-09-09 6:41 AM EDT
Tethys Petroleum Announces Change of CEO
Grand Cayman, Cayman Islands--(Newsfile Corp. - September 3, 2019) - The Board of Directors of Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that Mattias Sjoborg has decided to step down from the role of Chief Executive Officer ("CEO") with immediate effect but will remain a member of the Board. The other Board members w
2019-09-03 6:49 AM EDT
Tethys Petroleum: Update on Kazakhstan Loan and Scheme of Arrangement
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 24, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides an update to its announcement of April 20, 2018 regarding its Kazakhstan subsidiary, Tethys Aral Gas LLP ("TAG"), Special Financial Company DSFK LLP ("DSFK") and a loan originally provided to Eurasia Gas Grou
2019-08-24 7:50 AM EDT
Tethys Petroleum: Update on Scheme of Arrangement
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 23, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today provides an update regarding the previously announced Scheme of Arrangement proposed to be made between Jaka Partners FZC ("Jaka"), the Company and the holders of its Ordinary Shares (the "Scheme"). The Scheme was
2019-07-23 6:45 AM EDT
Tethys Petroleum: Results of Annual General and Special Meeting
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 1, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces the results of the Annual General and Special Meeting ("AGSM") held on June 28, 2019. The following resolutions put to shareholders at the AGSM were passed on a poll at the meeting:
2019-07-01 6:58 AM EDT
Tethys Petroleum Limited Provides Update on Scheme of Arrangement and Drilling Plans
Grand Cayman, Cayman Islands--(Newsfile Corp. - June 25, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces information regarding the intentions of certain shareholders in connection with the previously announced Scheme of Arrangement proposed to be made between Jaka Partners FZC, the Company and the holders of its Ordinary Shares (the "Scheme"). The Board of Directors of the Company understands that the following shareholders: Olisol Petroleum Limited, Impex Trade Limited, Global Invest Services Limited, Gemini...
2019-06-25 2:48 PM EDT
Tethys Petroleum: Annual General and Special Meeting
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 21, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announced that on May 17, 2019 the Grand Court of the Cayman Islands ordered that the Company should convene a meeting to be held at the Sheraton Hotel, Frankfurt Airport, 1 Hugo-Eckener-Ring 15, 60549 Frankfurt, Germany on 28 June 2019 at 10:30am (local time) of the holders of the Ordinary Shares of the Company (the "Meeting), for the...
2019-05-21 6:34 AM EDT
Tethys Petroleum Press Release: Annual Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 1, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2018 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussi
2019-05-01 6:14 AM EDT
Tethys Petroleum: Trading Halt Lifted and Trading to Resume
Grand Cayman, Cayman Islands--(Newsfile Corp. - March 28, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that trading in the Company's Ordinary Shares ("Ordinary Shares") on the NEX Board of the TSX Venture Exchange ("NEX") is expected to resume at the opening of the market on Thursday March 28, 2019, or so
2019-03-28 6:24 AM EDT
Tethys Petroleum: Definitive Agreement for Acquisition of Control
Proposed TransactionGrand Cayman, Cayman Islands--(Newsfile Corp. - March 19, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that further to the Company's press release on December 20, 2018, Jaka Partners FZC ("Acquiror") and Tethys have today signed a binding arrangement agreement (the "Definitive Agreement") with respect to a potential acquisition by Acquiror of Tethys' outstanding ordinary shares ("Ordinary Shares") it does not already own pursuant to a scheme of arrangement under the Companies Law (2018...
2019-03-19 4:57 PM EDT
Tethys Petroleum: Possible Acquisition of Control
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 20, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that Tethys' board has received a verbal expression of interest for a possible acquisition of a significant number of Tethys' ordinary shares from representatives of existing shareholders Jaka Partners FZC and Gemini IT Consultants DMCC ("the New Investors"). The structure of the transaction is being discussed though the New Investors or their affiliates would acquire up to 70%...
2018-12-20 7:31 AM EST
Tethys Petroleum: Share Consolidation
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 17, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announces that pursuant to a special resolution passed by shareholders on November 28, 2018, the Company has consolidated its ordinary shares on a ten (10) for one (1) basis. The name of the Company has not been changed.Effective at the opening of trading on Friday, December 21, 2018, the ordinary shares of Tethys will commence trading on NEX Board of the TSX...
2018-12-17 4:35 AM EST
Tethys Petroleum: Interim Results
Grand Cayman, Cayman Islands--(Newsfile Corp. - December 7, 2018) - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended September 30, 2018. 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
2018-12-07 9:51 AM EST