Tethys Petroleum Ltd.

Tethys Petroleum Ltd. today announced that it has filed its Annual Results for the year ended December 31, 2017. The full Annual Results together with Management's Discussion and Analysis and Annual Information Form 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. The Company [...]

Tethys Petroleum today announces that it has signed binding agreements with private investors, Jaka Partners FZC and Gemini IT Consultants DMCC to acquire ordinary shares in the Company. The key commercial terms of the Share Acquisition Agreements are summarized below. The Share Acquisition Agreements are subject to, among other things, receipt of approval from the NEX Board of the TSX Venture Exchange and other [...]

The Board of Directors of Tethys Petroleum today announces that Mr. Sam Barrows, Interim Chief Executive Officer, has decided to step down with immediate effect. The Board wishes to express its appreciation to Mr. Barrows for his excellent contribution to Tethys, during which time the group increased its oil price by 84% and streamlined its group cost structure substantially. The board also announces Mattias Sjoborg as [...]

Tethys Petroleum today announces that on June 29, 2018 the Alberta Securities Commission issued a Cease Trade Order against the Company and revoked the previously issued Management Cease Trade Order. Accordingly, Tethys securities have been halted from trading. The Cease Trade Order was issued because the Company has not yet filed its audited financial statements, CEO and CFO certifications, and management discussion [...]

Tethys Petroleum is providing an update on the status of the Management Cease Trade Order. On March 29, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Alberta Securities Commission for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended December 31, 2017 by the [...]

Tethys Petroleum today announces that its Kazakhstan subsidiary, Tethys Aral Gas LLP , has received notification from Special Financial Company DSFK LLP relating to a loan originally provided to Eurasia Gas Group LLP by Bank RBK JSC in 2012. Also in 2012, TAG pledged certain of its oil and gas assets as collateral for the RBK loan to EGG including gas pipelines, booster compressor stations and oil gathering facility. EGG [...]

Tethys Petroleum today announces that it has appointed Samuel Barrows as Interim Chief Executive Officer based in Aktobe, Kazakhstan. Mr. Barrows has over thirty years of experience in the energy industry including fifteen years in the United States and over fifteen years internationally in the Former Soviet Union and Europe. He was formerly Director of Marketing and Business Development at Max Petroleum Plc in [...]

Tethys Petroleum today announces that, as a result of certain financial and operational challenges that the Company has experienced over the past several months and as a result of the Company devoting significant management resources to rectifying these challenges, the Company will not be filing its annual financial statements, the related management's discussion and analysis or the accompanying chief executive officer [...]

The Board of Directors of Tethys Petroleum today announces that Mr. Kenneth May, Chief Executive Officer, is stepping down with immediate effect. The Board intends to announce a replacement for Mr. May as CEO in the near future. The Board's focus will be on having a Kazakhstan-based CEO where the Company's primary oil and gas operations are located. The Board wishes to express its thanks to Mr. May for his contribution to [...]

Tethys Petroleum today announces that Clive Oliver, Chief Financial Officer and Corporate Secretary of the Company has tendered his resignation which took effect from close of business on March 9, 2018. Mr. Oliver has worked for Tethys since August 2013 and is leaving to pursue new opportunities. The Board would like to express its gratitude to him for his strong contribution and steadfast support during his time with the [...]