Tethys Petroleum Ltd.

Tethys Petroleum today announces that the Continued Listings Committee of the Toronto Stock Exchange has determined that the Company no longer meets the continued listing requirements of the TSX, as detailed the TSX Company Manual, and will not be able to continue with its listing on the TSX after February 23, 2018. Notwithstanding the above, the TSX has advised the Company that it will work with the Company towards a [...]

Tethys Petroleum today announces that it has received non-binding proposals from two unrelated private investors, Nurbek Medeuov and Valikhan Zhalmaganbetov to acquire ordinary shares in the Company. The key commercial terms of the Share Acquisition Proposals are summarised below. The Share Acquisition Proposals are subject to, among other things, agreement on definitive documentation and detailed terms, receipt of [...]

Tethys Petroleum today announces an update of its gas drilling program. Tethys is pleased to announce that it has completed drilling seven new shallow gas wells out of the previously announced eight well program. Due to weather conditions, the eighth well is expected to be drilled in the spring of 2018. All seven wells were tested successfully for gas at a depth of between 470 and 550 meters. In addition to the new wells [...]

Tethys Petroleum Ltd. today announces an update on legal matters in Kazakhstan. On December 29, 2017 the Republic of Kazakhstan Supreme Court ruled to suspend the execution of claims made by Eurasia Gas Group LLP against the Company's Kazakhstan subsidiary, Tethys Aral Gas LLP , following earlier rulings by the Almaty City Specialized Inter-district Court on May 23, 2017 and the Almaty City Court Judicial Division for [...]

Tethys Petroleum today announces that its subsidiary, Kulob Petroleum Limited, has been notified of the final arbitration award in respect of Kulob's interest in the Bokhtar Production Sharing Contract and Joint Operating Agreement and Shareholders' Agreement with Total E&P Tajikistan B.V. and CNPC Central Asia B.V. pertaining to oil and gas exploration and production rights in Tajikistan. Background Kulob entered into [...]

Tethys Petroleum today announces that the Toronto Stock Exchange has agreed to extend its Remedial Review Process for an additional 30 days from today as the Company is in the process of applying to transfer its listing to the TSX-V. The TSX is aware of the application and has allowed the extra time for the application to be processed. There is no certainty that the TSX-V will approve the Company's listing application [...]

Tethys Petroleum Ltd. today announced its results for the quarter ended September 30, 2017. Q3 Financial Highlights Oil and gas sales and other revenues decreased by 17% to USD2.6 million from USD3.1 million, however, net revenues increased by 43% to USD3.5 million from USD2.5 million because there were no sales expenses in the current quarter and sales expenses which had been accrued for the period May to December 2016 [...]

Tethys Petroleum Ltd. today announces a corporate update. Update on Gas Drilling Program Further to the update provided by the Company on September 28, 2017, drilling company Great Wall has completed drilling the fourth gas well out of the current plan to drill eight wells in 2017 and is now preparing to commence drilling the fifth well. Testing to date of the first two well drilled, KYZ-111 and KYZ-110, shows potential [...]

Tethys Petroleum Ltd. today announces a corporate update. Approval Received for Continuation of Oil Production The Company's subsidiary Tethys Aral Gas LLP was recently notified by the competent authority in Kazakhstan of its approval of the continuation of the Company's Akkulka Oil Field Pilot Production Project from January 1, 2018 to March 10, 2019. This period coincides with the related Akkulka Exploration Licence and [...]

GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Sep 1, 2017) - Tethys Petroleum Ltd. ("Tethys" or the "Company") (TSX:TPL) today announces an update on the Toronto Stock Exchange's ("TSX") expedited review of the eligibility criteria for the continued listing of the Company's ordinary shares. Following a detailed written submission by the Company and a meeting of the Continued Listing Committee of TSX (the "Committee") held [...]