Tethys Petroleum Ltd. is pleased to provide a corporate update. Normal Course Issuer Bid The 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 during the period of February 7, 2022 to February 7, 2023. About Tethys Tethys is focused on oil and gas [...]
Tethys Petroleum Ltd. is pleased to provide a corporate update. Normal Course Issuer Bid The 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 during the period on or about February 7, 2022 to February 7, 2023. The Company plans to use ATB Capital Markets as its Member broker to conduct the purchases. Purchases will be effected [...]
Tethys Petroleum Ltd. is pleased to provide a corporate update. Oil Sale prepayment The 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 $13.25 million USD. The primary use of proceeds [...]
Tethys Petroleum Ltd. 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 update Production from [...]
Tethys Petroleum Ltd. 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 of oil to be produced under the [...]
Tethys Petroleum Ltd. 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 Report Election 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 Mattias Sjoborg - 31,287,582 votes For [...]
Tethys Petroleum Ltd. 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 shows a daily rate of approximately 44 tons using a 9mm choke. Management believes production may be enhanced through the use of acid to help stimulate the well and will consider this application [...]
Tethys Petroleum Ltd. 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 [...]
Tethys Petroleum Ltd. 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 needed to provide confirmation on the [...]
Tethys Petroleum Ltd. today provides a corporate update. Drilling Update The 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 and then contract this rig to [...]
Tethys Petroleum Ltd. 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 [...]
Tethys Petroleum Ltd. 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 [...]
+43,04 %
-94,12 %
