Tethys Petroleum Ltd.

Tethys Petroleum Ltd. today provides a corporate update. Operations update Activities for drilling of AKD-12 and AKD-33 gas wells are moving forward with the start of drilling anticipated for middle of October. It is anticipated that the drilling operations will be completed on both wells by the end of November. The AKD-12 is believed to have potential for an oil find in addition to gas. Tethys also has entered into [...]

Tethys Petroleum Ltd. today provides a corporate update. The recently drilled gas wells at Akkulka, AKK-100 and AKK-101 have successfully produced gas a rate of approximately 60,000 cubic meters per day. They have already been tied into pipelines and are producing. The most recent testing on the KBD-02 has continued to produce approximately 3,000 barrels per day using a 12 mm choke. In total, the well has produced over [...]

Tethys Petroleum Ltd. today provides a corporate update. Operations Update Tethys has received an updated resource report from Gustavson Associates based upon the latest data from the production testing on the KBD-02 well. The Low Estimate of Contingent Resources from the Jurassic zone is approximately 39 million barrels, the Best Estimate of Contingent Resources is 168 million barrels, and the High Estimate of Contingent [...]

Tethys Petroleum Ltd. today announced that it has filed its Interim Results for the three months ended June 30, 2020 and for the six months ended June 30, 2020. 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 [...]

Tethys Petroleum Ltd. today provides a corporate update. Operations Update Tethys has continued the production testing of the second zone of KBD-02 . Over the last 20 days, the second zone has produced approximately 2,000 barrels of oil per day using different choke sizes. The most recent testing has used an 11 mm choke and produced approximately 2,800 barrels of oil per day over the last 7 days. The pressure has remained [...]

Tethys Petroleum Ltd. today provides a corporate update. Klymene Resource Report Given the recently released results on KBD-02 , management thought shareholders may be interested in seeing additional information on the prospect. Tethys is pleased to provide a resource report prepared in 2014 on the Klymene Prospect and has posted this report to the company's web site . The report provides a map of the production area and [...]

Tethys Petroleum Ltd. today provides a corporate update. Testing of Klymene Exploration Well The test period for the first zone has been completed and the testing for the second potential zone has been initiated. The test was done using different choke sizes between 5mm and as high as 11mm. The 11mm choke increased production to over 700 bopd from the previously announced 400 bopd . Management is pleased to announce that [...]

Tethys Petroleum Ltd. is pleased to announce its approval for graduation from NEX to a Tier 2 'Oil & Gas' issuer on the TSX Venture exchange. This graduation will occur on Friday, July 10, 2020. A bulletin from the TSX will be released today. Tethys has successfully completed the necessary conditions as originally detailed in the press release from February 8, 2020 and further updated on April 16, 2020, and June 8, 2020 [...]

Tethys Petroleum Ltd. today provides a corporate update. Completion of DSFK Agreement On February 8, 2020 Tethys announced that it had reached a legally binding settlement agreement with Olisol Petroleum Limited and certain of its affiliated companies and their principals and DSFK Special Finance Company LLP , . The Kazahkstan Supreme court has ratified the agreement effective May 26, 2020. The Company has made the [...]

Tethys Petroleum Ltd. today announced that it has filed its Annual Results for the year ended December 31, 2019 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 Tethys Tethys [...]