Tethys Petroleum Ltd. announces today that Clive Oliver has resigned as Chief Financial Officer effective immediately. Clive has agreed to help coordinate with Tethys auditor, Grant Thornton, through this week in order to help with the release of the 2019 Annual Financial Statements. Tethys will begin an immediate search for a replacement as CFO. The Tethys board would like to express its appreciation to Clive for his [...]
Tethys Petroleum Ltd. today announced that it will not file the following documents for the year ended December 31, 2019 by April 30, 2020 but intends to take advantage of the exemption afforded by the Canadian securities regulatory authorities in view of Covid-19 and will make its filings at the earliest possible opportunity: Audited Consolidated Financial Statements Management's Discussion and Analysis FORM 51-101F1 [...]
Tethys Petroleum Ltd. today provides a corporate update. Gas sales prepayment Tethys is pleased to announce that its Kazakhstan subsidiary TethysAralGas LLP has received a prepayment of approximately US$7.6 million from its gas customer. TAG will continue to invoice its gas customer monthly in the normal way and the price of gas sold will be determined each month in accordance with the terms of the existing gas sales [...]
Tethys Petroleum Ltd. today provides a corporate update. TSX Venture Exchange Application Tethys is pleased to announce that it has received conditional approval from the TSX Venture Exchange to graduate from the NEX Board to the TSXV as a Tier 2 Oil & Gas Issuer. Approval has also been given by the TSXV for the previously announced shares for debt transaction with Olisol Petroleum Limited and the convertible debenture [...]
Tethys Petroleum Ltd. is pleased to announce that Yerlan Dikhanbayev has been appointed a director of the Company. Yerlan is currently a Director of Eurotransit Terminal LLP, a Kazakhstan-based trade and procurement, commercial, agency, customs brokerage, warehousing, rendering and freight forwarding services business. He has held similar senior level positions at Qazaq Business Group LLP, KazTransGas Aimak JSC [...]
Tethys Petroleum Ltd. is pleased to announce it has 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 key terms of the Settlement Agreement insofar as they affect Tethys are: Tethys and Olisol agree that they shall seek to discontinue the Canadian lawsuit commenced by Tethys on January 27 [...]
Tethys Petroleum Ltd. today announces that Medgat Kumar has tendered his resignation from the Board of Directors of the Company 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 for other projects his family intends to pursue. He has [...]
Tethys Petroleum Ltd. 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 from Annuity and Life Reassurance Ltd and on June 1 2015, the Company issued a US$1,760,978 Unsecured Convertible Debenture due June 30, 2017 to Annuity. On January 27, 2017, at an Extraordinary General [...]
Tethys Petroleum Ltd. is pleased to announce completion of a second loan restructuring. The Company has signed a loan amendment agreement with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 with current outstanding balance of approximately US$12.1 million, the key terms of which are described below: The lender has provided a waiver of all past defaults; The maturity [...]
Tethys Petroleum Ltd. 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 [...]
Tethys Petroleum Ltd. today provides a corporate update. DSFK and Gas Production As previously announced, the Company's subsidiary, Tethys Aral Gas LLP , received notification from its gas customer in August of this year that it intended to reduce its gas purchases from TAG. This was in response to a letter received from Special Financial Company DSFK LLP that it intended to dismantle and dispose of TAG's gas [...]
Gas Production Tethys Petroleum Ltd. today provides an update to its announcements of September 9, 2019 and September 19, 2019 regarding possible interruption to its gas production. The Company's subsidiary, Tethys Aral Gas LLP received written notification from its gas customer that it intended to reduce its gas purchases from TAG by at least 50%, commencing September 1, 2019. This followed receipt of a letter by TAG's [...]
+73,71 %
-47,09 %
