Tethys Petroleum Ltd.

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 [...]

Tethys Petroleum Ltd. today provides a corporate update. Further loan restructuring On January 17, 2020 Tethys announced a loan amendment agreement with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 which had an outstanding balance of approximately US$12.1 million, the key terms of which are described below: The lender provided a waiver of all past defaults; The [...]

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 [...]