News & Videos - TETHYS PETROLEUM LIMITED ORD USD0.10

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - June 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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 (together " Olisol ") and DSFK Special Finance Company LLP (" DSFK "), (hereinafter the " Settlement Agreement ")....

Grand Cayman, Cayman Islands--(Newsfile Corp. - May 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - May 5, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides a corporate update. Further loan restructuring On January 17, 2020 Tethys announced a loan amendment agreement (" Amendment Agreement ") with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 (the " Loan ") which had an outstanding balance of approximately US$12.1 million, the key terms of which...

Grand Cayman, Cayman Islands--(Newsfile Corp. - May 4, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys ") announces today that Clive Oliver has resigned as Chief Financial Officer (" CFO ") effective immediately. Clive has agreed to help coordinate with Tethys auditor, Grant Thornton, through this week (May 8) 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - April 30, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - April 16, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides a corporate update. Gas sales prepayment Tethys is pleased to announce that its Kazakhstan subsidiary TethysAralGas LLP (" TAG ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - March 17, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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 (" TSXV ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - March 4, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - February 8, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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 (together " Olisol ") and DSFK Special Finance Company LLP (" DSFK "), (hereinafter the " Settlement Agreement") . The key terms of the Settlement Agreement insofar as they affect Tethys are:...

Grand Cayman, Cayman Islands--(Newsfile Corp. - February 5, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today announces that Medgat Kumar has tendered his resignation from the Board of Directors of the Company (the " Board ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 27, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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 (the " Loan ") from Annuity and Life Reassurance Ltd (" Annuity ") and on June 1 2015, the Company issued a US$1,760,978 Unsecured Convertible Debenture due June 30,...

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 17, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") is pleased to announce completion of a second loan restructuring. The Company has signed a loan amendment agreement (" Amendment Agreement ") with one of its lenders to restructure the loan originally made to the Company by AGR Energy Limited No. 1 (the " Loan ") with current outstanding balance of approximately US$12.1 million, the key terms of which are...

Grand Cayman, Cayman Islands--(Newsfile Corp. - January 6, 2020) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") 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...

Grand Cayman, Cayman Islands--(Newsfile Corp. - November 26, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides a corporate update. DSFK and Gas Production As previously announced, the Company's subsidiary, Tethys Aral Gas LLP (" TAG "), 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 (" DSFK ") that...

Grand Cayman, Cayman Islands--(Newsfile Corp. - September 19, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides an update to its announcement of September 9, 2019 regarding possible interruption to its gas production. The Company's subsidiary, Tethys Aral Gas LLP (" TAG ") received written notification from its gas customer that it intended to reduce its acceptance of gas produced by TAG from September 1, 2019 by at least 50%. This followed receipt of...

Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides an update to its announcement of August 24, 2019 regarding the dispute with Special Financial Company DSFK LLP (" DSFK ") and also announces cancellation of the Scheme of Arrangement. DSFK Dispute The Company has worked hard to try to reach a negotiated settlement with DSFK in order to have the asset pledges of its subsidiary, Tethys Aral Gas...

Grand Cayman, Cayman Islands--(Newsfile Corp. - September 3, 2019) - The Board of Directors of Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today announces that Mattias Sjoborg has decided to step down from the role of Chief Executive Officer (" CEO ") with immediate effect but will remain a member of the Board. The other Board members wish to express their appreciation to Mr. Sjoborg for his excellent contribution to Tethys as CEO during which time the group...

Grand Cayman, Cayman Islands--(Newsfile Corp. - August 24, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides an update to its announcement of April 20, 2018 regarding its Kazakhstan subsidiary, Tethys Aral Gas LLP (" TAG "), Special Financial Company DSFK LLP (" DSFK ") and a loan originally provided to Eurasia Gas Group LLP (" EGG ") by Bank RBK JSC (" RBK ") in 2012. Tethys also provides an update to its announcement of July 23, 2019 regarding...

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 23, 2019) - Tethys Petroleum Limited (TSXV: TPL.H) (" Tethys " or the " Company ") today provides an update regarding the previously announced Scheme of Arrangement proposed to be made between Jaka Partners FZC (" Jaka "), the Company and the holders of its Ordinary Shares (the " Scheme "). The Scheme was approved by shareholders at the Company's Annual General and Special Meeting held on June 28, 2019 and on July 16, 2019 the Grand Court of...