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Tethys Petroleum Ltd (TPL.TO)

TPL.TO on Toronto Stock Exchange

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21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Tethys Petroleum reports Q1 results
Monday, 15 May 2017 04:30pm EDT 

May 15 (Reuters) - Tethys Petroleum Ltd :Tethys Petroleum reports Q1 results.Q1 oil production averaged 682 BOPD compared with 861 BOPD in Q1 2016.Qtrly gas production cost per MCM in Q1 increased to 14.49 compared with 13.27 in Q1 2016.Qtrly oil and gas sales and other revenues decreased by 86 pct in Q1 of 2017 to 0.5 million from 3.5 million in Q1 2016.  Full Article

Tethys Petroleum prepaid about US$322,161 of US$3.5 mln non-convertible loan received March 20, 2015
Tuesday, 20 Dec 2016 07:44am EST 

Tethys Petroleum Ltd : Prepaid approximately US$322,161 of US$3.5 million non-convertible loan received march 20, 2015 and due march 20, 2017 . Tethys Petroleum Ltd - if amendments become effective, ALR loans will be amended to extend maturity dates to January 27, 2020 . Partial prepayment of loan was satisfied through issuance of 20.2 million ordinary shares .Tethys Petroleum Ltd - entered into amendment agreements with ALR to loan as well as to US$1.8 million convertible debenture due June 30, 2017.  Full Article

Medgat Kumar acquires ordinary shares, warrants of Tethys Petroleum
Wednesday, 30 Nov 2016 07:56am EST 

Medgat Kumar: Medgat Kumar acquires ordinary shares and warrants of Tethys petroleum .Medgat Kumar - acquired beneficial ownership of aggregate of 44 million ordinary shares in capital of Tethys Petroleum pursuant to non-brokered private placement.  Full Article

Sanjeev Kumar acquires ordinary shares and warrants of Tethys Petroleum
Wednesday, 30 Nov 2016 07:56am EST 

Sanjeev Kumar: Sanjeev kumar acquires ordinary shares and warrants of tethys petroleum . Sanjeev Kumar bought beneficial ownership, control of 44 million ordinary shares in capital of company and 96.2 million ordinary earnings per share purchase warrants . Acquired shares and warrants of Tethys Petroleum for an aggregate purchase price of US$700,001.11 . Ordinary shares acquired by kumar represent approximately 9.0% of Tethy's Petroleum's current issued and outstanding ordinary shares .Tethys Petroleum ordinary shares & warrants acquired represent 50% of issued & outstanding warrants of this particular class of warrants.  Full Article

Tethys Petroleum says Q3 revenues down 46 pct
Wednesday, 16 Nov 2016 02:00am EST 

Tethys Petroleum Ltd : Revenues decreased by 46 pct to $3.1 mln from 5.7 mln stg . Loss of $4.0 mln was higher than loss of $3.7 mln in 2015 . Capital expenditure at $0.3 mln (Q3 2015: $1.9 mln) .Current quarter gas production averaged 2,106 boe/d compared with 3,121 boe/d in Q3 2015 reflecting a natural decline in overall production.  Full Article

Tethys Petroleum appoints Kenneth May as interm CEO
Tuesday, 15 Nov 2016 04:11pm EST 

Tethys Petroleum Ltd - : Average oil production for quarter decreased to 742 bopd versus 1,702 bopd . Current quarter gas production averaged 2,106 boe/d compared with 3,121 boe/d in q3 2015 . Quarterly loss per share $0.01 . Current quarter gas production averaged 2,106 boe/d compared with 3,121 boe/d in Q3 2015 . Kenneth J. May was appointed as interim chief executive officer and his permanent appointment has since been confirmed . Tethys Petroleum Limited press release: 2016 Q3 results .Q3 revenue $3.1 million.  Full Article

Tethys Petroleum says claims against employees in Kazakhstan dismissed
Tuesday, 15 Nov 2016 05:35am EST 

Tethys Petroleum Ltd : Previously announced claims against employees of company's subsidiary Tethys Aral Gas LLP in Kazakhstan dismissed . Computers and documents taken during investigation have been returned to company .Continues to work to have court imposed freezing order over TAG's bank accounts lifted, restore normal operations soon as possible.  Full Article

Tethys Petroleum board ousts Alexander Abramov as chairman
Friday, 4 Nov 2016 03:00am EDT 

Tethys Petroleum Ltd : Board and management changes . Alexander Abramov has been removed from board of directors of company by a majority vote of board . Alexander Abramov has been replaced as chairman of board by William P. Wells .Board now comprises William P. Wells and Adeola Ogunsemi and company anticipates making additional director appointments in near future.  Full Article

Tethys Petroleum says board confirms interim CEO as permanent CEO
Thursday, 3 Nov 2016 05:54pm EDT 

Tethys Petroleum Ltd : Tethys Petroleum Ltd - Alexander Abramov has been replaced as chairman of board by William P. Wells . Tethys Petroleum -board now comprises William P. Wells and Adeola Ogunsemi and co anticipates making additional director appointments in near future .Tethys Petroleum Ltd - Kenneth May, who was appointed interim ceo has been confirmed by board as company's permanent chief executive officer.  Full Article

Tethys Petroleum appoints Kenneth May as interim CEO
Tuesday, 2 Aug 2016 11:47am EDT 

Tethys Petroleum Ltd : Tethys Petroleum Ltd says appointment of Kenneth J. May as interim chief executive officer .May will replace julian hammond who is leaving tethys.  Full Article

BRIEF-Tethys Petroleum reports Q1 results

* Q1 oil production averaged 682 BOPD compared with 861 BOPD in Q1 2016