Tethys receives private investment proposals
7th Nov 2016 15:14
(ShareCast News) - Tethys Petroleum announced on Monday that it has received non-binding proposals from private investors, Winston Sanjeev Kumar Soosaipillai and Medgat Kumar to acquire ordinary shares in the company. The Toronto and London-listed company said the key commercial terms of the share a
Read moreNostrum withdraws offer for Tethys Petroleum
7th Oct 2015 07:55
(ShareCast News) - Nostrum Oil & Gas has withdrawn its proposed offer to acquire Tethys Petroleum and supply it with interim funding. "Tethys' largest shareholder, Pope Asset Management LLC, has informed Nostrum that it does not support the proposed offer and therefore, despite the progress made by
Read moreTethys Petroleum rallies as Olisol emerges as second suitor
5th Oct 2015 11:06
(ShareCast News) - Shares in Kazakhstan-focused Tethys Petroleum rallied as it acknowledged that Olisol Investment Group, a private company headquartered in Kazakhstan, has submitted a non-binding proposal to to the oil and gas firm, which is currently in takeover talks with Nostrum Oil & Gas. Tethy
Read moreNostrum confirms further approach to Tethys
10th Aug 2015 07:41
(ShareCast News) - Nostrum Oil & Gas confirmed that it has made a further approach to Tethys Petroleum about a possible offer for the company at C$0.2185 per Tethys share. Following the approach, Tethys and Nostrum have negotiated a $5m loan financing in order to support the short-term liquidity of
Read moreNostrum Oil makes further approach to Tethys Petroleum
13th Jul 2015 08:39
(ShareCast News) - Nostrum Oil has made a further approach to Tethys Petroleum regarding a possible offer the entire company. The possible offer price, whether in cash or shares, of C$0.2185 represents a premium of 46% over the closing share price on the Toronto Stock Exchange as of 9 July. The poss
Read moreTethys Petroleum agrees to extend exclusivity period with AGR Energy
12th Jun 2015 12:07
Tethys Petroleum has agreed a short extension to its exclusivity period with AGR Energy, which originally ran to 12 June. The period will now run until 26 June to give the company additional time to negotiate a potential larger financing. Its share price had declined 4.68% to 9.29p by 08:50 on Frid
Read moreTethys Petroleum's first gas well of 2014 a success
7th Mar 2014 10:38
Tethys Petroleum's shares climbed after the oil and gas company said the first exploration well of its 2014 programme has been successful. Analysis of the AKK17 well showed a similar output to the AKK15 well, which tested gas at a stable rate of 7m cubic feet per day. The AKK17 well, drilled to a
Read moreOil and gas firm Tethys buys assets in Georgia
2nd Jan 2014 10:38
Oil and gas company Tethys has completed the acquisition of a 56 per cent interest in Blocks XIA, XIM and XIN at the Iberia project in eastern Georgia. The group also announced that it will no longer proceed with the acquisition of Blocks VIII and XIG at the Tamar project as it does not believe tha
Read moreTethys Petroleum unveils first annual cash profit
2nd Apr 2013 09:34
Tethys Petroleum said on Tuesday it achieved its first annual cash profit as oil and gas revenue grew 66 per cent in 2012. The company reported oil and gas sales of $38.1m for the year to December 31st, 2012, up from $22.9m a year earlier. Cash profit (as defined as revenue minus production costs
Read moreKazakhstan Ministry extends Tethys Petroleum's Kul-Bas contract
28th Feb 2013 12:49
The Ministry of Oil and Gas of the Republic of Kazakhstan has extended the exploration period of Tethys Petroleum's Kul-Bas exploration and production contract by a further two years until November 11th 2015. The Kul-Bas contract area, which currently covers an area of 7,632 square kilometres, surr
Read moreTethys Petroleum doubles price of gas in Kazakhstan
31st Jan 2013 13:17
Tethys Petroleum has doubled the net price of gas sold in Kazakhstan, the company announced Thursday. The new gas price after marketing and distribution costs is $65, or $72.8 including VAT, per thousand cubic meters. The price hike comes as its subsidiary TethysAralGas signed two gas contracts w
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