A2PAZ7 Tethys Petroleum

Tethys Petroleum Press Release: Management Change

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 its appreciation to Clive for his work in helping Tethys through a challenging period over the last few years. The board wishes Clive all the best in his future endeavors.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

Contact Information:

Tethys Petroleum

To view the source version of this press release, please visit

EN
04/05/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Tethys Petroleum

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 13/12/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Reflections on Welchau - Three intervals in the Reifling formation (1324 m-1340 m, 1346 m-1351 m and 1358 m-1382 m MD) were perforated but only limited inflow was determined. No fluid could reach the surface after the well was shut in. Sampling of the well indicated only completion brine (not reservoir fluid) and fine solid particles of unknown origin. ADX will analyse the particl...

Stephane Foucaud
  • Stephane Foucaud

Tethys Oil AB (SSE: TETY): Kunooz water wet

• The Kunooz-1 well yielded only water and traces of hydrocarbons on test. • We now assume that shareholders will accept the take-over offer by Roc Oil at SEK58.70 per share. • We have set our target price at that level. Valuation We have taken out the value of Block 58 from our valuation. Our new ReNAV is SEK58 per share, which is very close to the acquisition price offered by Roc Oil.

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 06/12/2024

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.08 per share: US$100 mm guarantees highlight the value of the South Africa energy trading business - British International Investment (BII) and GuarantCo have announced a US$100 mm guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned and was co-founded by Chariot (49%) and H1 Holdings (51%). Etana is one of the few companies holding an electric...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 29/11/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of NOK51 per share: Water inflow from a small interval in Welchau deeper formation. Continuing well test up hole – Two intervals in the Steinalm formation (1452.5 m-1463.5 m and 1474.5 m-1480 m MD) were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces. Gas was initially observed at surface. While the achieved flow rate hig...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 22/11/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C: Portion of deeper target at Welchau flows water on test – Two intervals (total of ~16 m) in the Steinalm formation. were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces. Gas was initially observed at surface. While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappoi...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch