February 10, 2017 Tethys Petroleum Press Release (TSX: TPL, LSE: TPL) Announcement from Olisol Petroleum Limited GRAND CAYMAN, CAYMAN ISLANDS - Tethys Petroleum Limited ("Tethys" or the "Company") acknowledges the public announcement by Olisol Petroleum Limited on February 9, 2017 regarding the validity of Tethys Extraordinary General Meeting ("EGM") held on January 27, 2017. The Tethys Board would like to inform shareholders and other interested parties that the Management Information Circular dated December 22, 2016 mailed to shareholders did contain all material information required for shareholders to make an informed decision at the EGM and the EGM was conducted in accordance with proper procedure under applicable laws as well as the Company's Articles of Association. Prior to the EGM, Tethys and each of its Kazakhstan subsidiaries commenced legal action against Olisol Investments Limited, Olisol Petroleum Limited and certain of their respective principals and/or affiliates in the Court of Queen's Bench of Alberta seeking, among other things, damages arising from failure to meet contractual obligations under an Investment Agreement between the parties on October 27, 2016 and damages arising from unlawful interference with Tethys' business activities, including issuing erroneous press release information about Tethys as alleged. Tethys intends to enforce its rights and legitimate interests to the fullest extent permitted by law, to protect its investors, assets, investments, management and employees.
CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 01/20/17 -- Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") is pleased to announce the appointment of Medgat Kumar to the Board of Directors of the Company effective today. Medgat Kumar is the owner and Director of Petro Impex Trade LLP. Petro Impex Trade LLP is a Kazakhstan based company whose primary activities are trading of crude oil and petroleum products, oil refining and terminals businesses. 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.
GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Nov. 16, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") is pleased to announce the appointment of Mattias Sjoborg to the Board of Directors of the Company. Mattias joined Plena Group in 2001 and has led teams through origination, due diligence, negotiation and the restructuring of medium to large emerging market enterprises. In 2011, Mattias bought out Plena Group in a management buy-out and has led its growth by continuing to assemble cross border transactions as well as government privatisations in predominantly emerging markets. Mattias has a BA in Corporate Finance and an MBA degree from IMD Lausanne, Switzerland. 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.
November 15, 2016 05:31 ET Claims Made Against Tethys Employees in Kazakhstan Dismissed GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Nov. 15, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") is pleased to announce that the previously announced claims against employees of the Company's wholly owned subsidiary Tethys Aral Gas LLP ("TAG") in Kazakhstan have been dismissed. Tethys wishes to acknowledge the assistance of the Office of the Almaty City Prosecutor in quickly reviewing the claims and dismissing the case. Computers and documents taken during the investigation have been returned to the Company. The Company continues to work to have the Court imposed freezing order over TAG's bank accounts lifted and restore normal business operations as soon as possible.
*******
2016 Tethys Petroleum Press Release Sunday, November 6, 2016 - Proposals to Acquire Shares in Tethys Petroleum Limited GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Nov. 6, 2016) - Tethys Petroleum Limited ("Tethys" or the "Company")(TSX:TPL)(LSE:TPL) today announces that it has received non-binding proposals from private investors, Winston Sanjeev Kumar Soosaipillai and Medgat Kumar (each, an "Investor" and together, the "Investors") to acquire ordinary shares in the Company (together, the "Share Acquisition Proposals"). The key commercial terms of the Share Acquisition Proposals are summarized below. The Share Acquisition Proposals are subject to, among other things, agreement on definitive documentation, completion of legal and financial due diligence by the Investors and receipt of approval from the Toronto Stock Exchange (the "TSX"). The parties do not anticipate any other regulatory or merger control approvals to complete the transactions. The Investors have advised that they expect to be able to complete their due diligence by November 11, 2016, and the Company expects that, subject to satisfaction of the conditions noted above, the placing would close on or about November 11, 2016. If completed, the placements will bring much needed funding to the Company as well as provide it with strong in-country partners in Kazakhstan and internationally. Summary of Share Acquisition Proposals The Investors would each acquire 43,951,698 ordinary shares of Tethys which, calculated separately and based on the total number or ordinary shares currently in issue of 400,004,848, would result in each Investor acquiring approximately 9.9% of the enlarged share capital of the Company. The price for the ordinary shares would be US$0.01593 per share (or CDN$0.02136 based on the November 4, 2016 exchange rate) representing a 24% premium to the volume weighted average price ("VWAP") of CDN$0.01726 for the five trading days to November 4, 2016. The total proceeds would amount to approximately US$1.4 million. The Company would grant each Investor share purchase warrants giving each Investor the right to acquire up to 43,951,698 ordinary shares of Tethys for a period of three years from the grant date. The exercise price for the warrants would be US$0.031 (or CDN$0.041 based on the November 4, 2016 exchange rate) representing a 138% premium to the VWAP of CDN$0.022 for the five trading days to November 4, 2016. Neither Investor would be entitled to exercise the warrants if that would result in such Investor and his affiliates holding 10% or more of the then issued and outstanding ordinary shares (after giving effect to such conversion) until such time as the TSX has approved Personal Information Forms ("PIFs") and provided further that only up to an aggregate of 12,098,816 warrants may be exercised by the Investors until such time as shareholder approval has been obta
........as this was all seen last Friday evening. Tethys have just had a meeting today. vvvvvvvvvvvvvvvv
........a tactical move by Tethys Petroleum?????
Urraca, how do you know it was Assaubayev?
http://www.digitaljournal.com/pr/3091167 ................. Tethys Petroleum Press Release: Kazakhstan Legal Proceedings GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Sept. 30, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") today announces that the Almaty City Court's Board of Appeals has found in favour of Tethys by dismissing the previously announced appeal of the claimant and upholding the earlier Court decision on August 24, 2016 to lift the seizure order over the Company's assets. The Court's decision is effective immediately, there is no right of further appeal and restrictions over the operation of the Company's bank accounts in Kazakhstan have been lifted.
rhertig where are you seeing 33% drop and 600000 shares traded?
hTTp://www.marketwired.com/press-release/tethys-petroleum-press-release-corporate-update-2159232.htm
Agreed, who are these oligarcs? Please post a link otherwise its just bull****.
Agreed, who are these oligarcs? Please post a link otherwise its just bull****.
I am invested up to my nuts and seriously down due to the ********s who have so far achieved nothing in 12 months. Unfortunately Tethys is traded on TSX as well as LSE and the TSX is easier to corrupt using shorting or OTC trades and due to being dual listed the UK follows suit, hence the general slide of this bag of ****e. I am absolutely livid with the management.
Have a look over on ADVFN on the tpl thread and see that the trades in the afternoon in the UK are going through as C trades. A C trade is a trade which has bargain conditions on.
No, quite the opposite.
.....could be interesting!