At the end of January 2014, work on the well ceased. The Company completed the drilling of Klymene in late 2019 to a depth of 2,750 metres and is currently testing the well. This is going to be one huge success. Tethys Non-Executive Chairman, Bill Wells, has assumed the role of Executive Chairman and Chief Executive Officer ("CEO"). The Kalypso exploration and appraisal well was drilled to a depth of 4,500 metres in the central part of the geological allocation in the second block of the Upper Permian sediments. Circulation openings and partial cementing of the interval at 4,242 - 4,068 metres were made but due to the long period of time the well was idle with drilling fluid, it was not possible to achieve normal circulation behind the column. Based on 64,013,897 shares held by all Pope Asset Management nominee accounts and current total Tethys shares outstanding on issue of 336,775,850. Graduation to the TSXV is conditional on completion of the aforementioned transactions with Olisol and Gemini and a number of other routine conditions.
aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. ... William P Wells "Bill" Pope Asset Management LLC. As a wholly owned subsidiary, Tethys reviews the operations and has set up controls but to a large degree delegates the management of the Kazakhstan operations to local management of TAG.
Fertigung des Covid-19-Schnelltestsytems startet! In that context, I would welcome Bill Wells to the Board of Tethys as a Non-executive Director upon closing of the recent $47.7m refinancing transaction we announced with AGR Energy and see his joining the Board as another strong endorsement of the refinancing transaction.
THE OFFERS AND SALES OF SECURITIES REFERRED TO BELOW HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE SECURITIES ACT OR AN EXEMPTION FROM SUCH REGISTRATION.
Yahoo ist Teil von Verizon Media. Members of the Company's Reserves Committee concluded that further work was not worth pursuing because the rocks were simply too tight to have any chance of producing without a long lateral horizontal well with multi-stage fracks that would cost more to drill than could be recovered.
ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS. Tethys Petroleum Limited is an oil and gas exploration and production company focused on projects in Central Asia and the Caspian Region. More Details.
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. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. An attempt was made to stimulate oil inflow but no inflow was received. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media.
Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. Bill Wells is the founder and primary portfolio manager for Pope Asset Management. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. The current Board understands from its technical personnel that after lowering the shank and creating pressure to open the circulation holes, it was not possible to restore circulation and cement the shank due to damage to the sealing glands of the suspension device. Tethys Petroleum Limited engages in the acquisition, exploration, and development of crude oil and natural gas fields in Kazakhstan. Risk Analysis. The increasingly efficient operations at the TAG level means the demands on Tethys management are reduced. In the period from October 2013 to January 2014, an attempt was made to carry out remedial cementing and well testing.
This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. These forward-looking statements are subject to a number of risks and uncertainties, including the risk that the financing does not complete and that significant potential in both exploration and in discovered deposits do not exist in Central Asia and the Caspian Region and that this oil and gas area does not continue to rapidly develop. Some of the statements in this document are forward-looking, including statements relating to the graduation to the TSXV, completion of the transactions with Olisol and Gemini and other conditions of the TSXV and testing results of the Klymene exploration well. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Separately, David Botting plans to retire from the Board on August 10, 2015 after 9 months of service. GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - July 23, 2015) -.
With the restructuring of the debts and, assuming completion of the workout with Olisol and DSFK, it is anticipated that the time demands on Tethys management may be reduced. The testing program would involve acid-fracture stimulation of the carbonate interval approximately 4,100 metres below the surface and would take up to one month to complete. William P. Wells, 56, is President at Pope Asset Management, LLC, which is a 19.0% shareholder in the Company. Grand Cayman, Cayman Islands--(Newsfile Corp. - September 9, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update.Operations Update Tethys … Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' OPEC Daily Basket Price: Wednesday, 12 August 2020, Stood at $45.08 a Barrel; Weatherford, INT Expand Collaboration to Create 2D, 3D Real-Time Well Visualization Prev 1 2 3 Next. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements, including the risk that the TSXV will not give final approval for Tethys graduation to the TSXV or that Tethys will not be able to complete the transactions with Olisol and Gemini or meet the TSXV conditions and that the testing of the Klymene well will not be successful.
Rewards. Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.
William P. Wells, 56, is President at Pope Asset Management, LLC, which is a 19.0%(1) shareholder in the Company. ", "I would like to thank David for his significant contribution and wish him well in his future endeavours.". I look forward to working with Bill and my other Board colleagues to drive Tethys forward for the benefit of all shareholders.
Wie bewerten Sie die aktuell angezeigte Seite? To date, this appears to be working well as the operational efficiency appears to have improved while the costs have been reduced. The forward-looking statements are based on the assumption that the financing will complete and that significant potential exists in both exploration and in discovered deposits in Central Asia and the Caspian Region and that this oil and gas area continues to rapidly develop. Mr Wells' appointment to the Board is also subject to obtaining the necessary clearances from the TSX. Sie erhalten auf FinanzNachrichten.de kostenlose Realtime-Aktienkurse von. Tethys' principal activity is the acquisition of and exploration and development of crude oil and natural gas field.
Tethys Petroleum has prepaid approximately US$322,161 of the US$3.5 million non-convertible loan received 20 March 2015 and due 20 March …
The well location was identified from prior seismic exploration interpretation in the Kul-Bas territory and drilling was completed in September 2011. Porn, pot, space and gambling: Can SPACs shake a checkered past? Tethys Petroleum Limited ("Tethys" or the "Company" (TPL.TO)(TPL.TO)) is pleased to announce that it has agreed to appoint Bill Wells to the Board as a Non-Executive Director subject to and upon closing of the recently announced US$47.7million financing. On March 7, 2014 the Company announced that the first phase of the stimulation on Kalypso had been successfully completed with the reservoir being fracked but that further work was required to complete the stimulation of the well, which was targeting what was believed to be gas condensate in tight Carboniferous platform carbonates within a significant structure. The Company is working to meet the TSXV conditions and hopes to be able to do so during April 2020. The Tethys management team, TAG management and the board have worked closely together to put Tethys on more solid footing and it is expected that this coordinated approach will continue in much the same way. Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.