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Tethys Petroleum Ltd V.TPL

Alternate Symbol(s):  TETHF

Tethys Petroleum Limited is an oil and gas exploration and production company focused on Central Asia and the Caspian Region with projects in Kazakhstan. Through its subsidiaries, TethysAralGas LLP and Kul-Bas LLP, it operates over four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (449 square kilometers (km2)), Akkulka Exploration License and Contract (827 km2), Akkulka Production Contract (396 km2) and Kul-Bas Exploration and Production Contract (7,632 km2). The Kul-Bas exploration and production contract area surrounds the Akkulka block, which has an exploration area of over 7,632 km2. Kyzyloi and Akkulka gas development fields are tied into the Bukhara-Urals gas pipeline by an over 56-kilometer pipeline owned and built by the Company. The Doris oil field provides over two oil-bearing zones, the lower zone and an upper, lower cretaceous sandstone zone.


TSXV:TPL - Post by User

Bullboard Posts
Post by TheRock07on Jul 13, 2016 7:33am
127 Views
Post# 25047322

News..Appoints CCO

News..Appoints CCO

 

appoints Skripka as chief commercial officer

 

2016-07-13 07:10 ET - News Release

 

An anonymous director reports

TETHYS PETROLEUM LIMITED PRESS RELEASE: CHIEF COMMERCIAL OFFICER APPOINTMENT

Tethys Petroleum Ltd. has appointed Alexander Skripka as chief commercial officer. 

As chief commercial officer Mr. Skripka will be responsible for the commercial activities of the company including gas sales, existing and new contract or licence negotiations, and negotiations on financing, divestments and acquisitions. 

Mr. Skripka studied political science and management, specializing in production and processing of oil and gas, at I. Gubkin, the Russian State Oil and Gas University. He also has an MBA in oil and gas management. Mr. Skripka worked for the Kazakhstani national company, KazTransGas JSC, and has extensive management experience in several other Kazakhstan-based oil and gas companies. He has actively worked with Tethys management for over six months in all aspects of the company, including gas sales, licence extension, restructuring of debt and obtaining a new loan facility from a Kazakhstani bank. 

He is a director and shareholder of Olisol Petroleum Ltd., which owns 15.8-per-cent ordinary shares of Tethys and which is a party to the investment agreement described in Tethys's press release dated April 29, 2016.

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