Tethys Petroleum Ltd V.TPL

Alternate Symbol(s): TETHF

Energy Oil & Gas E&P

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

Tethys Petroleum Ltd

Bullboard Posts

Comment by Bookendson Jun 25, 2019 2:23pm

133 Views

Post# 29861450

RE:RE:RE:RE:Instructions for brokerage

Yes, I'm also with Scotia and they had to do the exact same for me...

-Submit option 1 for up to 70% for a cash consideration of 60cUS per share
AND
-Submit option 3 for up to 30% for a pref share conversion consideration

What bothers me is that the option for both CASH and PREFS wasn't present in one of the payment option which would have made everything more simple... I'm starting to be doubting that Scotia is doing it right...

Anyone care to share their experience with their own brokerage??

By the way, for any retail folks out here, please note that you NEED to select a payment option otherwise you will be stuck with the default, which I believe is to remain with your Ordinary Tethys shares!!

The deadline to complete your payment option is tomorrow 26th June!!