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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

Comment by Kyrgyzgoldon Nov 28, 2024 5:41am
46 Views
Post# 36335070

RE:Fincraft shareholding

RE:Fincraft shareholdingThis would mean the shareholding of Olisol+Fincraft is larger than Pope. Hope there is some protection to avoid shenanigans by outvoting/sabotaging Pope. E.g. maybe clause to see them as acting in concert if that is the case. 

Kyrgyzgold wrote: Looks like Fincraft is buying their shares from the following three parties:

APL Construction LLP 5,593,741
Nautilus Investment FZE 17,415,392
Gemini IT Consultants DMCC 7,950,000 
 
Total: 30,959,133
 
This means that Olisol (Gazexport) is still in the game.
 
 
From news release:
Fincraft Group LLP ("Fincraft") announced that it has entered into share purchase agreements providing for the purchase of an aggregate of 30,959,133 ordinary shares (the "Purchased Shares") of Tethys Petroleum Limited ("Tethys") through three private purchase transactions 
 


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