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Slide #88. Tethys Petroleum Limited — 56% interest in Blocks XIA, XIM and XIN
Acquirer:
Tethys Petroleum Limited (CVE:TPL.CA)
Acquiree:
56% interest in Blocks XIA, XIM and XIN
Details:
Tethys Petroleum Limited ("Tethys") (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project "Iberia") in eastern Georgia. Tethys also announced that it will exit Uzbekistan.
Tethys Petroleum is an oil and gas exploration and production company focused on projects in Central Asia. Through its subsidiaries, Co. is engaged in the exploration for, and the acquisition, development and production of, oil and natural gas resources in Kazakhstan, Tajikistan and Uzbekistan.
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