Tethys Petroleum announces US $15 million equity financing for development of Kazakh shallow gas programme

May 2014
World Energy News;5/14/2014, p13
The article reports on the announcement of Tethys Petroleum Ltd. that it has raised US $15 million equity financing through the issue of 36,894,923 new ordinary shares to new and existing investors at GBP 0.24 per share. The fund is for the development of Kazakh shallow gas programme. The development would include installation of a gas dehydrator, drilling of new shallow gas wells, and the purchase and installation of tie-in pipelines and associated infrastructure.


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