Tethys Petroleum Limited Press Release: 2015 Q2 Results
(firmenpresse) - GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 08/14/15 -- Tethys Petroleum Limited (TSX: TPL)(LSE: TPL) today announced its Results for the quarter ended June 30, 2015.
Q2 Financial Highlights (all figures reported in USD millions)
(i) Non GAAP measure
Q2 Operational Highlights
Q2 Corporate Highlights
Post Q2 Highlights
John Bell, Executive Chairman, commented:
"The turnaround is now well underway, some of which is reflected in these financial results. I am encouraged by the performance of the gas division and the cost reductions achieved at Group level. The strategic review is ongoing, and the team is working hard to both conclude the strategic review process and continue to improve the operations."
The full Quarterly Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at or on the Tethys website at . The summary financial statements are attached to this press release.
The Company's Second Quarter 2015 financial statements are prepared under International Financial Reporting Standards ("IFRS").
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
Cautionary Statements
This press release contains "forward-looking information". Such forward-looking statements reflect our current views with respect to future events, including with respect to a strategic review process and any related discussions with parties, a possible offer from Nostrum and the existence of significant potential in both exploration and in discovered deposits in Central Asia and the Caspian Region and the rapid development of this oil and gas area. The forward-looking statements are based on the assumption that significant potential exists in both exploration and in discovered deposits in Central Asia and the Caspian Region and that this oil and gas area continues to rapidly develop. These forward-looking statements are subject to a number of risks and uncertainties, including the risk that the strategic review process is unsuccessful, the possible offer from Nostrum not proceeding and that significant potential in both exploration and in discovered deposits do not exist in Central Asia and the Caspian Region and that this oil and gas area does not continue to rapidly develop. See our Annual Information Form for the year ended December 31, 2014 for a description of risks and uncertainties relevant to our business, including our exploration activities. The "forward looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
There are numerous uncertainties inherent in estimating quantities of resources and cash flows that may be derived, including many factors that are beyond the control of the Company. The following is a non-exhaustive list of factors which may have a significant impact on the above estimates of prospective resources: despite the classification that they are as yet undiscovered but may be potentially recoverable the Company may be unable to carry out the development or their potential recovery; the activity may not be economically viable; the Company may not have sufficient capital or time to develop them; there may be no market or transportation routes for the potential production; legal, contractual, environmental and governmental concerns might not allow for the recovery being undertaken; reservoir characteristics might prevent recovery. The recovery of the resources is subject to the following risks and uncertainties: market fluctuations, the proximity and capacity of oil and gas pipelines and processing equipment, government regulation, political issues, export issues, competing suppliers, operational issues (exploration, production, pricing, marketing and transportation), extensive controls and regulations imposed by various levels of government, lack of capital or income, the ability to drill productive wells at acceptable costs, the uncertainty of drilling operations, factors such as delays, accidents, adverse weather conditions, and the availability of drilling rigs and the delivery of equipment.
Ends
Contacts:
Tethys Petroleum
John Bell, Executive Chairman c/o Camarco
Web:
Twitter:
CAMARCO (Financial PR)
Billy Clegg / Georgia Mann
+44(0)203 757 4983
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Unternehmensinformation / Kurzprofil:
Datum: 14.08.2015 - 21:03 Uhr
Sprache: Deutsch
News-ID 413892
Anzahl Zeichen: 0
contact information:
Town:
GRAND CAYMAN, CAYMAN ISLANDS
Kategorie:
Oil & Gas
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