Tethys Petroleum sells 50% of its Kazakh assets to SinoHan Oil

Tethys Petroleum sells 50% + 1 stock of its Kazakh assets to SinoHan Oil and Gas Investment B. V., the subsidiary of the Chinese HanHong investment fund.

Tethys will get from the buyer $75 million as the first payment. Besides from that, the company will get the additional payments of up to $30 million in case of enlargement of oil and gas reserves by 2P category (proven and probable) in 2013 and 2014, with corrected to these years.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer