CanArgo Sells Its Interest in Tethys Petroleum

CanArgo Energy has sold its entire shareholding of 8,000,000 shares in Tethys Petroleum. The gross proceeds of the sale, before commission and expenses, amounts to C$23.6 million. The settlement date will be August 3, 2007 and the net proceeds received from the sale of these shares will be used by CanArgo to repay a portion of its existing debt.

CanArgo is an independent oil and gas exploration and production company with its principal oil and gas operations currently located in Georgia.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
Land Representative - MCBU Midland Surface
Expertise: Landman
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours