Tethys Petroleum Limited (TSXV: TPL), a Central Asia-focused oil and gas exploration and production company, has announced it received a formal notice of intention to nominate two directors ahead of its annual general meeting scheduled for September 29, 2026. Shareholder Gazexport Limited has put forward Douglas Lamb and Piers Johnson as director candidates. The nomination introduces a potential change to the board's composition that investors will be watching closely at the upcoming meeting.

Key Points

  • Tethys Petroleum Limited (TSXV: TPL) is a Grand Cayman-based oil and gas company active in Central Asia
  • Gazexport Limited has formally notified the company of its intention to nominate Douglas Lamb and Piers Johnson as directors at the AGM
  • The annual general meeting of shareholders is scheduled for September 29, 2026
  • Investors should monitor the outcome of the AGM vote on the proposed director nominations

Gazexport Puts Forward Two Director Candidates for Tethys AGM

Gazexport Limited has provided Tethys Petroleum with a notice of intention to nominate Douglas Lamb and Piers Johnson as directors of the company ahead of the September 29, 2026 annual general meeting. The company disclosed that Gazexport supplied biographical information for both nominees, which Tethys summarised in its announcement. The release states that Tethys management has not undertaken any independent review of the credentials of the nominees, and that consideration of the nominations will be addressed at the upcoming shareholders' meeting.

Douglas Lamb's Energy Finance Background

According to the biographical summary provided, Douglas John Lamb is a senior energy finance and corporate finance executive with 25 years of experience spanning energy, infrastructure, oil and gas, structured commodity finance, and emerging markets. The release states he has raised and structured more than US$50 billion of debt financing and deployed or advised on more than US$3 billion of equity. His recent work is described as including upstream oil and gas and infrastructure mandates across Kazakhstan and other frontier markets, regions relevant to Tethys's operational focus.

Piers Johnson's Petroleum Engineering Credentials

Piers Johnson is described in the announcement as a petroleum and reservoir engineering specialist and Managing Director of Oilfield Production Consultants (OPC) Limited. The release states he brings more than four decades of industry experience covering well testing, reservoir characterisation, reserve estimation, and field development planning. Johnson is noted to have worked with major international energy companies including BP, BHP Billiton, and Noble Energy, and to hold substantial experience in Kazakhstan and the surrounding region, aligning with Tethys's Central Asia strategy.