Tethys Petroleum (TSE:TPL) has released an update.
Tethys Petroleum reported a decrease in oil and gas sales by 44% in 2023, with a profit of $9.7 million, down from the previous year. Test production has begun at two wells, with hopes of obtaining a commercial license for production in the upcoming quarter. The company is also in negotiations with QazaqGaz regarding payments for gas production, while their gas fields remain shut in.
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