Tethys Petroleum (TSE:TPL) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Tethys Petroleum Limited has encountered setbacks in its Kazakhstan operations, with disappointing initial results from a test in the Jurassic zone and delays in obtaining necessary regulatory approvals for its main production wells. However, the company has resolved a gas price dispute with QazaqGaz, accepting a $6.9 million offer to avoid arbitration and facilitate liquidity for ongoing development plans. Tethys is actively pursuing legal measures to expedite the issuance of critical permits and is hopeful to restart gas production later in the year.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.
