Tethys Petroleum (TSE:TPL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tethys Petroleum reported a significant reduction in oil and gas sales, down 52% to $5.4 million, leading to a net loss of $0.6 million for the third quarter of 2024. Despite these financial challenges, the company has initiated production from new wells, with KBD-6 and KBD-2 starting in November and KBD-07 expected to commence soon.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.
