Tethys Petroleum Eyes Asset Sale Amidst Challenges

Tethys Petroleum (TSE:TPL) has released an update.

Tethys Petroleum reports progress in Kazakhstan with test production from two wells reaching 11,000 tons and ongoing negotiations to resolve payment issues for gas production with QazaqGaz. The company is also considering selling its gas fields starting at $50 million due to delays in obtaining a commercial license and payment uncertainties, alongside planning significant workforce reductions.

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