Tethys Petroleum (TSE:TPL) has released an update.
Tethys Petroleum Limited reported a significant drop in oil and gas sales, decreasing 80% to $1.9 million in Q1 2024, compared to $9.9 million in the same quarter of the previous year, due to halted oil production, leading to a $983K loss. The company commenced test production at the KBD-10 and KBD-11 wells and is working towards obtaining a commercial license for oil sales and resolving payment and pricing issues with QazaqGaz for gas production.
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