Tethys Petroleum (TSE:TPL) has released an update.
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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.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.
