Tethys Petroleum (TSE:TPL) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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.
