Tethys Petroleum (TSE:TPL) has released an update.
Tethys Petroleum Limited has announced receiving gas flaring permits and is awaiting ecology permit approval to commence oil production in Kazakhstan. The company is also reapplying for a commercial production license, expected by end of May, with oil and gas facilities to be operational thereafter. Additionally, a new reserves report indicates an increase in total proved and probable reserves, enhancing the company’s asset valuation.
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