Tethys Petroleum Reports Decreased Sales and Ongoing Operations

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

Tethys Petroleum has reported a significant decline in oil and gas sales, dropping 47% to $4.8 million in Q2 2024 compared to the previous year, despite a small profit of $1.4 million. Operational updates include the start of test production on wells KBD-10 and KBD-11, and ongoing negotiations with QazaqGaz regarding gas production payments.

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