Tethys Petroleum ( (TSE:TPL) ) has provided an update.
Tethys Petroleum has resumed production at its Akkulka and Kyzloi gas fields in Kazakhstan, stabilizing output at approximately 205,000 to 210,000 cubic meters per day. Despite recent weather-related disruptions affecting oil production, the company has averaged 320 tons per day over the past three days. A recent reserve report indicates that while the volumes of reserves remain stable, the Net Present Value has decreased due to lower oil prices and export constraints, impacting independent and foreign producers more significantly.
Spark’s Take on TSE:TPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TPL is a Neutral.
Tethys Petroleum’s stock score reflects a mix of strengths and weaknesses. The strongest aspect is technical analysis, indicating positive market momentum. However, financial performance struggles with profitability and cash flow issues. Valuation is weak due to negative earnings. Recent corporate events provide some optimism regarding future operations and regulatory compliance.
To see Spark’s full report on TSE:TPL stock, click here.
More about Tethys Petroleum
Tethys Petroleum is engaged in oil and gas exploration and production activities in Central Asia and the Caspian Region.
YTD Price Performance: -13.92%
Average Trading Volume: 12,123
Technical Sentiment Signal: Hold
Current Market Cap: $103.5M
For detailed information about TPL stock, go to TipRanks’ Stock Analysis page.