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Tethys Petroleum Restricted (TSXV: TPL,OTC:TETHF) (“Tethys” or the “Firm”) is happy to offer an replace on the Firm’s operations within the Republic of Kazakhstan.
Operations replace
Oil manufacturing is continuous from wells KBD-02, KBD-06, and KBD-07 with a gradual enhance of about 330 tons per day over the past month. Fuel manufacturing has been averaging about 240,000 m3 per day from 20 wells.
The fuel turbine restore has skilled a delay and the fuel turbine is now scheduled to be put into service on November 1. This could permit for the oil manufacturing to extend to about 500 tons per day in November.
The interpretation of the seismic information for the Aral-4 block is underway and anticipated to be accomplished by the tip of October. The Diyar seismic processing is ongoing.
The Astana Financial Courtroom (1st occasion) rejected the Firm’s declare to the Ministry of Power for extending the Akkulka Oil contract (license #265) on September 9, 2025. The Firm has filed an attraction on this choice on the 2nd occasion court docket.
Presentation
In an effort to offer extra info and visibility into the Firm’s operations and enterprise outlook the Firm has up to date its company presentation and is offering this info to all shareholders on the Firm web site underneath Investor Relations/Firm Experiences & Notices. https://tethys-group.com/stories/corporate-presentation-october-2025/
Non-Binding Letter of intent to amass the Firm replace
On September 15, 2025 Fincraft Group LLP introduced that it has submitted a non-binding letter of intent to the Board of Administrators of Tethys in respect of a proposed transaction pursuant to which Fincraft would purchase the entire issued and excellent unusual shares of Tethys at a value of 1.38 CAD per share. The Tethys Board of Administrators shaped a particular committee made up of the impartial Administrators to evaluation the proposal. The Particular Committee has responded to the Fincraft Letter of Intent with a request for added info together with documentation of dedicated financing, the calculations used to reach on the bid value, proof of indications of regulatory approval for the proposed transaction, and extra info on the shareholders and collectors of Fincraft. So far the Particular Committee has not acquired a response to those questions.
About Tethys
Tethys is targeted on oil and fuel exploration and manufacturing actions in Central Asia..
Disclaimer
Among the statements on this doc are forward-looking. No a part of this announcement constitutes, or shall be taken to represent, an invite or inducement to spend money on the Firm or every other entity and shareholders of the Firm are cautioned to not place undue reliance on the forward-looking statements. Save as required by relevant regulation, the Firm doesn’t undertake to replace or change any forward-looking statements to mirror occasions occurring after the date of this announcement.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Contact Info:
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/270968
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