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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 constant from wells KBD-02, KBD-06, and KBD-07, with a mean of about 380 tons per day during the last month. The second gasoline turbine has been efficiently repaired and that is anticipated to extend the gasoline utilization capability of every day oil manufacturing to about 480 tons per day as of at this time. At present, pre-commissioning of the second gasoline compressor is ongoing. It is anticipated that every day oil manufacturing will improve to about 530 tons after the second compressor is put into operation inside per week.
Upgrading the oil processing and storage capability of the Central Processing Facility within the Kul-Bas Oil Area has been underway. It is scheduled to be commissioned by mid-January 2026.
Development of the Fuel Processing Facility and Fuel Pipeline (6″ x 18 km) Venture has been at present on the design stage. The amenities are scheduled to be commissioned and put into operation by October 2026.
Pure Fuel manufacturing from the Kyzyloi and Akkulka Fuel Fields is averaging about 222,000 m³ per day from 21 gasoline wells. Workover and Nicely Companies operations are at present being carried out to reactivate a number of beforehand suspended gasoline wells.
Analysis of the Aral-4 prospect is ongoing. The Firm can also be advancing allowing and preparatory work for exploration drilling at two precedence websites. Seismic interpretation for the Diyar block is in progress. As well as, evaluation of classic 2D seismic information for the northern a part of Diyar and the southern components of the Zhanasu and Nurzhau blocks continues as a part of the continuing prospectivity evaluation.
Regulatory Replace
On November 27, 2025, the Firm submitted an software to the Ministry of Vitality of the Republic of Kazakhstan to transition Contract No. 1897 for the Kul-Bas area to the Manufacturing Interval (Industrial License). Beneath the Subsoil Code, such purposes are topic to a statutory evaluate interval of 20 working days. The period of the evaluate might differ, as the method is carried out solely by the Ministry of Vitality. Following the Ministry’s determination, the Firm will proceed with the subsequent steps required to organize and finalize the corresponding Addendum to the Subsoil Use Contract. The Firm will present an replace as soon as official suggestions turns into out there.
Non-Binding Letter of intent to amass the Firm replace
The Particular Committee of impartial Administrators is constant to speak with the Fincraft Group LLP on their intent to amass the Firm. The Particular Committee despatched a letter to the Fincraft Group on November 26 and is ready for his or her response.
About Tethys
Tethys is concentrated on oil and gasoline exploration and manufacturing actions in Central Asia.
Disclaimer
A few of 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 put money into the Firm or some 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 replicate occasions occurring after the date of this announcement.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Contact Info:
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