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Tethys Petroleum Restricted (TSXV: TPL,OTC:TETHF) (“Tethys” or the “Firm”) at this time introduced that it has filed its interim outcomes for the three months ended September 30, 2025 with the Canadian securities regulatory authorities comprising its Audited Monetary Statements along with Administration’s Dialogue and Evaluation and different required types. Copies of the filed paperwork could also be obtained by way of SEDAR at www.sedar.com or on Tethys’ web site at www.tethys-group.com.
Monetary highlights
Oil and fuel gross sales elevated by 33% to $7.1 million within the third quarter of 2025 from $5.4 million in 2024 due primarily to elevated oil manufacturing. The revenue for the interval was $1.4 million in contrast with a lack of $0.6 million in 2024.
Operations replace
Oil manufacturing is continuous from wells KBD-02, KBD-06, and KBD-07 with a gradual enhance from a mean of 330 tons per day to 390 tons per day during the last month. It is anticipated that each day oil manufacturing will ramp as much as about 500 tons per day inside per week. This assumes the commissioning of the second fuel compressor and profitable restore of the second fuel turbine.
Pure Gasoline manufacturing from the Kyzyloi and Akkulka Gasoline Fields is averaging about 235,000 m³ per day from 21 fuel wells. Workover and Effectively Providers operations are at the moment being carried out to reactivate a number of beforehand suspended fuel wells.
The Aral-4 structural interpretation of seismic knowledge has been accomplished and prospect identification and analysis is underway. The preliminary evaluation is that there’ll seemingly be one or two websites that can be drilled within the license. The Diyar seismic processing and structural interpretation has not been totally accomplished. The preliminary evaluation of outcomes is discouraging as to a promising construction within the south of Diyar. The north a part of Diyar and southern a part of Zhanasu license will proceed to be analyzed for prospectivity.
Company Replace
In November 2025, the Firm signed new collective agreements overlaying the workforces of Kul-Bas LLP, TethysAralGas LLP, and DMS Providers LLP. The agreements have been concluded within the bizarre course of enterprise, and the Firm continues to take care of steady and constructive labor relations throughout its operations.
Regulatory Replace – Akkulka Oil Contract
As beforehand disclosed, the Firm appealed the choice of the Astana Financial Courtroom (1st occasion) dated September 9, 2025, which rejected the Firm’s declare relating to the extension of the Akkulka Oil contract (license #265). The appellate court docket has now upheld the first occasion resolution. The Firm intends to file an extra attraction to the Supreme Courtroom (cassation) in accordance with the relevant authorized procedures.
The Akkulka Oil space represents a legacy asset that has been topic to impairment in prior reporting intervals; nonetheless, the Firm continues to pursue the extension course of as a matter of sustaining its contractual rights.
Fincraft Replace
Tethys has obtained a response from Fincraft Group LLP relating to their proposal to accumulate the Firm. The Impartial Director Particular Committee shall reply to Fincraft as soon as a full evaluation has taken place.
About Tethys
Tethys is targeted on oil and fuel exploration and manufacturing actions in Central Asia and the Caspian Area. Tethys believes that important potential exists in each exploration and in found deposits within the space.
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 legislation, 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 Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/274642
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