Tethys Petroleum (TSE:TPL) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Tethys Petroleum Limited, an oil and gas company operating in Kazakhstan, has announced the receipt of a test oil production permit for wells KBD-10 and KBD-11, with production slated to begin shortly. Meanwhile, unresolved disputes with QazaqGaz have led to a shutdown in gas production, resulting in employee furloughs and potential layoffs, although some staff are being reassigned to support oil operations.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.