Tethys Petroleum (TSE:TPL) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tethys Petroleum reported a decrease in oil and gas sales by 44% in 2023, with a profit of $9.7 million, down from the previous year. Test production has begun at two wells, with hopes of obtaining a commercial license for production in the upcoming quarter. The company is also in negotiations with QazaqGaz regarding payments for gas production, while their gas fields remain shut in.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.