tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tethys Petroleum Faces Sales Decline, Seeks Licenses

Tethys Petroleum Faces Sales Decline, Seeks Licenses

Tethys Petroleum (TSE:TPL) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1