Tethys Petroleum (TSE:TPL) has released an update.
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Tethys Petroleum Limited has announced receiving gas flaring permits and is awaiting ecology permit approval to commence oil production in Kazakhstan. The company is also reapplying for a commercial production license, expected by end of May, with oil and gas facilities to be operational thereafter. Additionally, a new reserves report indicates an increase in total proved and probable reserves, enhancing the company’s asset valuation.
For further insights into TSE:TPL stock, check out TipRanks’ Stock Analysis page.