Tethys Petroleum Press Release
Tethys Petroleum (TSXV: TPL) provided an operational update from Kazakhstan, reporting current oil production of 330 tons per day from three wells and gas production of 200,000 m3 per day from 20 wells.
The company outlined a three-phase expansion plan including: upgrading the Central Processing Facility, doubling gas utilization capacity to 50,000 m3 per day by September 2025, and increasing oil processing capacity to 2,000 tons per day with a new gas processing plant. The GPP project is expected to take 12 months and will increase gas utilization to 150,000 m3 per day.
Additionally, Tethys completed seismic fieldwork at Diyar block and received clarification on an arbitration ruling regarding 1.4 billion KZT payment from DSFK and the cancellation of 18 million shares held by Olisol Petroleum.
Tethys Petroleum (TSXV: TPL) ha fornito un aggiornamento operativo dal Kazakistan, segnalando una produzione attuale di petrolio di 330 tonnellate al giorno da tre pozzi e una produzione di gas di 200.000 m3 al giorno da 20 pozzi.
L'azienda ha illustrato un piano di espansione in tre fasi che prevede: l'aggiornamento dell'Impianto di Lavorazione Centrale, il raddoppio della capacit脿 di utilizzo del gas a 50.000 m3 al giorno entro settembre 2025 e l'aumento della capacit脿 di lavorazione del petrolio a 2.000 tonnellate al giorno con un nuovo impianto di trattamento del gas. Il progetto GPP dovrebbe durare 12 mesi e porter脿 la capacit脿 di utilizzo del gas a 150.000 m3 al giorno.
Inoltre, Tethys ha completato le indagini sismiche nel blocco Diyar e ha ricevuto chiarimenti su una sentenza arbitrale riguardante un pagamento di 1,4 miliardi di KZT da DSFK e l'annullamento di 18 milioni di azioni detenute da Olisol Petroleum.
Tethys Petroleum (TSXV: TPL) proporcion贸 una actualizaci贸n operativa desde Kazajist谩n, reportando una producci贸n actual de petr贸leo de 330 toneladas por d铆a de tres pozos y una producci贸n de gas de 200,000 m3 por d铆a de 20 pozos.
La compa帽铆a detall贸 un plan de expansi贸n en tres fases que incluye: la mejora de la Instalaci贸n Central de Procesamiento, duplicar la capacidad de utilizaci贸n de gas a 50,000 m3 por d铆a para septiembre de 2025, y aumentar la capacidad de procesamiento de petr贸leo a 2,000 toneladas por d铆a con una nueva planta de procesamiento de gas. Se espera que el proyecto GPP tome 12 meses y aumente la utilizaci贸n de gas a 150,000 m3 por d铆a.
Adem谩s, Tethys complet贸 trabajos s铆smicos en el bloque Diyar y recibi贸 aclaraciones sobre una resoluci贸n arbitral relacionada con un pago de 1.4 mil millones de KZT de DSFK y la cancelaci贸n de 18 millones de acciones en poder de Olisol Petroleum.
Tethys Petroleum (TSXV: TPL)電� 旃挫瀽頋愳姢韮勳棎靹� 鞖挫榿 順勴櫓鞚� 鞐呺嵃鞚错姼頃橂┌, 靹� 臧滌潣 鞙犾爼鞐愳劀 頃橂（ 330韱�鞚� 靹濎湢 靸濎偘瓿� 20臧滌潣 鞙犾爼鞐愳劀 頃橂（ 200,000m3鞚� 臧�鞀� 靸濎偘鞚� 氤搓碃頄堨姷雼堧嫟.
須岇偓電� 靹� 雼硠 頇曥灔 瓿勴殟鞚� 鞝滌嫓頄堨溂氅�, 鞐赴鞐愲姅 欷戩暀 觳橂Μ 鞁滌劋 鞐呹犯霠堨澊霌�, 2025雲� 9鞗旉箤歆� 臧�鞀� 頇滌毄 鞖╇焿鞚� 頃橂（ 50,000m3搿� 霊� 氚半 電橂Μ電� 瓴�, 攴鸽Μ瓿� 靸堧鞖� 臧�鞀� 觳橂Μ 瓿奠灔鞙茧 靹濎湢 觳橂Μ 鞖╇焿鞚� 頃橂（ 2,000韱�鞙茧 歃濌皜鞁滍偆電� 瓴冹澊 韽暔霅╇媹雼�. GPP 頂勲鞝濏姼電� 12臧滌洈鞚� 靻岇殧霅� 鞓堨爼鞚措┌ 臧�鞀� 頇滌毄霟夓潉 頃橂（ 150,000m3搿� 電橂Υ 瓴冹瀰雼堧嫟.
霕愴暅, Tethys電� Diyar 敫旊鞐愳劀 歆�歆� 韮愳偓 鞛戩梾鞚� 鞕勲頄堨溂氅�, DSFK搿滊秬韯办潣 1.4鞏� KZT 歆�旮�瓿� Olisol Petroleum鞚� 氤挫湢頃� 1,800毵� 欤检潣 旆唽鞐� 甏�頃� 欷戩灛 韺愱舶鞐� 雽�頃� 氇呿檿頃� 頃挫劃鞚� 氚涭晿鞀惦媹雼�.
Tethys Petroleum (TSXV : TPL) a fourni une mise 脿 jour op茅rationnelle depuis le Kazakhstan, indiquant une production actuelle de p茅trole de 330 tonnes par jour provenant de trois puits et une production de gaz de 200 000 m3 par jour provenant de 20 puits.
L'entreprise a pr茅sent茅 un plan d'expansion en trois phases incluant : la mise 脿 niveau de l'installation centrale de traitement, le doublement de la capacit茅 d'utilisation du gaz 脿 50 000 m3 par jour d'ici septembre 2025, et l'augmentation de la capacit茅 de traitement du p茅trole 脿 2 000 tonnes par jour avec une nouvelle usine de traitement du gaz. Le projet GPP devrait durer 12 mois et augmenter l'utilisation du gaz 脿 150 000 m3 par jour.
De plus, Tethys a achev茅 des travaux sismiques sur le bloc Diyar et a re莽u des clarifications concernant une d茅cision d'arbitrage relative 脿 un paiement de 1,4 milliard de KZT de DSFK ainsi qu'脿 l'annulation de 18 millions d'actions d茅tenues par Olisol Petroleum.
Tethys Petroleum (TSXV: TPL) gab ein Betriebsupdate aus Kasachstan bekannt und meldete eine aktuelle 脰lproduktion von 330 Tonnen pro Tag aus drei Bohrl枚chern sowie eine Gasproduktion von 200.000 m3 pro Tag aus 20 Bohrl枚chern.
Das Unternehmen stellte einen dreiphasigen Expansionsplan vor, der Folgendes umfasst: die Aufr眉stung der Zentralverarbeitungsanlage, die Verdopplung der Gasnutzungskapazit盲t auf 50.000 m3 pro Tag bis September 2025 und die Erh枚hung der 脰lverarbeitungskapazit盲t auf 2.000 Tonnen pro Tag durch eine neue Gasverarbeitungsanlage. Das GPP-Projekt soll 12 Monate dauern und die Gasnutzung auf 150.000 m3 pro Tag steigern.
Zus盲tzlich hat Tethys seismische Feldarbeiten im Diyar-Block abgeschlossen und Klarstellungen zu einem Schiedsspruch bez眉glich einer 1,4 Milliarden KZT Zahlung von DSFK sowie der Stornierung von 18 Millionen Aktien, die von Olisol Petroleum gehalten werden, erhalten.
- Current oil production at 330 tons per day from three wells
- Gas production of 200,000 m3 per day from 20 wells
- Planned expansion to increase oil processing capacity to 2,000 tons per day
- Favorable arbitration ruling for 1.4 billion KZT payment and share cancellation
- Completion of seismic fieldwork at Diyar block
- Legal challenges from DSFK and Olisol to set aside Court's order
- 12-month timeline for GPP project implementation indicates delayed benefits
Corporate update
Grand Cayman, Cayman Islands--(Newsfile Corp. - July 25, 2025) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan.
Operations update
Oil production is continuing from wells KBD-02, KBD-06, and KBD-07 at an average rate of about 300 tons per day over the last month, and 330 tons per day over the last week. Gas production has been averaging about 200,000 m3 per day from 20 wells.
The Company is going to execute phase II construction work in the Central Processing Facility of the Kul-Bas Oil Field to upgrade the oil processing and storage capacity. The company also plans to increase the current gas utilization capacity of 25,000 m3 per day up to 50,000 m3 per day through a gas turbine power system after installing the 2nd gas compressor in Sep 2025. Phase III is intended to increasing the oil processing and storage capacity for handling up to 2,000 tons per day after the installation of a gas processing plant (GPP). The Company has concluded an inspection of a GPP, and signed a contract for the purchase and construction of the GPP. This GPP will process and treat the associated gas and should increase the gas utilization capacity up to 150,000 m3 per day. The project timeline is estimated to be approximately 12 months.
Seismic fieldwork at the Diyar block has been completed, and processing and interpretation of the data is underway. The Company is considering its options for the Nurzhau exploration block.
The Company had previously reported that an arbitration ruling has been made on May 13, 2025 ordering DSFK to pay the Company approximately 1.4 billion KZT and for 18 million shares of the Company held by Olisol Petroleum Limited to be cancelled. We submitted an application of the interpretation of the award and received a ruling from the arbitrator amending the language to clarify that Tethys has the authority to cancel the 18 million shares. There have been also applications made to set aside the Court's order by DSFK and Olisol.
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.
Disclaimer
Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
| Tethys Petroleum Casey McCandless Chief Financial Officer 901-763-4001 | [email protected] www.tethys-group.com |
To view the source version of this press release, please visit
FAQ
What is Tethys Petroleum's current oil and gas production in Kazakhstan?
What are the expansion plans for Tethys Petroleum's Kul-Bas Oil Field?
What is the status of Tethys Petroleum's arbitration case with DSFK and Olisol?
When will Tethys Petroleum's new gas processing plant be operational?
What is the status of Tethys Petroleum's exploration activities?
