Tethys Petroleum Reports Interim Results and Corporate Update
Tethys Petroleum (TSXV: TPL) reported strong Q2 2025 results with oil and gas sales increasing 28% to $6.1 million from $4.8 million in 2024, driven by increased oil production. The company achieved a net profit of $1.3 million, up from $1 million in 2024.
Current operations show oil production averaging 330 tons per day from three wells, while gas production temporarily decreased to 180,000 m鲁 per day due to a compressor breakdown. The company has initiated several infrastructure projects, including a Phase II Central Processing Facility upgrade and a second gas compressor purchase.
Additionally, Tethys signed key amendments to exploration contracts for Diyar, Zhanasu, and Nurzhau blocks, extending the decision deadline to July 1, 2027 for deep well drilling operations.
Tethys Petroleum (TSXV: TPL) ha riportato solidi risultati nel secondo trimestre del 2025 con le vendite di petrolio e gas in aumento del 28% a 6,1 milioni di dollari, rispetto a 4,8 milioni nel 2024, grazie a una maggiore produzione di greggio. La societ脿 ha registrato un utile netto di 1,3 milioni di dollari, in crescita rispetto a 1 milione nel 2024.
Le attivit脿 attuali mostrano una produzione di petrolio media di 330 tonnellate al giorno da tre pozzi, mentre la produzione di gas 猫 temporaneamente scesa a 180.000 m鲁 al giorno a causa del guasto di un compressore. L鈥檃zienda ha avviato diversi progetti infrastrutturali, incluso l鈥檃mmodernamento della Phase II della Central Processing Facility e l鈥檃cquisto di un secondo compressore per gas.
Inoltre, Tethys ha firmato importanti emendamenti ai contratti di esplorazione per i blocchi Diyar, Zhanasu e Nurzhau, estendendo il termine per la decisione sulla perforazione di pozzi profondi al 1掳 luglio 2027.
Tethys Petroleum (TSXV: TPL) present贸 s贸lidos resultados del segundo trimestre de 2025 con ventas de petr贸leo y gas que aumentaron un 28% hasta 6,1 millones de d贸lares, frente a 4,8 millones en 2024, impulsadas por una mayor producci贸n de crudo. La compa帽铆a alcanz贸 un beneficio neto de 1,3 millones de d贸lares, frente a 1 mill贸n en 2024.
Las operaciones actuales muestran una producci贸n media de petr贸leo de 330 toneladas por d铆a procedente de tres pozos, mientras que la producci贸n de gas disminuy贸 temporalmente a 180.000 m鲁 por d铆a debido a una aver铆a en un compresor. La empresa ha iniciado varios proyectos de infraestructura, incluida la mejora de la Phase II de la Central Processing Facility y la compra de un segundo compresor de gas.
Adem谩s, Tethys firm贸 enmiendas clave a los contratos de exploraci贸n para los bloques Diyar, Zhanasu y Nurzhau, extendiendo el plazo para decidir sobre la perforaci贸n de pozos profundos hasta el 1 de julio de 2027.
Tethys Petroleum (TSXV: TPL)電� 2025雲� 2攵勱赴鞐� 瓴“頃� 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 鞙犅逢皜鞀� 毵れ稖鞚� 28% 歃濌皜頃� 610毵� 雼煬搿� 2024雲勳潣 480毵� 雼煬鞐愳劀 靸侅姽頄堧姅雿� 鞚措姅 鞗愳湢 靸濎偘 歃濌皜鞐� 旮办澑頃╇媹雼�. 須岇偓電� 靾滌澊鞚� 130毵� 雼煬毳� 旮半頃� 2024雲勳潣 100毵� 雼煬鞐愳劀 電橃棃鞀惦媹雼�.
順勳灛 鞖挫爠 靸來櫓鞚� 3臧� 鞙犾爼鞐愳劀 頃橂（ 韽夑窢 330韱�鞚� 鞗愳湢 靸濎偘鞚� 氤挫澊瓿� 鞛堨溂氅�, 臧�鞀� 靸濎偘鞚� 鞎曥稌旮� 瓿犾灔鞙茧 鞚疙暣 鞚检嫓鞝侅溂搿� 鞚� 180,000 m鲁搿� 臧愳唽頄堨姷雼堧嫟. 須岇偓電� Phase II 欷戩暀觳橂Μ鞁滌劋 鞐呹犯霠堨澊霌滌檧 霊� 氩堨Ц 臧�鞀� 鞎曥稌旮� 甑Г毳� 韽暔頃� 鞐煬 鞚疙攧霛� 頂勲鞝濏姼毳� 鞁滌瀾頄堨姷雼堧嫟.
霕愴暅 Tethys電� Diyar, Zhanasu 氚� Nurzhau 敫旊鞚� 韮愳偓 瓿勳暯鞐� 雽�頃� 欤检殧 靾橃爼鞎堨潉 觳搓舶頃橃棳 鞁车(鞁秬鞝�) 鞁滌稊 鞛戩梾鞐� 雽�頃� 鞚橃偓瓴办爼 旮绊暅鞚� 2027雲� 7鞗� 1鞚�搿� 鞐办灔頄堨姷雼堧嫟.
Tethys Petroleum (TSXV: TPL) a publi茅 de solides r茅sultats au deuxi猫me trimestre 2025, avec des ventes de p茅trole et de gaz en hausse de 28% 脿 6,1 millions de dollars contre 4,8 millions en 2024, port茅es par une augmentation de la production p茅troli猫re. La soci茅t茅 a r茅alis茅 un b茅n茅fice net de 1,3 million de dollars, contre 1 million en 2024.
Les op茅rations actuelles affichent une production moyenne de p茅trole de 330 tonnes par jour provenant de trois puits, tandis que la production de gaz a temporairement chut茅 脿 180 000 m鲁 par jour suite 脿 une panne de compresseur. La soci茅t茅 a lanc茅 plusieurs projets d鈥檌nfrastructure, notamment la mise 脿 niveau de la Phase II de la Central Processing Facility et l鈥檃chat d鈥檜n second compresseur de gaz.
Par ailleurs, Tethys a sign茅 des amendements importants aux contrats d鈥檈xploration pour les blocs Diyar, Zhanasu et Nurzhau, prolongeant la date limite de d茅cision pour les forages profonds au 1er juillet 2027.
Tethys Petroleum (TSXV: TPL) meldete starke Ergebnisse f眉r das zweite Quartal 2025: 脰l- und Gasums盲tze stiegen um 28% auf 6,1 Mio. USD gegen眉ber 4,8 Mio. USD im Jahr 2024, angetrieben durch h枚here 脰lf枚rderung. Das Unternehmen erzielte einen Reingewinn von 1,3 Mio. USD, nach 1 Mio. USD im Jahr 2024.
Die laufenden Betriebe verzeichnen eine durchschnittliche 脰lproduktion von 330 Tonnen pro Tag aus drei Bohrungen, w盲hrend die Gasproduktion aufgrund eines Kompressorschadens vor眉bergehend auf 180.000 m鲁 pro Tag gesunken ist. Das Unternehmen hat mehrere Infrastrukturprojekte initiiert, darunter ein Upgrade der Phase-II-Central-Processing-Facility und den Kauf eines zweiten Gasverdichters.
Zus盲tzlich unterzeichnete Tethys wesentliche 脛nderungen der Explorationsvertr盲ge f眉r die Bl枚cke Diyar, Zhanasu und Nurzhau und verl盲ngerte die Entscheidungsfrist f眉r Tiefbohrungen bis zum 1. Juli 2027.
- Oil and gas sales increased 28% year-over-year to $6.1 million in Q2 2025
- Net profit grew to $1.3 million from $1 million in 2024
- Secured contract amendments extending exploration rights until 2027
- Infrastructure improvements underway with Phase II Central Processing Facility upgrade
- Gas production declined from 220,000 m鲁 to 180,000 m鲁 per day due to compressor breakdown
- Repairs and production restoration not expected until September
Grand Cayman, Cayman Islands--(Newsfile Corp. - August 18, 2025) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended June 30, 2025 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR+ at or on Tethys' website at .
Financial highlights
Oil and gas sales increased by
Operations update
Oil production is continuing from wells KBD-02, KBD-06, and KBD-07 at an average rate of about 330 tons per day. Gas production from 20 wells has declined from approximately 220,000 m³ per day to 180,000 m³ per day following the breakdown of one of the compressors last week. A service company crew has been mobilized for repairs, and the Company expects production to be restored in September.
The Company has signed the contract for the Phase II Central Processing Facility upgrade, and the contractor has commenced foundation works. The Company has signed the contract for the purchase of the second gas compressor, which had been referred to in the Company's earlier update.
The contract for the relocation and installation of the shift camp has been signed, with preparatory works underway. Installation of the overhead power line from the Central Processing Facility to the existing shift camp is close to completion.
Exploration Update
The Company has signed amendments to its exploration contracts for the Diyar, Zhanasu and Nurzhau blocks. These amendments provide until 2027 for the Company to decide whether to drill a deep well or whether to return to the Republic of Kazakhstan the portions of the geological allotments deeper than 5,000 meters in the Pre-Caspian blocks (Diyar, Zhanasu and Nurzhau). Under these amendments, the Company has agreed to make a final decision by July 1, 2027 on whether to drill exploration wells or to return the deeper-than-5,000-meter allotments. The shallower allotments (above 5,000 meters) are not affected by these amendments.
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.
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] |
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FAQ
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