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Earnings

Tethys Petroleum Press Release: Interim Results and Corporate Update

By The Northwire Desk — AI Analysis Nov 14, 2025 · 16:53 TPL · 1.18 Tethys Petroleum Limited
TPL · Price

Executive Summary

  • Tethys Petroleum filed its audited Q3 2025 interim results, reporting oil and gas sales of $7.1 M (up 33% YoY) and a net profit of $1.4 M versus a loss of $0.6 M in the prior year.
  • Oil production increased to an average of 390 tons/day with plans to reach ~500 tons/day within a week pending commissioning of additional gas compression equipment.
  • The company received a response from Fincraft Group regarding a proposed acquisition and will have its Independent Director Special Committee review the offer.

Key Details

  • Financial Highlights
  • Oil & gas sales: $7.1 M in Q3 2025 vs. $5.4 M in Q3 2024 (+33%).

  • Net profit: $1.4 M for the quarter, reversing a loss of $0.6 M reported in the same period last year.

  • Oil Production

  • Current wells: KBD‑02, KBD‑06, KBD‑07.
  • Average output rose from 330 tons/day to 390 tons/day over the past month.

  • Target ramp‑up to ~500 tons/day within one week, contingent on commissioning of a second gas compressor and repair of a second gas turbine.

  • Natural Gas Production

  • Kyzyloi and Akkulka fields delivering ~235,000 m³/day from 21 wells.

  • Ongoing workover and well‑service activities to reactivate several previously suspended gas wells.

  • Seismic & Exploration Update

  • Aral‑4 structural interpretation completed; 1–2 prospective drill sites identified within the license area.

  • Diyar seismic processing incomplete; initial results for southern Diyar are discouraging, while northern Diyar and southern Zhanasu remain under review for prospectivity.

  • Corporate & Labor Relations

  • New collective agreements signed with Kul‑Bas LLP, TethysAralGas LLP, and DMS Services LLP in November 2025; labor relations described as stable and constructive.

  • Regulatory Update – Akkulka Oil Contract

  • Appeal to Astana Economic Court upheld the lower‑court decision rejecting extension of the Akkulka Oil contract (License #265).

  • Company plans a further appeal to the Supreme Court (cassation) to maintain contractual rights over the legacy asset.

  • M&A / Acquisition Interest

  • Received response from Fincraft Group LLP concerning its proposal to acquire Tethys Petroleum.
  • Independent Director Special Committee will conduct a full review before responding to Fincraft.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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