Tethys Petroleum Press Release: Interim Results and Corporate Update
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%).
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Net profit: $1.4 M for the quarter, reversing a loss of $0.6 M reported in the same period last year.
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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.
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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.
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Natural Gas Production
- Kyzyloi and Akkulka fields delivering ~235,000 m³/day from 21 wells.
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Ongoing workover and well‑service activities to reactivate several previously suspended gas wells.
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Seismic & Exploration Update
- Aral‑4 structural interpretation completed; 1–2 prospective drill sites identified within the license area.
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Diyar seismic processing incomplete; initial results for southern Diyar are discouraging, while northern Diyar and southern Zhanasu remain under review for prospectivity.
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Corporate & Labor Relations
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New collective agreements signed with Kul‑Bas LLP, TethysAralGas LLP, and DMS Services LLP in November 2025; labor relations described as stable and constructive.
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Regulatory Update – Akkulka Oil Contract
- Appeal to Astana Economic Court upheld the lower‑court decision rejecting extension of the Akkulka Oil contract (License #265).
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Company plans a further appeal to the Supreme Court (cassation) to maintain contractual rights over the legacy asset.
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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.)