Welcome to our dedicated page for Tethys Petroleum news (Ticker: TETHF), a resource for investors and traders seeking the latest updates and insights on Tethys Petroleum stock.
Tethys Petroleum Limited (TETHF, TSXV: TPL) generates frequent corporate updates centered on its oil and gas operations in Kazakhstan and its broader focus on exploration and production in Central Asia and the Caspian Region. The news flow highlights how the company manages crude oil and natural gas extraction projects, regulatory processes, and corporate matters affecting shareholders.
Recent news releases describe oil production from wells KBD-02, KBD-06, and KBD-07 in the Kul-Bas Oil Field, including reported production levels and the impact of surface facility optimization, gas turbines, and gas compressors. Updates also cover natural gas production from the Kyzyloi and Akkulka Gas Fields, workover operations on gas wells, and plans to extend the Akkulka Gas Field subsoil use contract.
Readers can also find news on infrastructure and project development, such as upgrades to the Central Processing Facility at Kul-Bas, design and construction of a Gas Processing Facility, and a 6-inch, 18 kilometer gas pipeline. Exploration updates on the Aral-4 prospect and the Diyar, Zhanasu and Nurzhau blocks, including seismic fieldwork, processing and interpretation, are regularly reported.
Beyond operations, Tethys’ news includes regulatory and legal developments, arbitration rulings, court decisions, and corporate governance topics like Annual General Meeting results. The company has also issued releases about a non-binding letter of intent from Fincraft Group LLP to acquire Tethys, along with responses from a Special Committee of independent Directors.
This news page allows investors and observers to review Tethys Petroleum’s ongoing operational performance, project milestones, legal outcomes, and potential corporate transactions as disclosed in its official press releases.
Tethys Petroleum (OTC: TETHF) announced a corporate update on operations in Kazakhstan, including a formal transition of the Kul-Bas oil field to a Production Period from Feb 17, 2026 to Jul 27, 2048.
Current oil output from wells KBD-02, KBD-06 and KBD-07 averages ~382 tons/day in 2026, with gas production ~227,000 m³/day. Equipment faults have limited output; commissioning a gas turbine and a new compressor is expected to raise oil capacity to ~700 tons/day. The Board approved drilling ARD-01 (Kronos) from May and appraisal well KBD-05 in July/August; a second Aral-4 prospect is under evaluation.
Tethys Petroleum (OTC: TETHF) announced a regulatory and operations update in Kazakhstan on December 26, 2025. The Ministry of Energy approved transitioning the Kul-Bas oil field to a Production Period through July 27, 2048, with an Addendum expected by end of January 2026.
December oil output averaged ~425 tons/day from wells KBD-02, KBD-06 and KBD-07 while gas production averaged ~230,000 m³/day from 21 wells. Work continues on surface facility upgrades, a new gas compressor, gas turbine repairs, and construction of processing and pipeline infrastructure. Tethys also applied to extend the Akkulka subsoil contract to December 2036 and filed for a voluntary delisting from the Kazakhstan Stock Exchange.
Tethys Petroleum (OTC: TETHF) reported operational and regulatory updates from Kazakhstan on December 5, 2025. Oil production averaged about 380 tonnes/day last month from wells KBD-02, KBD-06 and KBD-07. Repair of a second gas turbine raised utilization to ~480 tonnes/day as of the announcement, and the company expects ~530 tonnes/day within a week after commissioning a second gas compressor. Upgrades to the Central Processing Facility at Kul-Bas are underway, with commissioning targeted by mid-January 2026. A Gas Processing Facility and 6" x 18 km pipeline are at design stage, targeting operation by October 2026. Natural gas production averages 222,000 m3/day from 21 wells. The company applied to transition Contract No. 1897 to the Production Period on November 27, 2025 (statutory 20 working-day review). The Special Committee continues dialogue with Fincraft Group on a non-binding acquisition intent.
Tethys Petroleum (OTC:TETHF) provided a corporate update on November 19, 2025 covering a legal ruling in Kazakhstan and an updated acquisition proposal.
The AIFC Court issued a November 17, 2025 judgment rejecting all challenges by DSFK and Olisol and confirming enforcement of a May 13, 2025 arbitration award of ~1.4 billion KZT and cancellation of 18 million Tethys shares held by Olisol. Tethys says it will proceed with enforcement steps.
Separately, Fincraft Group LLP updated its non-binding proposal: initially CAD 1.38 per share, now offering CAD 1.75 per share for remaining Tethys shares; the Special Committee is reviewing and engaging with Fincraft.
Tethys Petroleum (OTC: TETHF) filed interim results for the three months ended September 30, 2025, including audited financial statements and MD&A.
Financial highlights: oil and gas sales rose 33% to $7.1 million (Q3 2025) from $5.4 million (Q3 2024); profit for the period was $1.4 million versus a loss of $0.6 million in 2024.
Operations: oil production averaged 330 tpd rising to 390 tpd and is expected to reach about 500 tpd within a week pending compressor and turbine repairs; gas averages ~235,000 m³/day from 21 wells. Corporate and regulatory updates include new collective agreements and an appellate court decision upholding denial of an Akkulka contract extension, with a planned cassation appeal.
Tethys Petroleum (OTC: TETHF) provided an operations and corporate update for Kazakhstan on October 17, 2025. Oil production rose by about 330 tons per day over the last month from wells KBD-02, KBD-06 and KBD-07, while gas averaged ~240,000 m3/day from 20 wells. A delayed gas turbine is now scheduled for service on November 1, 2025, which the company expects could raise oil output to ~500 tons/day in November. Seismic interpretation for Aral-4 is due by end of October; Diyar processing is ongoing. The Astana Economic Court (1st instance) rejected Tethys’s claim to extend the Akkulka oil contract on September 9, 2025, and the company has appealed. A non-binding LOI from Fincraft (offer CAD 1.38/share on Sept 15, 2025) remains under review; the special committee has requested further financing and regulatory details and has not yet received responses.
Tethys Petroleum (TSXV: TPL) provided a comprehensive operational update and addressed a potential acquisition offer. The company reported oil production of 345 tons per day from three wells and gas production of 200,000 m3 per day from 20 wells. A Central Processing Facility upgrade is underway, expected to increase oil production to 500 tons per day.
Notably, Fincraft Group LLP submitted a non-binding letter of intent to acquire all outstanding Tethys shares at CAD 1.38 per share. The Board formed a special committee to review the proposal while refuting several claims made by Fincraft regarding board experience and company progress. The company also faces legal challenges, including a rejected claim for the Akkulka Oil contract extension and ongoing arbitration proceedings regarding DSFK payment and share cancellation.
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 m³ 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) held its Annual General Meeting on August 11, 2025, where shareholders voted on several key resolutions. Four directors were successfully elected to the board: Adeola Ogunsemi, Mattias Sjoborg, Don Streu (with 99.9% approval), and William Wells, each receiving 54.9% of votes. Three proposed directors - Askar Ismailov, Paul J. Ostling, and Piers Johnson - were not elected.
A significant development was announced regarding an arbitration award issued on May 13, 2025, ordering the cancellation of 18 million Tethys shares previously issued to Olisol Petroleum. This affects shares subsequently transferred to Gazexport Limited, resulting in the exclusion of 12,987,381 shares (74.06%) from Gazexport Limited's voting rights at the meeting.
Tethys Petroleum (TSXV: TPL) has received director nomination notices ahead of its August 11, 2025 annual general meeting. Fincraft Group LLP has nominated Askar Ismailov, while Gazexport Limited has put forward Paul J. Ostling and Piers Johnson as director nominees.
Ostling brings extensive experience as a former Ernst and Young attorney with expertise in telecoms, industrial mining chemicals, and global distribution. Johnson, trained in petroleum business, founded Oilfield Production Consultants Limited and has significant experience in petroleum and reservoir engineering.