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 Ltd. reports developments in its oil and gas exploration and production activities in Central Asia and the Caspian Region, with recurring updates focused on operations in the Republic of Kazakhstan. Company news commonly covers the Kul-Bas Oil Field, oil production from KBD wells, natural gas production from the Kyzyloi and Akkulka Gas Fields, and work on processing, storage, gas-utilization and pipeline facilities.
Updates also include annual and interim results filed with Canadian securities regulators, reserve reporting prepared under NI 51-101 standards, subsoil-use contract matters, capital-structure disclosure and governance matters tied to the company’s upstream oil and gas operations.
Tethys Petroleum (OTC:TETHF) reported Q1 2026 interim results and a corporate update.
Oil and gas sales rose 104% to $8.1 million from $4.0 million, with net profit up to $2.0 million from $0.3 million. However, limited export allocations, weaker domestic pricing, delayed gas payments and legal uncertainties are pressuring cash flow, causing Tethys to revise its 2026 budget and delay drilling ARD-01.
An AIFC arbitration ruling, upheld on appeal, found in favour of Tethys, ordering repayment of funds and authorizing cancellation of 18 million shares previously issued.
Tethys Petroleum (OTC: TETHF) filed audited Annual Results for year ended Dec 31, 2025, including financial statements and MD&A, available on SEDAR+ and the company website.
Key figures: oil and gas sales $20.7M (up 83% vs 2024) and net profit $8.1M in 2025 versus a $19.1M loss in 2024. 2026 production averages provided for oil and gas fields; a gas utilization program for Kul Bas is approved through end-2026.
Tethys Petroleum (OTC: TETHF) released a Kazakhstan operations update and a McDaniel reserve report as of December 31, 2025. Total proved and total proved+probable volumes remain broadly unchanged versus 2024, while discounted Net Present Value (10% after tax) fell to $474 million from $560 million (≈15% decline).
The report shows 2025 net proved reserves of 46,686 mboe and total proved+probable of 84,844 mboe. Management attributes lower NPV to weaker Brent and domestic prices and a high fiscal/export tax burden.
Tethys Petroleum (OTC:TETHF) provided an operations update for Kazakhstan on March 24, 2026. Oil from wells KBD-02, KBD-06 and KBD-07 averaged ~323 tons/day in 2026 to date, ramping to 375 tons/day as of yesterday after weather-related interruptions.
Natural gas production averages about 222,000 m³/day from 20 wells. The Ministry of Energy working group gave preliminary approval to the Kul Bas gas utilization program on March 12 and an expert panel approved the Akkulka gas contract extension while removing a reinvestment obligation. Central processing upgrades are ~80% complete. Drilling: ARD#1 slated for early May (≈3,000m) and KBD-5 for early August 2026 (≈2,500m).
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.