Tethys Petroleum Limited provides corporate update
/KASE, November 9, 2021/ – Tethys Petroleum Limited (Cayman Islands), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 9, 2021:
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Grand Cayman, Cayman Islands - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide a corporate update.
"Kul-Bas" LLP, a subsidiary company of Tethys obtained all the approvals to operate under the pilot license program at the Kul-Bas field. This approval allows for approximately 180,000 tons of oil to be produced prior to the expiration of the pilot license in December, 2022.
The pilot license allows for a maximum of 57,450 tons of oil to be produced under the license in 2021. This pilot license will include three wells during this period (KBD-02, KBD-06 and KBD-07). A previously announced sale of 38,000 tons has been completed with current deliveries being made against that contract.
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The full version of the press release is available on KASE website:
[2021-11-09]