Regulatory update
Tethys has received the permit from the
Gas Marketing update
The Company has been continuing to work on a resolution with QazaqGaz over the dispute on the payment of gas produced by the Company. We have been unable to come to an agreement and gas production has been shut in. Due to the shutdown of gas production, a significant number of employees may be forced to take a temporary furlough and are at risk of permanent dismissal. Sixteen employees have been put on furlough. In an effort to reduce the number of staff laid off, Seventeen employees have been transferred from TethysAralGas to KulBas in order to assist with the oil production on KBD-10 and KBD-11.
Contact:
Chief Financial Officer
Tel: 901-763-4001
Email: info@tethys-group.com
Web: www.tethys-group.com
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