Tethys Petroleum Limited（TSXV：TPL）（简称“Tethys”或“公司”）欣然发布公司在哈萨克斯坦共和国的运营最新进展。

运营进展：
KBD-02、KBD-06 和 KBD-07 号油井的石油生产持续进行，过去一个月平均日产量约为 380 吨。第二台燃气轮机已成功修复，预计截至目前，天然气利用率将提升至约 480 吨/日。目前，第二台燃气压缩机的预调试工作正在进行中。预计第二台压缩机投入运行后，日产量将增至约 530 吨/日。

库尔巴斯油田中央处理设施的石油加工和储存能力升级改造工作正在进行中。该项目计划于2026年1月中旬投入使用。

天然气处理厂和天然气管道（6英寸×18公里）项目目前处于设计阶段。这些设施计划于2026年10月投入使用。

克孜勒洛伊和阿库尔卡气田的21口气井日均天然气产量约为22.2万立方米。目前正在进行修井和油井服务作业，以重新启用几口之前停产的气井。

对Aral-4勘探前景的评估正在进行中。公司还在推进两个优先勘探点的许可和勘探钻井准备工作。迪亚尔区块的地震解释工作正在进行中。此外，作为正在进行的勘探前景评估的一部分，对迪亚尔北部以及扎纳苏和努尔扎乌区块南部的二维地震数据进行分析的工作也在继续进行。

监管更新：
2025年11月27日，公司提交了一份公司已向哈萨克斯坦共和国能源部提交申请，请求将库尔巴斯油田（Kul-Bas）1897号合同转入生产期（商业许可证）。根据《矿产资源法》，此类申请须经过20个工作日的法定审查期。审查时间可能有所不同，因为审查工作完全由能源部负责。待能源部做出决定后，公司将着手准备并最终确定相应的矿产资源使用合同补充协议。公司将在收到官方反馈后及时更新进展。

公司已发布不具约束力的收购意向书 。
由独立董事组成的特别委员会正继续与 Fincraft Group LLP 就其收购公司的意向进行沟通。特别委员会已于 11 月 26 日致函 Fincraft Group，目前正在等待其回复。

Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan.

Operations update
Oil production is continuing from wells KBD-02, KBD-06, and KBD-07, with an average of about 380 tons per day over the last month. The second gas turbine has been successfully repaired and this is expected to increase the gas utilization capacity of daily oil production to about 480 tons per day as of today. Currently, pre-commissioning of the second gas compressor is ongoing. It's anticipated that daily oil production will increase to about 530 tons after the second compressor is put into operation within a week.

Upgrading the oil processing and storage capacity of the Central Processing Facility in the Kul-Bas Oil Field has been underway. It's scheduled to be commissioned by mid-January 2026.

Construction of the Gas Processing Facility and Gas Pipeline (6" x 18 km) Project has been currently at the design stage. The facilities are scheduled to be commissioned and put into operation by October 2026.

Natural Gas production from the Kyzyloi and Akkulka Gas Fields is averaging about 222,000 m³ per day from 21 gas wells. Workover and Well Services operations are currently being performed to reactivate several previously suspended gas wells.

Evaluation of the Aral-4 prospect is ongoing. The Company is also advancing permitting and preparatory work for exploration drilling at two priority sites. Seismic interpretation for the Diyar block is in progress. In addition, analysis of vintage 2D seismic data for the northern part of Diyar and the southern parts of the Zhanasu and Nurzhau blocks continues as part of the ongoing prospectivity assessment.

Regulatory Update
On November 27, 2025, the Company submitted an application to the Ministry of Energy of the Republic of Kazakhstan to transition Contract No. 1897 for the Kul-Bas field to the Production Period (Commercial License). Under the Subsoil Code, such applications are subject to a statutory review period of 20 working days. The duration of the review may vary, as the process is carried out solely by the Ministry of Energy. Following the Ministry's decision, the Company will proceed with the next steps required to prepare and finalize the corresponding Addendum to the Subsoil Use Contract. The Company will provide an update once official feedback becomes available.

Non-Binding Letter of intent to acquire the Company update
The Special Committee of independent Directors is continuing to communicate with the Fincraft Group LLP on their intent to acquire the Company. The Special Committee sent a letter to the Fincraft Group on November 26 and is waiting for their response.