Tethys Petroleum Press Release - Corporate Update
Tethys Petroleum Press Release - Corporate Update
After a further examination of the nature of acquired geological information, involving communication with the State Geology Committee, the Company determined that certain costs amounting to $25.6 million do not qualify as historical costs and, therefore, are not due for reimbursement to the government. Subsequently, the Company communicated its findings to the Aktobe Tax Department and requested confirmation for the exclusion of these costs from its obligations.Grand Cayman, Cayman Islands--(Newsfile Corp. - February 14, 2024) - 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.
开曼群岛大开曼岛--（Newsfile Corp.，2024 年 2 月 14 日）-Tethys Petroleum Limited（多伦多证券交易所股票代码：TPL）（”Tethys“或者”公司“）很高兴提供公司在哈萨克斯坦共和国业务的最新情况。
Deferred payment obligation adjustment
延期付款债务调整
The Company had previously recognized in its interim financial statements a deferred payment obligation for historical costs incurred by the government on geological investigation of the Kul-Bas exploration area of approximately $28.8 million to be paid quarterly over a period of up to 10 years.
该公司此前曾在其中期财务报表中确认了政府在库尔-巴斯勘探区地质调查中产生的历史成本的延期付款义务，约为2,880万美元，将在最长10年内按季度支付。
After a further examination of the nature of acquired geological information, involving communication with the State Geology Committee, the Company determined that certain costs amounting to $25.6 million do not qualify as historical costs and, therefore, are not due for reimbursement to the government. Subsequently, the Company communicated its findings to the Aktobe Tax Department and requested confirmation for the exclusion of these costs from its obligations.
在进一步审查所获得的地质信息的性质，包括与州地质委员会的沟通，该公司确定总额为2560万美元的某些成本不符合历史成本的资格，因此不应向政府偿还。随后，该公司将其调查结果告知了阿克托别税务部门，并要求确认将这些费用从其义务中排除。
On February 12, 2024 the Aktobe Tax Department responded, affirming the Company's position that approximately $25.6 million of the obligation is not owed. As a result, the Company will be making an adjustment to the balance sheet that will result in a reduction of the present value of the previously reported liabilities of approximately $18.7 million.
2024年2月12日，阿克托比税务部门作出回应，确认了该公司的立场，即约2560万美元的债务没有拖欠。因此，公司将对资产负债表进行调整，这将使先前报告的负债的现值减少约1,870万美元。
About Tethys
关于 Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.
Tethys专注于中亚和里海地区的石油和天然气勘探和生产活动。
Disclaimer
免责声明
Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.
本文档中的一些陈述是前瞻性的。本公告的任何部分均不构成投资公司或任何其他实体的邀请或诱惑，提醒公司股东不要过分依赖前瞻性陈述。除适用法律要求外，公司不承诺更新或更改任何前瞻性陈述以反映本公告发布之日之后发生的事件。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商（该术语在多伦多证券交易所风险投资交易所的政策中定义）均不对本新闻稿的充分性或准确性承担责任。
Contact Information:
联系信息：
Tethys Petroleum
Casey McCandless
Chief Financial Officer
901-763-4001
特提斯石油公司
凯西·麦坎德利斯
首席财务官
901-763-4001
info@tethys-group.com
info@tethys-group.com
