# Tethys Petroleum Press Release \(TPL\) Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tethys-petroleum-press-release-tpl--5cc4be70-3265-45ab-836d-4a85c79802ac Original source: https://orestocks.com/company/TPL.V/press-releases/6290129515903452 Publisher: orestocks Original announcement: 2026-04-11T02:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:23:39.272Z Atlas analysis updated: 2026-10-01T04:23:39.272Z - Company: Tethys Petroleum Limited - Ticker: TPL - Exchange: Unavailable - Region: Kazakhstan - Primary commodity: Oil - Secondary commodities: Gas - Document categories: Resource update - Extracted: 2026-10-01 04:23:40 UTC Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas summary Tethys Petroleum has released its 2025 reserve report for its operations in Kazakhstan. While oil and gas reserve volumes \(Proved and Probable\) remain broadly equivalent to 2024 levels, the Net Present Value \(NPV\) has decreased by approximately 15% due to lower Brent and domestic oil prices. Reasoning: The reserve report shows stable volumes but a significant decline in Net Present Value \(NPV\) driven by falling commodity prices and high fiscal burdens. - Positive factor: Reserve volumes remain stable year-over-year - Negative factor: NPV declined by approximately 15% due to lower oil prices - Negative factor: High tax and cost burden on exports Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report was prepared in compliance with NI 43-101 standards. Evidence · text > prepared in compliance with NI51-101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company provided an update on its reserves as of December 31, 2025. Evidence · text > provide an update on the Company's operations ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/tethys-petroleum-press-release-tpl--5cc4be70-3265-45ab-836d-4a85c79802ac#fact-resource-facts-0) oil #### Identity - Commodity: oil - Region: kazakhstan - Reported Region: Kazakhstan - Ticker: TPL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:805c6b80361891ca3299 #### Resource Data - Category: probable - Tonnes: 84844 #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-11T00:00:00.000Z Reasoning: Standard reserve volume reporting. Evidence · table > 84,844 Context: 84,844 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/tethys-petroleum-press-release-tpl--5cc4be70-3265-45ab-836d-4a85c79802ac#fact-resource-facts-1) oil #### Identity - Commodity: oil - Region: kazakhstan - Reported Region: Kazakhstan - Ticker: TPL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9f90b7aa9e81862c6ef6 #### Resource Data - Category: proven - Tonnes: 46686 #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-11T00:00:00.000Z Reasoning: Standard reserve volume reporting. Evidence · table > 46,686 Context: 46,686 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.