/KASE, September 12, 11/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are officially listed on Kazakhstan Stock Exchange (KASE),
provided to KASE the following press release of September 7, 2011:
quotation
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL)(LSE: TPL) today
announced the initial logging results of its KBD01 (Kalypso) exploration well
drilled in the Kul-Bas block some 50 km north west of the Doris oil discovery.
The well has now reached total depth in what is initially interpreted to be
rocks of Carboniferous age. Electric logs just run over the deeper section
indicate more than 100 metres of gross potential hydrocarbon bearing zones
in what is interpreted to be shelf limestones of Carboniferous age. Hydrocarbon
shows were also noted whilst drilling. This is in addition to the hydrocarbon
indications noted on logs and drill data in the overlying Jurassic section
(logged prior to drilling this deeper hole section).
7-inch liner is now about to be run after which a comprehensive testing
programme on both the Carboniferous and Jurassic intervals is planned
following agreement and approvals from the appropriate Kazakh authorities.
Obtaining these approvals could take some 2 months (with mobilization of
testing equipment to follow thereafter), as this is an exploration well
and, unlike appraisal wells, no estimated testing programme could be
submitted prior to finishing the well.
ends
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_070911.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_070911_e.pdf - in
English.
[2011-09-12]