/KASE, November 18, 11/ - Tethys Petroleum Limited (Channel Islands), whose
common shares are officially listed at Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release of November 15, 2011:
quote
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL)(LSE: TPL) today
announced that the Cretaceous sand interval on the AKD06 Doris appraisal well
had tested oil at a rate of over 4,300 barrels of oil ("bopd") per day.
"This is a very successful appraisal of the Doris discovery and once again
shows the good flow potential of the Cretaceous sandstone reservoir. This is an
excellent result and bodes well for the further development of Doris," commented
Graham Wall, Chief Operating Officer of Tethys.
A 5 metre interval (2,165 metres to 2,170 metres) of the Cretaceous sand flowed
at a rate of 4,304 bopd on a 26 mm (66/64") choke with a flowing tubing head
pressure of 12.7 atmospheres (186 psi). The oil was light with a gravity of 0.8
SG (45 degrees API). Flow was restricted for safety reasons but data indicates
that the absolute open flow potential is in excess of 6,000 bopd. The well is
now tied into the test production facilities and further testing is planned in
addition to placing the well on long-term test production.
unquote
The full version of the press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_151111.pdf
[2011-11-18]