Tethys Petroleum Limited (United Kingdom) announces commencing drilling exploration well AKD08 ("Doto") in Kazakhstan

03.10.13 12:06
/KASE, October 3, 13/ – Tethys Petroleum Limited (Channel Islands), whose common shares are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote Tethys Petroleum Limited ("Tethys" or "the Company" (TSX:TPL) (LSE:TPL), the E&P Company focused on Central Asia and the Caspian Region, announces that it has commenced drilling of the AKD08 ("Doto") Exploration well in Kazakhstan. The AKD08 ("Doto") Exploration well is located to the south-west of the Company's producing Doris field and north of its Dione oil discovery in Kazakhstan. The well is designed to target several potential zones, including the Lower Cretaceous sandstone and Upper Jurassic carbonate sequences as proven in Doris, and also the deeper Triassic sequence which gave significant hydrocarbon shows in nearby wells, including the Company's AKD01 well (Doris oil discovery). Prospectivity may also exist in the Jurassic sandstone sequence which flowed oil in the Dione (AKD03) well. unquote The full version of the press-release is available on KASE website in Russian, at http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_031013.pdf [2013-10-03]