/KASE, October 23, 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, provided an
update on operations in Kazakhstan.
AKD08 ("Doto") Well
The AKD08 ("Doto") well has reached a depth of 1,368 metres and electric logs
have been run in the hole. The 13 3/8th casing is being run and once cemented
drilling will recommence in the 12 1/4" hole section. The Doto well is expected
to take approximately 70 days in total to drill to a planned total depth of
3,500 metres using Tethys' own ZJ70 "Telesto" rig. The 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.
Whilst drilling in the shallower levels at approximately 600 metres, high levels
of gas were encountered and these shows together with the logs indicate a
potential gas discovery at the Tasaran stratigraphic level as previously
demonstrated to be commercial on test in the nearby AKK14 and AKK15 wells. It
is expected that a gas appraisal well could now be incorporated into the forward
shallow gas drilling program to test this accumulation.
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_181013.pdf
[2013-10-23]