/KASE, May 21, 10/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are present in Kazakhstan Stock Exchange (KASE) official list,
provided to KASE the following press release of May 20, 2010:
quotation starts
Tethys Petroleum Limited ("Tethys" or the "Company") today announced that it
had commenced drilling the AKD03 (Dione) exploration well in Kazakhstan.
Tethys' ZJ70 rig "Telesto" has commenced drilling on an attractive exploration
prospect which is located nearby to, and south-west of, the Doris oil discovery.
This well is planned to target both the Cretasecous and Jurassic intervals where
oil has been flowed in the Doris oil discovery at a combined rate in excess of
over 6,800 barrels of oil per day, and also plans to target the deeper Triassic
and Permo-Carboniferous intervals that were not tested in the oil discovery well
and are believed to have further potential. Further exploration drilling on the
Akkulka block and on large surrounding Kul-Bas block is then planned.
quotation ends
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_200510.pdf - in
Russian;
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http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_200510_eng.pdf - in
English.
[2010-05-21]