/KASE, June 25, 10/ - Tethys Petroleum Limited (Channel Islands), listing on
Kazakhstan Stock Exchange (KASE), provided KASE with a statement of
June 23, 2010:
Quotation begins
Tethys Petroleum Limited ("Tethys" or the "Company")(TSX:TPL) today
announced the initial results from the AKD02 (Doris) appraisal well on the
Akkulka Block in Kazakhstan.
Based on the interpretation of wireline logs and core data, oil has been
encountered in the Jurassic carbonate sequence that proved productive in the
AKD01 (Doris) discovery well drilled approximately 4 km to the south-east. The
lower Cretaceous sand interval in this well appears however to be water bearing
probably due to faulting between the two wells. Work is now underway on
preparing for a flow test on the carbonate interval following which it is planned
to sidetrack the AKD02 well to the south-east with the aim of encountering the
upper reservoir potentially within the oil bearing-zone.
Ends
The press release is available at the KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_230610.pdf - in
Russian;
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http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_230610_e.pdf - in
English.
[2010-06-25]