/KASE, July 22, 10/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are listed in Kazakhstan Stock Exchange (KASE) official list,
provided to KASE the following press release of July 20, 2010:
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Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) announced
today that work had commenced on the re-entry of well G6 on the Akkulka Block
in Kazakhstan, this work being aimed at establishing the potential extent of
the Doris oil discovery and associated potential oil accumulations.
Well G6, which is located some 16 km west of the AKD01 Doris discovery well
was originally drilled in 2001 by the then contractor on the Akkulka block and
was abandoned without running casing or testing (possibly because of lack of
funding) following the drillbit becoming stuck in the hole. There were indications
of hydrocarbon shows encountered in the well and indeed samples of oil
recovered from the well have now been located and analysed showing the same
API gravity as the oil recovered from the upper zone in the AKD01 well test.
Re-interpretation of the G6 wireline logs based on the data from the recently
drilled AKD02 and AKD01 wells shows the possible presence of moveable
hydrocarbons in the well, with the upper sandstone reservoir interval being
significantly thicker than that encountered in AKD01.
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the press release is available on KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_200710.pdf - in
Russian;
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http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_200710_e.pdf - in
English.
[2010-07-22]