/KASE, January 31, 11/ -Tethys Petroleum Limited (Channel Islands), whose
common shares are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release of January 11, 2011:
quotation
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today announced
it had received approval for the Doris oil pilot production project and also
provided an update on its operations and forward drilling plans in Kazakhstan.
- Highlights:
- Pilot Production Project approved by Kazakh State.
- 3D and 2D seismic acquisition program completed. The key to 'unlocking' to
the Doris oil discovery and further exploration targets.
- Next two Doris appraisal wells (AKD04 and AKD05) chosen on new 3D with
drilling on first in early February 2011.
- Further exploration targets in Akkulka block identified.
- AKD03 testing program to commence beginning of February 2011.
- AKD02 and G6RE to be tested through the application of radial drilling.
- KBDO1 (Kalypso) well cased at 300 metres and about to recommence
drilling.
TethysAralGaz ("TAG"), the Company's wholly owned Kazakh subsidiary, has
received State approval from The Ministry of Oil and Gas ("MOG") for the
Pilot production project for the Doris oil discovery on the Akkulka field.
ends
The press release full version is available on KASE website at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_110111.pdf
[2011-01-31]