Tethys Petroleum Limited (United Kingdom) announced initial results of testing of well at the North Urtabulak field in Uzbekistan

18.02.11 17:42
/KASE, February 18, 11/ - Tethys Petroleum Limited (Channel Islands), common shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of February 17, 2011: quotation Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today announced the initial results of testing on the NUR96H2 horizontal development well at the North Urtabulak field in Uzbekistan. The well has now been tested at over 1,100 barrels of oil per day (bopd) and is now being put on production. This well reached a total depth of 3,060 metres (10,039 feet) with a producing section of 437 metres (1,434 feet) of lateral hole within this. Tethys believes there is significant additional potential in the North Urtabulak field and is currently evaluating other targets for horizontal drilling. In addition to the North Urtabulak oil field Tethys believes it has an opportunity to acquire additional development and exploration projects in Uzbekistan, a country it regards as having great long term potential to add value to shareholders. ends [2011-02-18]