/KASE, July 12, 11/ - Tethys Petroleum Limited (Channel Islands), whose common
shares are officially listed at Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of July 7, 2011:
quote
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today updated
on the progress on its Kazakhstan oil exploration and appraisal activities.
Work is currently concentrating on the testing of the AKD04 (Dero) and AKD05
(Doris) appraisal wells, and on the continued drilling of the KBD01 (Kalypso)
exploration well.
Following extensive flow periods and multi-rate testing the AKD05 well is
currently flowing clean oil at a stable rate of approximately 520 barrels of oil
per day ("bopd") from the Upper Jurassic carbonate zone. It is now planned to
acidize this zone which should significantly increase production. Acidisation is
planned within the next two weeks after which the well (which is already tied
into the Doris Pilot Production facilities) will be put on extended test
production. There are potentially oil bearing sandstones in the Lower Cretaceous
section of the well above the current producing zone, including a thin "Doris"
sand on the edge of the interpreted Doris sand fan but these intervals will not
be tested in the near future as the well is intended to carry out a extended
production evaluation of the deeper Upper Jurassic carbonate zone.
unquote
The full version of the press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_070711.pdf
[2011-07-12]