/KASE, February 4, 13/ - Tethys Petroleum Limited (Channel Islands), whose
shares are officially listed at Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of January 31, 2013:
quote
Tethys Petroleum Limited ("Tethys") (TSX:TPL)(LSE:TPL), the oil and gas
exploration and production company focused on Central Asia, today announced that
it has effectively doubled the net price of the gas which it is selling in
Kazakhstan..
- New gas price after marketing and distribution costs USD65 (USD72.8 including
VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the Kyzyloi
and Akkulka Fields)
- Current total production 430,000 cubic metres (15.2 million cubic feet or 2,530
barrels oil equivalent) per day
- Further production increases achievable through the tie-in of other already
drilled wells, and targeting shallow gas prospective resources
- Net Proved + Probable gas reserves from the fields are 2.1 billion cubic metres
(bcm) or 73.8 billion cubic feet (bcf) (Gustavson & Associates, December 31,
2011)
- Net mean unrisked prospective gas resources of 18 billion cubic metres (bcm)
634 billion cubic feet (bcf) (Gustavson & Associates, April 30, 2012)
- New Kazakhstan-China gas trunkline under construction (passes through
Tethys' contract areas) should provide further upside upon completion in
addition to the existing pipeline through which Tethys currently sells its gas.
unquote
the full text of the press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_310113.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_310113_en.pdf - in
English.
[2013-02-04]