/KASE, July 14, 2021/ – Tethys Petroleum Limited (Cayman Islands), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with a press release dated July 13, 2021, which states the following:
Tethys Petroleum Press Release (TSXV: TPL) Drilling Update Grand Cayman,
Cayman Islands - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the
"Company") today provides an update on current drilling activities.
Tethys has completed drilling of the KBD-03 well and is moving storage tanks to
the field to enable the production test. The initial log and core results are
encouraging as oil shows were found in the three prospective zones. While the
log and core results are encouraging, the production test will be needed to
provide confirmation on the productive capacity of each of the zones. It is
anticipated that the storage tanks and facilities will be in place and
production tests will start by the middle of August. If successful, it is
anticipated that this well will be first tested from the Jurassic zone. The rig
that used on KBD-03 will be demobilized and set up to drill KBD-07. This well
is approximately 700 meters to the southeast of KBD-02 and about 1,000 meters
to the west of KBD-03.
As of July 12, 2021 the KBD-06 well has been drilled to a depth of approximately
2,500 meters. This well should also be tested by the middle of August. The well
also has encouraging log and core results. Upon completion, this rig will be
moved to drill KBD-08. This well site is approximately 2,000 meters to the
southeast of KBD-02.
The full version of the press release is posted on KASE website -
https://kase.kz/files/emitters/KY_TPL_/ky_tpl__reliz_140721_eng_1.pdf
[2021-07-14]