Tethys Petroleum: Kazakhstan Oil Resource Upgrade
Tethys Petroleum is pleased to announce it has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil. The resource report also shows a substantial amount of prospective gas resources. Key Points: Mean unrisked recoverable …
Roxi Petroleum: 2011 Year Review
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its preliminary results for the year ended 31 December 2011. Financial Highlights 2011 • Loss after taxation of US $ 9.4 million • Completion of US $ 50 million Galaz farm-out with LGI • Cancellation of …
Max Petroleum: NUR-1 Sidetracking Frees Stuck Tool
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The Company has successfully sidetracked the well around drilling tools that became stuck in early April. After setting intermediate …
Roxi Petroleum: Spins Bit at NK-7
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the NK-7 well was spudded at 00:00hrs (local time) on 25 April 2012. This appraisal well is planned to drill to a total depth of 1400 metres and is targeted to encounter …
Tethys Secures Exploration Upside
Tethys Petroleum announced it has received permission for the extension of the Akkulka Exploration Contract in Kazakhstan where the Company is currently appraising the high potential Doris oil discovery and also where it has several exciting exploration targets. Key Points: Two year extension to comprehensively appraise Doris commercial oil discovery …
KMG EP Announces Operating Results for the First Quarter of 2012
JSC KazMunaiGas Exploration Production announced that in the first three months of 2012 it produced 3,029 thousand tonnes of crude oil (249kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 143 thousand tonnes or 5% less than in the same period of 2011. Uzenmunaigas …
Max Petroleum: Uytas Field Well Test Positive
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an update on production test results and development plans for its Uytas Field. Highlights include: Interpretation of 3D seismic data acquired in late 2011 has revealed a structure larger than previously …
Tethys Petroleum Limited: First Oil Sales Through Kazakh Oil Terminal
-Tethys Petroleum (TSX: TPL)(LSE: TPL), an oil and gas exploration and production company focused on Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan, and Uzbekistan, announced it has completed the first shipment of commercial oil production through its Aral Oil Terminal (the “AOT”) at Shalkar – a …
Max Petroleum NUR-1 Drilling Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The well has reached the top of the Kungarian salt at a depth of 5,718 metres. Upon drilling …
Zhaikmunai: Proved Reserves Increase by 15.1% to 169.1 mmboe
Zhaikmunai LP, the oil and gas exploration and production enterprise today releases the independent reserves audit of its Chinarevskoye field in north-western Kazakhstan as at 31 December 2011. The report was prepared by petroleum consultants Ryder Scott Company. HIGHLIGHTS FROM THE 2011 RESERVES REPORT Proved reserves (1P) have increased by …