Tethy’s Petroleum Sign Uzbek MOU
Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding (“MOU”) with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz” (“UNG”) establishing a programme for Tethys to obtain two new Production Enhancement Contracts (“PECs”) on two existing oilfields in Uzbekistan. The MOU represents an agreed …
Tethys Petroleum – Kazakh AKD06 well flows over 4,300 barrels of oil per day
Tethys Petroleum Limited today announced that the Cretaceous sand interval on the AKD06 Doris appraisal well had tested oil at a rate of over 4,300 barrels of oil (“bopd”) per day. “This is a very successful appraisal of the Doris discovery and once again shows the good flow potential of …
Tethy’s Petroleum Third Quarter 2011 Financial Results and Operational Update
Tethys Petroleum Limited today announced its third quarter 2011 financial results. The results are highlighted by a 116% increase in production revenues over the third quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). Q3 HIGHLIGHTS — The average oil and gas …
Tethys Petroleum Limited: Doris AKD06 Well Initial Results
Tethys Petroleum Limited today gave an update on the initial results of the AKD06 Doris appraisal well in Kazakhstan. Drilling data and wireline logs indicate oil in both the Cretaceous sandstone and Jurassic limestone reservoirs. The Cretaceous sandstone has been encountered above prognosis and at a higher elevation than in …
Tethys Petroleum – Tajikistan Operations Update
Tethys Petroleum Limited today gave an update on its operations in the Republic of Tajikistan. Testing operations are underway on the East Olimtoi EOL09 exploration well located south of the town of Kulob some 10 km north of the Afghan border. This well reached a total depth of 3,765 metres …
Tethys Petroleum Limited: Kazakhstan KBD01 (Kalypso) Exploration Well Update
Tethys Petroleum Limited today announced the initial logging results of its KBD01 (Kalypso) exploration well drilled in the Kul-Bas block some 50 km north west of the Doris oil discovery. The well has now reached total depth in what is initially interpreted to be rocks of Carboniferous age. Electric logs …
Tethys Petroleum Limited: Afghan Out Bid
Tethys Petroleum Limited today announced that it understands that the Chinese State Oil Company, CNPC, has won the tender for the Kashkari, Bazarkhami and Zamarudsay blocks in Northern Afghanistan which Tethys was also bidding for. As a commercial oil and gas company Tethys could not offer the same terms as …
Tethys Petroleum on Radial Drilling Technology Case History: North Urtabulak
Enhanced oil recovery from a mature field in the Republic of Uzbekistan The effectiveness of radial drilling technology has long been a contentious issue within our industry, and it was into this climate of controversy that Tethys Petroleum Limited in 2010 embarked upon a campaign of radial drilling to enhance …
Tethys Petroleum Limited: Operational Update
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL)(LSE:TPL) today provided an operational update in conjunction with its financial results for the Quarter ended June 30, 2011. Operational Update RECENT HIGHLIGHTS Kazakhstan AKD05 appraisal well flowed at over 1,500 bopd of good quality oil. KBD01 (Kalypso) exploration well close to total …
Tethys Petroleum Financial Results August 2011
Tethys Petroleum Limited today announced its second quarter results for the period ended June 30, 2011. The second quarter results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on …