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Tethys Petroleum Ltd V.TPL

Alternate Symbol(s):  TETHF

Tethys Petroleum Limited is an oil and gas exploration and production company focused on Central Asia and the Caspian Region with projects in Kazakhstan. Through its subsidiaries, TethysAralGas LLP and Kul-Bas LLP, it operates over four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (449 square kilometers (km2)), Akkulka Exploration License and Contract (827 km2), Akkulka Production Contract (396 km2) and Kul-Bas Exploration and Production Contract (7,632 km2). The Kul-Bas exploration and production contract area surrounds the Akkulka block, which has an exploration area of over 7,632 km2. Kyzyloi and Akkulka gas development fields are tied into the Bukhara-Urals gas pipeline by an over 56-kilometer pipeline owned and built by the Company. The Doris oil field provides over two oil-bearing zones, the lower zone and an upper, lower cretaceous sandstone zone.


TSXV:TPL - Post by User

Bullboard Posts
Comment by swanvestaon Apr 18, 2012 1:51pm
227 Views
Post# 19808513

RE: RE: RE: Very exciting now

RE: RE: RE: Very exciting now

Hi TO1,

You imply current production is limited to around 6000 bopd and indeed the company did say that. But I'm not sure that includes production from AKD06. Or else is this piece from the recent annual information form already out of date?

The Doris (AKD06) appraisal well which targeted primarily the Cretaceous sandstone interval tested at a rate of over 4,300 bopd on a 26mm choke with a flowing tubing head pressure of 12.7 atmospheres (psi 186). The oil was light with a gravity of 0.8 SG (45 degrees API). Flow was restricted for safety reasons but data indicated that the absolute open flow potential is in excess of 6,000 bopd. The well is not tied into the test production facilities and further testing is planned in addition to placing the well on long term test production.

Bullboard Posts