Grand Cayman, Cayman Islands--(Newsfile Corp. - July 17, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a … I also congratulate our existing staff on their promotions and new roles - which I am sure that they will excel in.
However the upper reservoir unit in this well, which is of good quality, appears to be water bearing and close examination of the existing seismic data utilising the well results indicates some possible faulting between the two locations. The similarity of the carbonate section to the G6 well drilled some 14 km to the south-west is also encouraging - this section was not tested when this well was drilled some years ago. The indications of oil in the carbonate sequence do not definitively prove that the well will flow oil on test, nor that any flow would be in commercial quantities. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The Company operates through three segments: Kazakhstan, Tajikistan and Georgia. Tethys Oil’s IR work is guided by principles of regular and correct disclosure of information. The planned gas exploration wells are typically 600-800 meters measured depth and will take up to three weeks each to drill. The company’s shares are listed on Nasdaq Stockholm (TETY). To summarise; more work is required, but right now we are optimistic of success. The Company is pleased to announce the appointment of Mark Sarssam as Vice President Petroleum Development, based in the Company's new … The Kazakhstan segment includes the subsidiaries TethysAralGas LLP and Kul-Bas LLP, under four contracts in the North Ustyurt basin to t The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Website: www.tethysoil.com 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. BOZOI, KAZAKHSTAN, Jun 23, 2010 (MARKETWIRE via COMTEX) --Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today announced the initial results from the AKD02 (Doris) appraisal well on the Akkulka Block in Kazakhstan.Based on the interpretation of wireline logs and core data, oil has been encountered in the Jurassic carbonate sequence that proved productive in the AKD01 (Doris) discovery well drilled approximately 4 km to the south-east. Website: www.tethysoil.com Contacts: Tethys Petroleum Limited Sabin Rossi Vice President Investor Relations +1 416 572 2065 +1 416 572 2201 (FAX) info@tethyspetroleum.com www.tethyspetroleum.com Prior to his work with Dragon Oil, Mark was employed by Shell as a Senior Reservoir Engineer and Field Leader, working in Oman (Petroleum Development of Oman) and in Brunei. Mark will be responsible for petroleum engineering, development and related activities aimed at achieving optimum production, reservoir evaluation and reserve definition of the Company's properties in Central Asia.In addition Veronica Zhuvaghena, previously the Company's Manager, Corporate Communications, has been promoted to the position of Vice President Communications, based in the Company's London office and responsible for communicating the Company's message to external audiences and stakeholders.The overall reporting structure of the Company has also been streamlined to cope with the increasing demands on the organisation with the Company's increased activities in Central Asia. The company currently operated in Kazakhstan and Georgia. She had previously worked in senior roles with ITE Group Plc where she was involved in business development, external relations and in organising government-led oil and gas trade shows and events in Azerbaijan, Georgia, Kazakhstan, Russia, Turkey, Turkmenistan & Uzbekistan as well as developing close working relationships with Ministries and governments in the fSU countries. GRAND CAYMAN, CAYMAN ISLANDS, Apr 11, 2011 (MARKETWIRE via COMTEX) --Tethys Petroleum Limited ("Tethys" or the "Company" (TSX: TPL) today announced certain organisational changes within the Company.The Company is pleased to announce the appointment of Mark Sarssam as Vice President Petroleum Development, based in the Company's new operations and technical office in Dubai, UAE. We await the results of the flow test and sidetrack to confirm our understanding but we are hopeful that the results of this will be to confirm the extent of the oil accumulation discovered by AKD01 in this direction.
Based on current plans it is likely that the initial well test results will be available within the next month.Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan.
Tethys' principal activity is the acquisition of and exploration and development of crude oil and natural gas field. Before this Mark worked for Final Exploration and Amerada Hess on North Sea projects. Welcome to the Tethys Oil’s investor relations pages. INVESTOR RELATIONS. Welcome to the Tethys Oil’s investor relations pages. These are relatively low risk targets and of the last 13 shallow exploration wells previously drilled by Tethys in the Akkulka Block, 11 tested commercial gas. Tethys Petroleum Limited is an oil and gas exploration and production company focused on projects in Central Asia and the Caspian Region. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including the risks relating to regulatory approvals and of sufficiency of the proceeds for the purposes contemplated. The shares are listed on NASDAQ Stockholm (TETY). Employed since 2011. Description: Tethys Petroleum Ltd is an oil and gas exploration and production company.
This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.See our Annual Information Form for the year ended December 31, 2010 and other filings for a description of risks and uncertainties relevant to our business including our exploration and development activities.Contacts: Tethys Petroleum Limited Sabin Rossi Vice President Investor Relations +1 416 572 2065 +1 416 572 2201 (FAX)