Oil and Gas

Tethys Petroleum Limited (TSX:TPL) reported that the company had commenced drilling the AKD03 (Dione) exploration well in Kazakhstan.

Tethys Petroleum Limited (TSX:TPL) reported that the company had commenced drilling the AKD03 (Dione) exploration well in Kazakhstan.

The press release is quoted as saying:

Tethys’ ZJ70 rig “Telesto” has commenced drilling on an attractive exploration prospect which is located nearby to, and south-west of, the Doris oil discovery. This well is planned to target both the Cretaceous and Jurassic intervals where oil has been flowed in the Doris oil discovery at a combined rate of in excess of over 6,800 barrels of oil per day, and also plans to target the deeper Triassic and Permo-Carboniferous intervals that were not tested in the oil discovery well and are believed to have further potential. Further exploration drilling on the Akkulka block and on large surrounding Kul-Bas block is then planned.

Click here to access the entire press release

Click here to access Tethys Petroleum Limited Corporate Site

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