Tethys Petroleum Limited: Tajikistan-Beshtentak Well Flows Over 500 Barrels of Oil per Day

Tethys Petroleum Limited (TSX:TPL) reported that the workover of the BST20 well in the Beshtentak oilfield in Tajikistan.

As quoted in the press release:

Beshtentak well BST20 has recently been worked over by applying modern perforating and acidisation techniques and applying natural gas lift. The well has tested oil at a rate of 533 barrels of oil per day (“bopd”), accompanied by 12,500 cubic metres (441 thousand cubic feet) of gas per day on a restricted choke (10 mm – 25/64 inch) with a flowing tubing head pressure of 26 atmospheres (377 psi).

Tethys Petroleum’s Chief Operating Officer, Graham Wall commented:

“We are very pleased with the performance of this well. By applying more modern techniques and technology we have achieved good oil flow at low cost adding immediately to our cash flow. We are working on a short-term program to convert further prospective resources into reserves. We have our own trucking capacity available in the country and we are planning for further work on the field once the results of this well are fully analysed.”

Click here to read the Tethys Petroleum Limited (TSX:TPL) press release