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Tethys Petroleum Reports Progress with Kazakhstan Wells

Tethys Petroleum Ltd (TPL.TO) said its Kalypso exploration well drilled in the Kul-Bas block in Kazakhstan has now reached a total depth in what is initially interpreted to be rocks of Carboniferous age with hydrocarbon shows during drilling.

Additional testing is planned although that work will first require receiving approvals from Kazakh authorities, a process that could take two months. Tethys also said its AKD06 Doris oil appraisal well elsewhere in Kazakhstan is drilling ahead at a depth of 1,755 metres towards the Aptian sandstone target.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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