Sign up USA
Proactive Investors - Run By Investors For Investors

Tethys Petroleum receives state approval for oil reserves at Doris discovery in Kazakhstan

Tethys Petroleum receives state approval for oil reserves at Doris discovery in Kazakhstan

Central Asia-focused Tethys Petroleum (TSX: TPL) said Monday it has received state-approved oil reserves for its Doris oil discovery in Kazakhstan, a step forward in the company's planned pilot production project for the site.

The project is currently under consideration by the Ministry of Oil and Gas and the company expects to receive approval by year-end.

At the company's operations in Kazakhstan, Dodone well preparations are underway for the testing and acidisation of the Upper Jurassic carbonate interval, which will be carried out in conjunction with acidisation of the same interval in the Doris Northwest well, the company said. Testing operations are expected to begin within the next week, with initial results available in November.

The Dione exploration well is currently drilling ahead at a depth of 3,304 metres, and is planned to penetrate the Triassic sequence and reach total depth of some 4,300 metres in the Permo-Carboniferous by mid-November.

In addition, acquisition of the initially planned 290.3 km2 of 3D seismic has now been completed, and the survey has been extended westwards to include the area around the Dodone prospect.

Tethys is focused on oil and gas exploration and production activities in the Republics of Kazakhstan, Tajikistan and Uzbekistan.

In Kazakhstan, Tethys' acreage is located in the northern part of the Ustyurt basin, a triangular shaped geological basin which lies just to the west of the Aral Sea, and with its deepest parts being just south of the company's acreage.

View full TPL profile View Profile


September 19 2016
September 05 2016

Related Articles

range resources well in trinidad
August 16 2018
Infrastructure upgrades at Range’s Beach Marcelle oil field are underway, while two new wells at the project are due to be drilled later this year
July 24 2018
The company is focused in the Wheatland and Princess in Southern Alberta, where it is targeting the Lower Mannville formation
oil and gas operations
May 23 2018
An acreage award in the UK 30th Offshore Licensing Round expands the group's flagship Liberator field

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use