TPL Tethys

 
TIDMTPL 
 
Tethys Petroleum Limited: Tajikistan Update 
FOR:  TETHYS PETROLEUM LIMITED 
 
TSX, LSE SYMBOL:  TPL 
 
January 9, 2012 
 
Tethys Petroleum Limited: Tajikistan Update 
 
DUSHANBE, TAJIKISTAN--(Marketwire - Jan. 9, 2012) - Tethys Petroleum Limited ("Tethys" or the "Company") 
(TSX:TPL)(LSE:TPL) today provided an update on its activities in Tajikistan and also gave a brief update on oil 
transportation in Kazakhstan. 
 
At the Beshtentak field, work is still ongoing on the BST20 well, which initially tested at rates in excess of 
600 barrels of oil per day (bopd). This well is crestally located approximately half way along the field, which 
is some 12 km (8.8 miles) long. The initial production testing from this well indicated that it was draining a 
separate fault compartment to nearby wells, however recent production performance would indicate possible 
communication with the nearby BST103 well which is producing gas from the field for the city of Kulob, this gas 
being part of the "base level" production on the field assigned to the Tajik State. As a result the BST20 
production is currently restricted and it is planned to acquire additional data to ascertain the extent of any 
possible communication and to ensure that the wells are not adversely affecting each other's production. The 
well will now be further production tested on different regimes to obtain the necessary data to either place 
the well back on production immediately after the work is complete or else to endeavour to seal off any 
communication and then re-establish production. In this case it is likely that production rates will need to be 
restricted to lower levels. Meanwhile two further workover candidates have been identified in other parts of 
the field (away from existing producers), which are interpreted to contain remaining bypassed oil and gas and 
work is progressing to fully assess these interesting opportunities, including potentially the acquisition of 
downhole seismic data. In addition to conducting recompletion work on these two wells it is planned to locate 
potentially one or two new high angle or horizontal crestal development wells, which would have the potential 
to achieve higher production rates than those obtained from the BST20 well. 
 
At Persea, the PER01 well is now cased and awaiting production testing of the Alai zone, which is potentially, 
hydrocarbon bearing from the wireline logs which were run on the well. This testing is likely to be carried out 
later in the year. 
 
At East Olimtoi testing operations will continue on the EOL09 well with plans for stimulation of the Alai 
reservoir and plans to perforate two further zones. The coiled tubing unit necessary to optimally carry out 
this work is now in country but additional parts are still in transit from Uzbekistan and the unit is expected 
to be on-site within the next two months. 
 
The initial analysis of the data from the aerial graviometry survey is now complete and these data reveal 
several attractive areas, which confirm the potential presence of very large deep sub-salt prospects within the 
Bokhtar Production Sharing Contract ("PSC") Area. Further analysis is required to firm up these data to come up 
with a more detailed forward exploration plan. As previously mentioned, Tethys is seeking a farm-in partner to 
work with the Company on this high potential deep exploration programme. Tethys now owns an 85% interest in the 
Bokhtar PSC following the recent acquisition of an additional 34% interest from its partner in the project. 
 
Briefly, in Kazakhstan the weather has improved and trucking of oil to Emba has now recommenced with only a 
short break. It is expected that production will average 2,300 to 2,500 bopd this month. Work is nearly 
complete on the new rail-loading terminal (which will enable a significant increase in oil production) and it 
is expected that it will be officially inaugurated later this month. This terminal will allow production to be 
increased to some 4,000 bopd. 
 
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. This highly prolific oil and gas area is 
rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered 
deposits. 
 
This press release contains "forward-looking information" which may include, but is not limited to, statements 
with respect to our operations. Such forward-looking statements reflect our current views with respect to 
future events and are subject to certain risks, uncertainties and assumptions, the risk that the Company may be 
unable to complete its data and drilling programs within the timeframes contemplated. 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Tethys Petroleum Limited 
Sabin Rossi 
Vice President Investor Relations 
Office: +1 416 572 2065 
+1 416 572 2201 (FAX) 
info@tethyspetroleum.com 
 
OR 
 
In Europe: Tethys Petroleum Limited 
Veronica Zhuvaghena 
Vice President Corporate Communications 
Office: +44 1481 725911 
+44 1481 725922 (FAX) 
www.tethyspetroleum.com 
Mobile site: m.tethyspetroleum.com 
 
OR 
 
In Asia-Pacific: Quam IR 
Anita Wan 
Associate Director 
Office: +852 2217 2999 
+852 2217 2999 (FAX) 
 
 
Tethys Petroleum Limited 
 

Tethys (LSE:TPL)
Historical Stock Chart
From Sep 2024 to Oct 2024

Tethys (LSE:TPL)
Historical Stock Chart
From Oct 2023 to Oct 2024