Tethys discovers gas at AKK13 well in Kazakhstan

Tethys Petroleum Ltd. has discovered gas at the Akkulka AKK13 exploration well in Kazakhstan.

Offshore staff

TORONTO, Ontario -- Tethys Petroleum Ltd. has discovered gas at the Akkulka AKK13 exploration well in Kazakhstan.

AKK13 was drilled 3.6 mi (5.7 km) northwest of AKK12 to TD 1,910 ft (582 m). The well was perforated over a 20 ft (6 m) interval between 1,621 ft (494 m) and 1,641 ft (500 m).

Stabilized flow rates from AKK13 have been calculated at 4.036 MMcf/d (114.27 Mcm/d) of gas.

The production zone is analogous to the neighboring Kyzyloi field, and the recent AKK09 and AKK11 discoveries, Tethys says. The AKK13 accumulation is separate but similar to the AKK11 well.

The total gas flow rate of the Akkulka wells drilled by Tethys to date is 44.8 MMcf/d (1.27 MMcm/d).

The rig is being mobilized to the AKK14 location east of AKK13.

1/18/2008

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