Mr. Sabin Rossi reports
TETHYS PETROLEUM LIMITED: TAJIKISTAN SEISMIC PROGRAMME COMMENCES
Tethys Petroleum Ltd. has commenced the next phase of its seismic acquisition program planned to identify the location of the first deep well to be drilled.
Tethys, with partners Total and China National Petroleum Corp., together as Bokhtar Operating Company, signed a contract to acquire a large seismic program to add to the surveys already acquired by Tethys. The recording of this new survey has now commenced. Processing of data from the survey will be concurrent so interpretation and mapping will be under way before the end of this year. This data set will assist in the identification of the best-possible location to spud the first deep well by the end of 2015.
Rosemary Johnson Sabine, vice-president of exploration, commented, "Tethys [is] pleased to see the start of this important and technically advanced survey designed to explore this very prospective acreage successfully."
An independent resource report of the Bokhtar production-sharing contract (dated June 30, 2012), prepared by Gustavson Associates, in accordance with Canadian National Instrument 51-101, estimates gross unrisked mean recoverable prospective resources of 27.5 billion barrels of oil equivalent, consisting of 114 trillion cubic feet (3.22 trillion cubic metres) of gas and 8.5 billion barrels of oil.
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