Tethys Petroleum Ltd

XTSX:TPL

Tethys Petroleum Ltd. engages in the exploration, development, and production of oil and natural gas resources. The company operates through its wholly owned subsidiaries, TethysAralGas LLP and Kul-Bas LLP, over four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. The company has an interest in the Kyzyloi production contract, Akkulka exploration license and contract, Akkulka production contract and Kul-Bas exploration and production contract. The Kul-Bas exploration and production contract area surrounds the Akkulka block, which has an exploration area of approximately 7,632 square kilometers. The Kyzyloi and Akkulka gas development fields are tied into the Bukhara-Urals gas pipeline by an over 56-kilometer pipeline owned and built by the Company. The Doris oil field provides over two oil-bearing zones, the lower zone being an Upper Jurassic carbonate sequence at approximately 2,355 meters and an upper, lower cretaceous sandstone zone at over 2,174 meters.