Tethys Petroleum falls on mixed drilling results -UPDATE

Tethys Petroleum fell following mixed drilling results on its exploration/appraisal well in the Akkulka Block in Kazakhstan.

Tethys Petroleum fell following mixed drilling results on its exploration/appraisal well in the Akkulka Block in Kazakhstan.

Two reservoirs were found to be water bearing. However, the company also reports that initial drilling and electric log results show potential hydrocarbons in the Jurassic limestone sequence and lower down in a thin Jurassic sandstone near the current total depth of the well.

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