Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/tethys-petroleum-awarded-15-year-extension-to-kyzy.shtmlTethys Petroleum awarded 15 year extension to Kyzyloi Gas contract
Tethys Petroleum Limited, following on from the recently announced Kazakh State Reserves Committee (GKZ) approval, confirmed that
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Tethys Petroleum Limited, following on from the recently announced Kazakh State Reserves Committee (GKZ) approval, confirmed that it has received approval from the Ministry of Oil & Gas of the Republic of Kazakhstan (MOG) for the extension its Kyzyloi Production Contract for a further 15 years to June 2029.
The Contract Area currently covers some 287 km2 (70,918 acres), and the Company is currently producing gas from the shallow Kyzyloi sandstone in this area. This Contract extension will give Tethys significantly more time to produce natural gas from this attractive area.
