Tethys Petroleum Limited announced the AKD-12 well at Akkulka has been tested and has produced gas at a rate of approximately 29.4
thousand cubic meters per day using a 6mm choke, and approximately 34.5 thousand cubic meters per day using an 8mm choke. The interval perforated was 587.97-592.57 meters. The company is planning to complete the AKD-12 test and then contract this rig to spud the next well at Akkulka in mid-June. This new well will target the same shallow gas zone (approximately 600 meters). The AKD-12 well will not likely go into production until 2022. This well is in a new structure and will require new approvals as well as construction of a new pipeline to the well. The plan is to drill additional offset wells to AKD-12 to develop this new structure. The KBD-03 well drilling is proceeding according to plan and has reached a depth of approximately 1,500 meters. The KBD-06 well drilling has commenced and has reached a depth of 400 meters as of May 24th.