09:50 AM EST - Tethys Petroleum Limited : issued a holding statement with regard to oil being encountered in its Tajik exploration well East Olimtoi EOL09. While drilling at a depth of 3,342 metres in sandstones of the Alai formation (a secondary target) there was a strong flow of live oil to the surface accompanied by 33% gas in the drilling mud. After closing of the blowout preventer the well was successfully stabilised and drilling operations have now recommenced. Tethys Petroleum Limited
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