Acacia Mining Share Discussion Threads

[desert orchid] 20/7/2010 16:07

BOZOI, KAZAKHSTAN--(Marketwire - July 20, 2010) - Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL - News) announced today that work had commenced on the re-entry of well G6 on the Akkulka Block in Kazakhstan, this work being aimed at establishing the potential extent of the Doris oil discovery and associated potential oil accumulations.

Well G6, which is located some 16 km west of the AKD01 Doris discovery well was originally drilled in 2001 by the then contractor on the Akkulka block and was abandoned without running casing or testing (possibly because of lack of funding) following the drillbit becoming stuck in the hole. There were indications of hydrocarbon shows encountered in the well and indeed samples of oil recovered from the well have now been located and analysed showing the same API gravity as the oil recovered from the upper zone in the AKD01 well test. Re-interpretation of the G6 wireline logs based on the data from the recently drilled AKD02 and AKD01 wells shows the possible presence of moveable hydrocarbons in the well, with the upper sandstone reservoir interval being significantly thicker than that encountered in AKD01.

The re-entry of well G6 (well G6RE) is designed to evaluate the two intervals, which were found to be oil-bearing in AKD01 and to test these intervals. The well is planned to reach a total depth of 2,400 metres, sidetracking around the stuck drillbit, and then casing will be run to test both zones. It is likely that operations will take until early September. The presence of commercial oil flow from the G6RE well (on a separate prospect to Doris now named "Dodone") would significantly increase the potential size of the oil accumulations associated with the Doris oil discovery along the southern flank of the Akkulka high. Work on the Doris appraisal and related exploration programme has been proceeding slightly slower than planned due to some local issues with equipment and bad weather causing some challenges in logistics but these issues have now been addressed and the programme is now moving ahead.

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including the risks relating to regulatory approvals and of sufficiency of the proceeds for the purposes contemplated. See the description of risks and uncertainties and underlying factors and assumptions relevant to the offering and "forward looking information" contained herein and to the Company's business, including its exploration and development activities, contained in the Annual Information Form dated March 31, 2010 and other corporate filings (which are incorporated herein by reference). The "forward looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

Contact:

Sabin Rossi
Tethys Petroleum Limited
Vice President Investor Relations
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.tethyspetroleum.com

PG Communications
In Kazakhstan
Ardak Akanov, Managing Director
[phone], [phone], [phone]
[phone], [phone], [phone] (FAX)
Email: [e-mail]

Quam IR
In Asia-Pacific
Anita Wan, Associate Director
+ (852) 2217-2999
+ (852) 2217-2999 (FAX)
Email: [e-mail]

[jon b] 22/6/2010 20:42

Hi, I have had 1 solitary share in Denby holdings since the wipeout of Atlantic Caspian sitting in my account for 7 years.........

I presume this has no value, are they even listed/tradeable. Even if I could tade it the cost of trading would probably dwarf the value....

Any Ideas how i go about 'realising' the loss to offset against gains i have made elsewhere this year.

Thanks

[desert orchid] 08/6/2010 01:03

29-12-2009 First notification of strike-off action in London Gazette (Section 652)

[crystalclear] 24/5/2010 21:36

Nope
They should send me annual reports but they don't.
I think that is criminal, but that's the ACA way.

[bacardi] 17/5/2010 18:18

hi has any body got any up to date info on ACA please

[canford c1iffs] 27/2/2010 13:25

hello all from the class of 2002 - I met up with Pete on the TOM thread recently, we are both hopeful of getting some of our ACA losses back from TOM - dyor

[desert orchid] 09/2/2010 22:06

I think this is the old G9 that ACR started to drill.


On Feb 08, 2010 Tethys Petroleum Limited recently announced the initial results of testing on the upper zone of the AKD01 oil discovery in Kazakhstan. The upper zone flowed oil at a restricted rate of over 5,400 barrels per day. Combined with the recent testing on the lower zone the AKD01 well has now flowed oil at a combined rate in excess of 6,800 barrels per day. "The test results on the upper zone of AKD01 show tremendous potential." commented Dr. David Robson, CEO of Tethys. "Together with the positive results on the testing of the lower zone combined production rates are extremely encouraging and this discovery marks a significant step forward in the Company's development. We believe this is the first oil discovery in this part of Kazakhstan and these results open up an area of substantial potential in our Akkulka and Kul-Bas blocks where we have further attractive prospects.

Reservoir quality in the upper zone appears very good as does the quality of the produced oil which bodes well for the development of this discovery, as well as the relatively shallow depth of the producing zones. With bigger production tubing and more surface storage it is likely that significantly higher flow rates could be achieved. It is still too early to assess the full potential of this exploration oil discovery but the initial results are very promising and we look forward to an exciting appraisal program and ultimately the development of this discovery."

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

[fairfax ache] 30/10/2009 08:27

I see from his website that his wife died last year.

Condolences to you John for your loss.

[undertaker] 01/9/2009 13:41

John Size can be found here:

[knickers2] 16/7/2009 22:02

Irrespective of what it is worth, and I see the 2007 accounts on front of me
suggesting 100 million plus net worth and that the company made 1.4m dollars
in 2007, on the interest.

It's all very mysterious.

I can't even remember how many shares I have got, or in what name,
and why they have me on their register in some company probably a
firm of solicitors, in Milton Keynes, reg number 02217532 first in 1988.

Atlantic Caspian is 06003291 and companies office shows name change
to Denby Investments (uk) ltd

[fairfax ache] 16/6/2009 10:35

It's worth Faaaaaark all. Fairfax Ache.

[bryan10] 10/4/2009 13:55

so the one share i recieved from the consolidation is now valueless

[fairfax ache] 25/2/2009 02:30

youngferret21 - What are you on about? These were diluted to nothing for existing holders. They are worth nothing and will always be of no value; regardless of Tethys successes and failures.

[youngferret21] 20/2/2009 19:16

Does John Size still frequent these boards? he was into these big time and new a lot about them. I hold a very small qty on paper, will we ever see any cash?

I,m in TMC now and hope that news of the possible takeover comes soon, these will rocket when that happens.

Would be nice to see John Size return.

Ferret

[desert orchid] 14/1/2009 18:16

Hi Crystalclear
Accounting Reference Date: 31/12
Last Accounts Made Up To: 31/12/2007 (GROUP)
Next Accounts Due: 31/07/2009
Last Return Made Up To: 02/06/2008
Next Return Due: 30/06/2009


thats all I could find

[desert orchid] 08/1/2009 18:38

Tethys rig in trouble already.

The AKD01 deep exploration well on the Akkulka Block has commenced drilling but extreme weather conditions has slowed down activities. In addition during shake down testing of the drilling system it has become necessary to replace certain components which are now being supplied from the factory. As this is a new rig, and the AKD01 well is the first well drilled by this unit, such run-in problems might be expected but as the Company is drilling the first section of this well without external services such delays are at minimal cost

[crystalclear] 07/1/2009 15:07

Remind me, when was the last annual report and accounts?

[crystalclear] 07/1/2009 15:07

Remind me, when was the last annual report and accounts?

[eastender boy] 29/12/2008 13:17

Keep posting Desert....
Happy new year..

[desert orchid] 10/12/2008 13:41

Well we shall see , the deep well was what kept a lot of us interested for a long time . Not to happy about tethys using the "Telesto" rig . Could be G6 part 2.
Merry Christmas all.

[desert orchid] 06/5/2008 22:09

Ex-pottery chief loses thousands in legal saga
By Diana Henderson
Comment
Former Poole Dolphin Quays' boss Peter Mills is tens of thousands of pounds out of pocket after winning a court case but losing a claim for costs.

"It's not about justice. It tends to be about the technicalities of law," said the businessman after his Court of Appeal case was dismissed.

In the latest twist in this long saga, the former chief executive of the Quays Group, the company behind the troubled waterside development, won an action brought by the receivers over an apartment in the exclusive development.

Orb Estates, which sold its interest in Dolphin Quays to Dolphin Quays Development Ltd, sold Mr Mills a flat for £650,000, as part of a £1.85 million debt owed to him by Orb.

The empire crumbled in 2003 and administrators were appointed. After the flat was sold for only £495,000, receivers sought the £155,000 balance from Mr Mills, who was also a former boss of Poole Pottery. In April 2006, Deputy Judge Peter Leaver QC upheld Mills's defence that the flat had been intended to settle part of the debt and the receivers were not entitled to damages.

However he did not order the receivers to pay the winner's legal costs. The Chancellor of the High Court refused Mr Mills's application for costs and now he has lost a Court of Appeal lawsuit challenging that decision.

"The amount of costs which Mr Mills claimed was some £60,000, and the combined costs of the application and of this appeal are far in excess of that sum," said Lord Justice Lawrence Collins in his judgement.

In his appeal, Mr Mills's counsel, Gabriel Moss QC, said the Chancellor had "wrongly exercised" his discretion and had caused "manifest injustice" to his client.

Lord Justice Collins said this case would not have come about had Mr Mills been advised at an early stage to take the "prudent routine step" of invoking the court's discretion to make an order for security of costs.

"I am considering my position at the moment," said Mr Mills, who is based in Chepstow. "It's a very costly exercise. Hopefully it will come right in the end."

He maintains that Dolphin Quays, built on the site of the old Poole Pottery factory, which was rescued and completed by new owners, was a success.

"We sold 85 per cent off-plan. It was a very successful development. The only reason Dolphin Quays went wrong was its association with the Orb Group and what happened with the Izodia situation," he said.

Orb director Gerald Smith acquired the largest stake in failed dot-com company Izodia and diverted cash for his own use. In 2006 he was jailed for eight years and ordered to repay almost £41 million.

7:00pm today

[p65997] 11/4/2008 18:13

Hi CC

Sorry, I hardly ever look in here now - I only get depressed! In fact, I wouldn't be here now except that my GOO shares are exprected to rise this year sometime and I may be looking to use ACA as a means to reduce CGT.
I didn't go to the AGM and I don't know what happened either. I shall probably go quiet for another 12 months unless anything spectacular happens which is very unlikely. Just another story of a bunch of crooks shafting the punters and nobody willing to bring anyone to justice (imo).
We may get something out of Tethys but we'll still be at the very bottom of any pecking order of priority list, so i'm not holding my breath.
Regards
Pete

[desert orchid] 01/4/2008 13:09

Terhys latest

Operations Update

Kazakhstan

Kyzyloi Field

Current sales gas production from the Kyzyloi Field into the Bukhara-Urals trunkline is approximately 20.5 million cubic feet (MMcf) (580 thousand cubic metres (Mcm)) of gas per day with the field being closely monitored during this start-up period. The six currently producing wells are presently performing well and independent analysis of the pressure data and production history shows that they have achieved pseudo-steady state with a drainage radius per well of over 1,000 acres (4.05 km2) and the potential for increased deliverability. Using these data, work on increasing gas production in the short-term is underway with the Company having retained an experienced field facilities engineer to increase production from the wells, reduce frictional losses in the pipeline and to optimize compression throughput.

The Company is also in the process of adding additional production wells in the Kyzyloi Field by working over and re-completion of old exploration wells drilled on the field in the past. The G12 well successfully tested gas at a rate of 5.9 MMcf/d (167 Mcm/d) on a 60/64 in (24 mm) choke with a flowing tubing head pressure of 30 psig. The G16 well is currently being tested with gas to surface but the flow rate has not yet been measured. These wells will be tied into the Kyzyloi development later this year to maintain the field plateau rate.

In addition a Vertical Seismic Profile ("VSP") was undertaken in the G12 well prior to testing in order to better calibrate the surface seismic data at shallow levels and to provide data for a full AVO study designed to provide new information to reduce risk in drilling of future exploration, appraisal and development wells in the Kyzyloi, Akkulka and Kul-Bas areas by assisting in the identification of new gas pools.

Akkulka Block

Drilling of the AKK14 central Akkulka exploration well has now been completed and testing is currently underway. This well was drilled to the east of the recent AKK13 gas discovery on a separate prospect and was designed to evaluate both the Kyzyloi sand interval (the producing zone in the Kyzyloi Field) and the deeper Tasaran sand. Gas has been flowed to surface and the testing program is well advanced, with final results expected within the next few days.

Plans for the development of the new discoveries made on the Akkulka block is progressing, with line pipe now having been ordered and with construction of the tie-in pipelines planned for this summer. It is planned to tie-in the AKK04, 05, 09, 11, 12 and 13 wells to the Kyzyloi export system as the second phase of the Greater Kyzyloi development with Phase 2 production planned to commence by the end of this year with target production from the Greater Kyzyloi development being estimated at 44 MMcf/d (1,246 Mcm/d). Additional compression has been ordered from Tethys' Chinese suppliers and work is underway to optimize the final design of these compressors and their location in the system taking into account the production history to date from the Kyzyloi Field itself.

Work on the deep drilling program is progressing with final mapping of the deeper structure now been undertaken utilizing both the recently acquired surface seismic data and the VSP data acquired in the G6 well. A robust structure has been identified for the first deep well on the Akkulka block planned to spud in the summer. The robust structure founded on an old inverted high, to the south east of the proven shallow gas fields of Kyzyloi and Akkulka is less faulted than the main high under these fields. The well is planned to drill to a total depth ("TD") of 14,760ft (4,500m) and will target lower Jurassic and Triassic sandstones. Given the location of this target and having carried out a detailed cost benefit and risk analysis of the merits of re-entering, sidetracking and deepening the G6 well to this target against drilling a new vertical well from surface, given that Tethys will be using its own deep drilling rig, it has been decided to drill a new well with the drilling program scheduled for some 120 days to reach TD.

Kul-Bas Block

The first shallow gas exploration well on the Kul-Bas block is expected to spud shortly after testing is completed on the AKK14 well and the rig mobilized. This well (KUL01) will target a Kyzyloi sand target located in the southern part of the Kul-Bas block, relatively close to the compressor station.

The new seismic mapping and analysis over the Kul-Bas block continues with the aim of firming up additional shallow gas prospects and also deep prospects in the lower Jurassic and Triassic similar to Akkulka. Several prospects and leads have been identified and are being worked up with plans to commence deep drilling on this block late 2008 / early 2009 potentially following on from the first deep Akkulka well. The first 20% relinquishment of the block has now taken place (subject to final State confirmation) and Tethys would like to ensure as much of the remaining acreage is evaluated prior to the next 20% mandatory relinquishment due at the end of this year.

Tajikistan

Following comprehensive negotiations with the Tajik government the amendments to Tajik legislation necessary to enable the effective operation of production sharing agreements ("PSAs") has now been agreed and will be submitted to the Tajik Parliament for approval shortly. Negotiations predicated on these amendments have also been proceeding on the PSA for the Kulob Area of Southern Tajikistan. Tethys hopes that the amendments will be passed soon and that this will lead to the PSA itself being signed within the next three months.

Meanwhile work is proceeding under the Investment Operating Agreement ("IOA") on the Beshtentak Field. Work on the first well (Beshtentak #86) has already commenced. Mobilization of modern perforating equipment to the site took some time, as did supply of tubing and related well equipment and supplies as the local equipment was not judged suitable for the works. The Company believes that this is the first work undertaken by an international oil company in Tajikistan and clearly involves significant logistical challenges. In addition the unusually extreme and cold weather experienced in Tajikistan this winter hampered mobilization of the equipment and as such works on the first well have not yet been completed but significant reservoir data has already been obtained which should assist in the future re-development program for the field. In addition to workovers consideration is been given to the drilling of horizontal wells in this fractured carbonate reservoir where such techniques are generally effective.

Dr. David Robson, Chairman, President and Chief Executive Officer of Tethys commented "The Company has made very good progress since our IPO in June. We have brought on stream what we believe to be the first privately funded dry gas development in Kazakhstan with one of the first tie-ins to one of Central Asia's major gas export trunklines. We have explored for and discovered more gas, and our new seismic data and analysis gives us high hopes of finding much more. We are now moving forward to double our gas production, all of this in an environment of rapidly increasing gas prices and additional export markets for our production. We will shortly have our own deep drilling capability which will enable us to explore for the significant upside potential we see in the deeper horizons on the Akkulka and Kul-Bas Blocks. We are fully up to date with our commitments on our contracts in Kazakhstan, and having built a core team of highly experienced professionals we see additional opportunities for Tethys in Kazakhstan and in the region in general. Our commercial team have been working hard in Tajikistan on what will be the first PSA in that country and although this has taken some time, we believe that we are now close to achieving our objective and acquiring a PSA for the extremely attractive Kulob Area where we are now learning much more about the reservoirs and how to operate in Tajikistan, as the first international company to start well operations in that country. I look forward to the next year with great excitement and to achieving our objectives."

Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republic of Kazakhstan and more recently the Republic of Tajikistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.