The Persea 1 well has been drilled some 5km from the town of Kurgan Teppa reached a total depth of 2,655 metres.
The wire line logs show hydrocarbons within a mixed sandstone and carbonate sequence assigned to the Alai formation, similar to that about to be tested in the East Olimtoi (EOL09 well).
Because of hole stability issues the section was drilled with relatively high mud weights which tends to mask hydrocarbon shows whilst drilling.
Tethys will now run a 7-inch liner in preparation for a production test with the aim of establishing commercial flow of hydrocarbons from this zone.
The actual testing early next year and will be financed by internally generated cash flow.
