• The Thameen-1 well on Block 49 did not flow hydrocarbons to surface on test. However log interpretation now suggests the well has encountered a gross column of ~40 m.
• The results far exceeds the company’s pre-drill expectations. Recall that the main risk of this well was the presence of hydrocarbons. This has now been addressed and the well opens-up a potential new hydrocarbon area.
• Achieving a flow rate from an onshore well in Oman has historically often required further work (as illustra ....

25 Mar 2021
Tethys Oil AB (SSE: TETY): No flow at Thameen-1 but the well results unlock further activities on the block

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Tethys Oil AB (SSE: TETY): No flow at Thameen-1 but the well results unlock further activities on the block
• The Thameen-1 well on Block 49 did not flow hydrocarbons to surface on test. However log interpretation now suggests the well has encountered a gross column of ~40 m.
• The results far exceeds the company’s pre-drill expectations. Recall that the main risk of this well was the presence of hydrocarbons. This has now been addressed and the well opens-up a potential new hydrocarbon area.
• Achieving a flow rate from an onshore well in Oman has historically often required further work (as illustra ....