Kul–Bas Block

The Kul–Bas Exploration and Production Contract area surrounds the Akkulka Block and has similar geological, tectonic and structural features to the Akkulka Block.

 

The Company considers this large area to be under–explored, only being subject to regional magnetic, gravity and seismic surveys in the Soviet–era with limited stratigraphic wells (i.e. very shallow in the southern part surrounding Akkulka Block).

 

Tethys has made a preliminary assessment of the 1995–1996 vintage JNOC 2D seismic data.  The Company considers prospective horizons to be similar to Akkulka with the possible addition of a Palaeozoic play in the northwest of the block, where sedimentary cover thins and source rock maturity and reservoir properties would in their view most likely have been preserved.  BNM has engaged a seismic contractor to acquire additional data on the Kul–Bas Block, and work on this expected to commence in May 2007.