Lithuania shale blow for Tethys

Coming up empty: Tethys in Lithuania shale

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Steve Marshall

 03 August 2012 08:00 GMT

Probe on new potential play comes up dry for Swede

Swedish explorer Tethys Oil has wrapped up a probe targeting a shale prospect in Lithuania after failing to find commercial volumes of oil.

The Skomantai-1  exploration well, drilled to a total depth of 2431 metres, was testing a previously undrilled oil prospect at the onshore Gargzdai licence near producing oilfields, as well as a thick shale layer.

Although oil shows were encountered in the Cambrian prospect, the well failed to deliver the goods due to poor porosity and has been suspended to allow for additional work on the shale section at a later date.

Tethys holds an indirect 25% stake…

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