/KASE, December 12, 08/ - Tethys Petroleum Limited (Channel Islands),
common shares of which are included into the official list of the Special Trading
Floor of the Regional Financial Center of Almaty, provided to Kazakhstan Stock
Exchange (KASE) the press release on the following:
Quotation start
Kazakhstan, Bozoi, Tuesday, December 9, 2008: today Tethys Petroleum Limited
("Tethys" or "the Company" (TSX:TPL) today announced the commencement of
exploration well AKD01 in its Akkulka Exploration Block in Kazakhstan.
The deep exploration well AKD01 is targeting large prospective resources of oil,
gas and/or condensate in the Jurassic/Triassic and is being drilled with Tethys's
own rig "Telesto". It is planned to drill and case the first section, whereupon an
international service company may be employed to provide support services to
finish the well, which is planned to take approximately 120 operational days.
Quotation end
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_091208.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_091208e.pdf - in
English.
[2008-12-12]