/KASE, May 10, 11/ -Tethys Petroleum Limited (Channel Islands), whose common
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of May 9, 2011:
quote
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today provided
an update on the progress in its Kazakhstan oil appraisal and exploration
activities.
The AKD04 (Dero) appraisal well has now reached total depth of 2,566 metres
and electric logging has been carried out. This well is located on the separate
Dero part of the structure to the east of the AKD01 Doris oil discovery and was
designed to ascertain the potential in the Upper Jurassic carbonate zone and the
edge of the Lower Cretaceous (Aptian) sandstone in this area. Interpretation of
the well data shows both the Jurassic carbonate and the Aptian sand to be
present in the well with both showing indications of hydrocarbons. These two
horizons were the zones that tested oil in the AKD01 well. Preparations are
currently being made to run casing which will be followed by an appropriate
testing programme - following receipt of the usual consents from Kazakh
authorities.
unquote
The full version of this press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_090511.pdf
[2011-05-10]