Tethys Petroleum Announces Kazakhstan Oil Resource Upgrade

Tethys Petroleum has received an updated oil Resource Report For its Kazakhstan Assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 Billion barrels of oil, the company reported in a news release. The Resource report also shows a substantial amount of prospective gas resources.

The Next appraisal/exploration well, AKD07, Is expected to spud mid-­‐year 2012 And will be located to the south-­‐east of the original AKD01(Doris) Discovery well and will target 3P Reserves at the Cretaceous Aptian Sand level in what is believed to be a channel sand system, whilst simultaneously targeting the Dyna Prospect (128 Million Barrels mean unrisked Prospective Resources) which is shallower and is interpreted to be part of a different, larger sand fan system.

It is also targeting a third target, a Jurassic Sand similar to the horizon that tested oil in the AKD03 Exploration well. To date, over 13,000 Bopd have been tested from exploration and appraisal wells in and around the Doris Oil discovery.

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