OREANDA-NEWS. December 15, 2008. 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, reported the press-centre of KASE:

Tethys Petroleum Limited ("Tethys" or "the Company" (TSX:TPL) 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.