Tethys Petroleum has received an updated Oil Resource Report for a new prospect in Kazakhstan with total Unrisked Mean Recoverable Oil Resources being estimated independently at over 400 million barrels.

The report was commissioned on the "Klymene" prospect which is located in the Kul-Bas Exploration and Production Contract to the west of the current producing assets in the Akkulka Exploration Contract. The prospect was identified from recently acquired and interpreted seismic and indicates a four-way closure with bright spots at 2 of 3 prospective stratigraphic levels within the Cretaceous and Jurassic sequence, both of which are productive in the Company's Doris oilfield some 60 km to the east.

Tags: Tethys Petroleum Limited