Tethys Petroleum reports a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report.

The upgrade in oil reserves comes as a result of the successful 2011 Kazakhstan drilling campaign including the Doris appraisal wells AKD05 and AKD06, and the successful AKD03 exploration well, which discovered the Dione field.

The extensive remodeling work subsequently carried out has provided invaluable data that points to a stratigraphic channel model for the Cretaceous sandstone rather than a simple structural model. The validation of this model through further appraisal success would result in a very significant further upgrade in the reserves.

Tags: Tethys Petroleum Limited