No Gas Discovery For Tethys Oil in Denmark

Friday, November 17, 2006

The exploration well in Karlebo onshore Zealand in Denmark has been completed. The well was drilled to 2,489 metres and logging operations have been carried out. No significant amounts of hydrocarbons have been detected. The well will be plugged and abandoned.

More detailed analysis of all available data will be carried out before a decision about any future work in the area can be taken.

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