Tethys Reports Danish Duster

Tethys Oil said that its exploration well in Karlebo onshore Zealand in Denmark has been completed. The well was drilled to 2,489 meters, 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.

Tethys Oil is a Swedish company focused on exploration for and production of oil and natural gas. Tethys aims to maintain a well-balanced portfolio of high-risk/high-reward exploration opportunities coupled with lower-risk exploration and appraisal development assets. The company has interests in licenses in Oman, Denmark, Morocco, Spain, Turkey, and France.