/KASE, June 18, 08/ - Company 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 KASE the press
release, where informs on the following:
Quotation start
June 18, 2008, Almaty - company Tethys Petroleum Limited (hereinafter
"Tethys" or "Company", Toronto Stock Exchange: TPL; STF RFCA: aGG_TPL_)
announced that on June 13, in Dushanbe the Company made a historical step -
signed first in the history of Tajikistan Production Sharing Contract (PSC).
The Contract was signed by CEO Dr David Robson and Gulov Sherali, the
Minister of Energy and Industry of the Republic of Tajikistan (the State
Authorised Body of the Tajik Government), signed the first ever Production
Sharing Contract (PSC) awarded in Tajikistan.
The awarding of the PSC was the culmination of many months of close
collaboration between Tethys personnel and the Tajikistan government.
The final area awarded to Tethys' subsidiary Kulob Petroleum Limited ("KPL")
under the PSC is almost four times the size that was originally under discussion.
The total net area covered under the PSC is approximately 34,785 km2 (8.6
million acres). The area under the PSC (The "PSC Area") is in the south-western
part of Tajikistan and surrounds and includes the original Kulob Area, a large
highly prospective region which has existing oil and gas discoveries but which
has seen limited exploration to date. The PSC Area includes the Khatlon Region
and the area around the capital city, Dushanbe and includes more than 50
different prospective structures which have already been identified in the area
by Tajik Geology.
Tethys believes that the PSC Area has considerable potential for oil and gas
condensate. The area includes almost the entire Tajik portion of the Afghan-Tajik
basin, an extension of the prolific Amu Darya basin which contains giant and
supergiant gas and gas condensate fields in nearby Turkmenistan and
Uzbekistan.
For additional information, please contact:
Sabin Rossi
Vise-President Investor relations
Tethys Petroleum Limited
TD Canada Trust Tower
161 Bay Street, 27 этаж
Toronto N5J 2S1
Canada
Office: 1 416 572 2065
Fax: 1 416 572 2201
Mobile: 1 617 669 1841
e.mail: info@tethys.gg
website: www.tethyspetroleum.com
In Kazakhstan
Ardak Akanov
managing Director
PG Communications
Almaty, Samal - 2 Business Center Satty
Office phone/fax: +7 (727) 272 88 67, 272 82 37
Email: development@pressclub.kz
Quotation end
The full version of the Tethys Petroleum Limited press release is available on the
KASE website at
http://www.kase.kz/emitters/scan/gg_tpl_/gg_tpl_reliz_180608.pdf
[2008-06-18]