/KASE, May 14, 09/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are listed on the special trading floor of the Regional
Financial Center of Almaty, provided Kazakhstan Stock Exchange (KASE) with
a press release dated May 12, 2009:
Quotation beginning
Tethys Petroleum Limited ("Tethys" of "the Company") (TSX: TPL) is pleased to
inform the company prepared an initial independent report on deposits and
resources of its assets in Tajikistan. These assets belong to a Tethys's
subsidiary - Kulob Petroleum Limited under the Agreement on production division
in Bokhtarskiy region comprising about 34,751 sq. meters at the South West of
Tajikistan. This is the first report made regarding such assets according to
Canadian national standard NI 51-101. The report was prepared by TRACS
International, Great Britain, deposit auditor.
So far, Tethys bored no wells in Tajikistan, the main attention was paid to the
seismic exploration program, which is to be finished in 2009, operation on
active wells, which allowed to receive valuable data regarding prospects of
further boring and limited gas mining.
Conclusions from this report give grounds to strategic plans of Tethys regarding
the beginning of works in Tajikistan and access to larger areas for the purpose
of exploration to prepare potential due to company growth in future, and
creation of conditions for financial flows from explored deposits.
Quotation end
The full version of the press release is available at the KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_120509.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_120509e.pdf - in
English.
[2009-05-14]