/KASE, April 9, 10/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are present in Kazakhstan Stock Exchange (KASE) official list,
provided to KASE the following press release of March 31, 2010:
quotation starts
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) today
announced its Annual Results for the period ended December 31, 2009. The full
Annual Results together with a Management Discussion & Analysis have been
filed with the Canadian securities regulatory authorities. Tethys also announced
that it has filed its Annual Information Form ("AIF") which contains reserves
data and other information about the Company for the period ended December 31,
2009, and the reports as mandated by National Instrument 51-101. Copies of the
filed documents may be obtained via SEDAR at www.sedar.com or on Tethys'
website at www.tethyspetroleum.com. The summary financial statements are
attached to this press release.
In 2009 the Company prepared its first financial statements under International
Financial Reporting Standards ("IFRS") instead of US GAAP, resulting in a re-
statement of 2008 comparatives.
Highlights
- The Company generated revenues from gas and oil sales of US$8.59 million
in the year ended December 31, 2009 compared to US$5.36 million in the
year ended December 31, 2008.
- The Company recorded a net loss of US$21.506 million in the year ended
December 31, 2009 compared to a net loss of US$22.184 million in the year
ended December 31, 2008.
- Capital expenditure in the year ended December 31, 2009 was US$32.221
compared to US$42.807 million in the year ended December 31, 2008.
- Operating costs in the year ended December 31, 2009 were US$3.405
million compared to US$1.334 million in the year ended December 31, 2008
reflecting the additional operating costs from the Uzbekistan acquisition.
- General and Administrative costs in the year ended December 31, 2009 were
US$16.880 million compared to US$17.915 million in the year ended
December 31, 2008.
For details, please, contact:
Sabin Rossi
Vice-president Investor Relations
Tethys Petroleum Limited
TD Canada Trust Tower
161 Bay Street, 27th Floor
Toronto N5J 2S1 Canada
Office: +1 416 572 2065
Fax: +1 416 572 2201
E-mail: info@tethyspetroleum.com
Website: www.tethyspetroleum.com
In Kazakhstan
Ardak Akanov
Managing Director
PG Communications
Kazakhstan, Almaty, Samal-2, Business-center Satti
Office phone/fax: +7 (727) 272 8867, +7 (727) 272 8237, +7 (727) 272 7745
E-mail: development@pressclub.kz
Asian-Pacific region:
Anita Wan
CEO Assistant
Quam IR
3/F Fung House, 19-20 Connaught Road Central, Hong Kong SAR, PRC
Office phone/fax: + (852) 2217-2999
E-mail: anita.wan@quamgroup.com
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The press release full version is available on KASE website
at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_090410.pdf
[2010-04-09]