/KASE, April 12, 11/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are officially listed on Kazakhstan Stock Exchange (KASE),
provided to KASE the following press release of April 11, 2011:
quotation
Tethys Petroleum Limited ("Tethys" or the "Company" (TSX: TPL) today
announced certain organisational changes within the Company.
The Company is pleased to announce the appointment of Mark Sarssam as Vice
President Petroleum Development, based in the Company's new operations and
technical office in Dubai, UAE. Marks appointment will strengthen the technical
department at a time when there is an increased level of drilling activity in
the Company, particularly with regard to the Company's exciting Doris oil
development and related exploration and appraisal project in Kazakhstan. Mark
will join the Company on April 17, 2011, and more details of Mark's experience
and career to date are outlined below. Mark will be responsible for petroleum
engineering, development and related activities aimed at achieving optimum
production, reservoir evaluation and reserve definition of the Company's
properties in Central Asia.
In addition Veronica Zhuvaghena, previously the Company's Manager, Corporate
Communications, has been promoted to the position of Vice President
Communications, based in the Company's London office and responsible for
communicating the Company's message to external audiences and stakeholders.
The overall reporting structure of the Company has also been streamlined to
cope with the increasing demands on the organisation with the Company's
increased activities in Central Asia. There are now three functional groups,
namely Finance, Corporate and Technical/Commercial. Finance is headed by
Chief Financial Officer and Finance Director Bernard Murphy, Corporate is
headed by Liz Landles, Executive Director and now promoted to the position
of Chief Administrative Officer, and Technical/Commercial is headed by Chief
Commercial Officer Julian Hammond who was recently also promoted to the
position of Deputy Chief Executive Officer.
Dr David Robson, Chairman, President and Chief Executive Officer of the
Company commented, "We are delighted that Mark has joined the company and
stress how very pleased we are to have such a professional, experienced and
well-respected petroleum engineer joining us. The other internal organisational
changes improve the efficiency of the Company as it moves forward with its
increased levels of activities on its successful projects in Central Asia -
particularly the Doris oil development and the ongoing exciting exploration
and appraisal programme in that area which will hopefully yield additional
discoveries of oil and increase the Company's asset base. We are confident
as to our operations in all of the areas in which we operate, with Tethys'
unique blend of high potential exploration, development and production in the
prolific Central Asian area. I also congratulate our existing staff on their
promotions and new roles - which I am sure that they will excel in. We believe
that Tethys is the fastest growing independent oil and gas company in Central
Asia and with our great team I am confident that we will achieve our goal of
adding real value to the Company and to our shareholders!"
ends
The press release full version is available on KASE website at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_110411.pdf
[2011-04-12]