/KASE, August 18, 11/ - Tethys Petroleum Limited (Channel Islands), whose
common shares are officially listed at Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release of August 15, 2011:
quote
Tethys Petroleum Limited ("Tethys" or the "Company" (TSX: TPL, LSE:TPL) today
announced its second quarter results for the period ended June 30, 2011. The
second quarter results together with a Management Discussion & Analysis have
been filed with the Canadian securities regulatory authorities. 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.
The Company reports financial results in accordance with International Financial
Reporting Standards (IFRS).
Highlights
- Production revenuesfor the six months to June 30, 2011 from Kazakhstan and
Uzbekistan totaled some USD8.657 m compared to USD8.146 m for the same period
in 2010, representing a six per cent increase.
- Other operating revenues made up USD8.991 m compared to nil in the same period
of 2010.
- Net loss was USD8.991 million compared to USD11.321 m in the same period of
2010.
- Capital expenditure, excluding the joint venture in Tajikistan, in the six
months ended June 30, 2011 was USD25.686 million compared to USD11.759 m in
the six months ended June 30, 2010.
- The average oil and gas production per production day for the six months ended
June 30, 2011 was 5,566 boe/d compared to 3,476 boe/d in the same period of
2010.
- Total assets at June 30, 2011 were USD261.144 million compared to USD184.082 m
at June 30, 2010.
- Cash balance at June 30, 2011 was USD35.346 million compared to USD30.232 m at
June 30, 2010.
unquote
The full version of the press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_150811_1.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_150811_1e.pdf - in
English.
[2011-08-18]