/KASE, May 24, 10/ - Tethys Petroleum Limited (Channel Islands), listing on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
May 14, 2010:
Quotation begins
Tethys Petroleum Limited (hereafter- "Tethys" or the "Company") (TSX: TPL)
announced its Q1 Y2010 production results. Q1 results with the comments and
management analysis are registered with Canadian securities regulation
agencies. Copies of registered documents are available at the SEDAR website at
www.sedar.com or Tethys website at: www.tethyspetroleum.com. Financial data
are attached to the press release.
Highlights
- Thanks to three private offerings in Q1, the Company raised over USD55 m
(gross).
- The Company received USD2.1 m revenues from sales of gas and oil as
compared with USD0.5 in Q1 Y2009.
- The Company registered USD7.9 m net losses before tax against USD6 m in
Q1 Y2009.
- Capital expenditures reached USD4.4 m against USD4.2 m in Q1 2009 г.
Tajikistan-based joint venture's capital expenditures reached USD2.3 m
against USD6.0 m in Q1 Y2009.
- Production costs reached USD0.97 m against USD0.28 m in Q1 Y2009.
Ends
The full version of the press release of Tethys Petroleum Limited is available at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_140510.pdf
[2010-05-24]