/KASE, April 19, 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 17, 2011:
quotation
Tethys Petroleum Limited ("Tethys" or the "Company" (TSX: TPL) today announced
that it has responded positively to an announcement by Afghanistan Government
that it is one of five international companies who have pre-qualified for
a tender to explore and develop oil and gas deposits in northern Afghanistan.
The process represents the first round of the Afghan Government's plan to
issue licenses to foreign energy companies.
A spokesman for Tethys said he believed that the development could play
a hugely significant role in the economic and political development of
Afghanistan.
Dr David Robson, Chairman, President and CEO of Tethys said after a meeting
in Kabul with H.E. Minister Wahidullah Shahrani, Minister of Mines that the
Afghan Government, supported by the International Community and the US
Government, is running the tendering process in "an open, transparent
and efficient manner. Given the risks and dangers which have existed in
Afghanistan, and the enormous emerging potential in the minerals sector,
I believe the way these matters have been handled is providing a model
for the future and is bound to have a positive impact on the attitude of
foreign investors."
ends
The press release full version is available on KASE website at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_170411.pdf
[2011-04-19]