/KASE, May 19, 11/ - Tethys Petroleum Limited (Channel Islands), whose common
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release of May 13, 2011:
quote
Tethys Petroleum Limited ("Tethys" or the "Company" (TSX: TPL) today announced
its first quarter 2011 financial results. The results are underlined by a 112%
increase in revenues over the first quarter of last year.
The Company reports financial results in accordance with International Financial
Reporting Standards ("IFRS").
RECENT HIGHLIGHTS:
- With sales of US$4.48 million in the three months ended March 31, 2011 the
Company achieved a 112% increase on the same period of 2010 where sales were
US$2.12 million.
- The Company also recorded a reduced net loss of US$6.30 million in the three
months ended March 31, 2011 compared to a net loss of US$8.00 million in the
three months ended March 31, 2010.
- Capital expenditure, excluding the joint venture in Tajikistan, in the three
months ended March 31, 2011 was US$10.85 million compared to US$4.44 million
in the three months ended March 31, 2010. In Tajikistan capital expenditure in
the three months to March 31, 2011 was US$3.00 million compared to US$2.28
million in the three months ended March 31, 2010.
unquote
The full version of this press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_130511.pdf
[2011-05-19]