/KASE, August 17, 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 provided an update in conjunction with its financial results for the quarter ended June 30, 2011.

Operational Update

RECENT HIGHLIGHTS

Kazakhstan

• AKD05 appraisal well flowed at over 1,500 bopd of good quality oil.
• KBD01 (Kalypso) exploration well close to total depth.
• Drilling operations commenced on AKD, an appraisal well of the Doris oil discovery targeting the cretaceous sand.
• Stage 2 oil production facilities installed.

Tajikistan

• East Olimtoi exploration well EOL09 has reached total depth and electric logs are currently being run.
• New exploration well "Persea 1" spudded with total depth expected to be 2,700 metres.
• Aeromagnetics and gravity gradiometry survey underway.

Uzbekistan

• Initial jet pump trial on the North Urtabulak oilfield successful.
• Negotiations continue on new production and exploration contracts.

unquote

The full version of the press-release is available on KASE website, at:

• see more - in Russian;
• see more - in English.

[2011-08-17]