/KASE, February 2, 12/ - 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 January 30, 2012:
quote
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL)(LSE: TPL)
today announced the official inauguration of its Aral Oil Terminal ("AOT") - a new
oil storage and rail loading facility for oil shipments from the Company's Doris
oilfield into the Kazakh rail system.
The AOT is located approximately 230 km from the Doris oil field, significantly
reducing the distance oil is currently trucked by road from the field. The opening
of AOT will allow the Company to initially double production to approximately
4,000 barrels of oil per day ("bopd") due to a halving of the road trucking
distance. Furthermore, the current rail loading point at Emba experiences
bottlenecks due to overuse by many different companies; the AOT will be
dedicated to Tethys oil sales. The opening of the AOT will thus reduce
transportation costs significantly and will result in an increased realised oil
price. The recent acquisition of additional road trucks means that 240 are now in
daily operation.
unquote
The full oppress-release is available on KASE website, at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_300112.pdf
[2012-02-02]