Thought I would start a thread on this company.

http://www.tethyspetroleum.com/tethys/index.action



Any holders or views on here?

I hold

Sub 28p or bouncy bouncy?

Tethys Petroleum Limited: Loan Facility Agreed
PIM
FOR: TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL June 29, 2012 Tethys Petroleum Limited: Loan Facility Agreed ALMATY, KAZAKHSTAN--(Marketwire - June 29, 2012) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announced that its Kazakh subsidiary had reached agreement on a USD 16.5 million loan facility. This facility is provided by a Kazakh bank to Tethys Aral Gas, a wholly owned Kazakh subsidiary of Tethys, and is available to fund capital expenditures in Kazakhstan. It can be drawn down at any time but the company is under no obligation to do so. This facility has a term of up to four years depending on the company's requirements and bears an interest rate of 14% per annum on sums drawn down. It is to be secured against field facilities in Kazakhstan. An initial USD 3.5 million of this facility has been drawn down. Bernard Murphy, Chief Financial Officer, stated "This facility provides flexibility to meet the company's possible funding requirements should the company wish to make use of it and I believe it is prudent financial management at this time." Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December 31, 2011 for a description of risks and uncertainties relevant to our business, including our exploration activities (which are incorporated herein by reference). The "forward looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise. FOR FURTHER INFORMATION PLEASE CONTACT: North America Tethys Petroleum Limited Sabin Rossi, Vice President Investor Relations Office: +1 416-941-1257 +1 416-947-0167 (FAX) OR Europe Tethys Petroleum Limited Veronica Zhuvaghena, Vice President Corporate Communications Office: +44 1481 725911 +44 1481 725922 (FAX) OR Corporate Brokers: FirstEnergy Hugh Sanderson / Derek Smith Office: + 44 207 448 0200 OR Seymour Pierce Richard Redmayne / Jonathan Wright / Stewart Dickson Office: +44 207 107 8000 OR Asia Pacific: Quam IR Anita Wan Office phone/fax: +852 2217 2999 OR FTI Consulting Ben Brewerton / Edward Westropp Office: +44 207 831 3113 OR Tethys Petroleum Limited info@tethyspetroleum.com Web: www.tethyspetroleum.com Mobile site: m.tethyspetroleum.com Tethys Petroleum Limited

Seems to be bouncing!!

19% yesterday and 6% today.

News supposedly due this month.

Anybody involved on here?

hi riviera, yes i have some of these, was alerted by a post by jtc over on advfn, he has his own thread on advfn and is a very astute individual, i have shown a link to his initial research and reasons for investing, it is a great read

http://uk.advfn.com/cmn/fbb/thread.php3?id=13974731&from=56587#firstpost

might have to copy and paste this into your browser

been a nice couple of days, I need it as portfolio is about 60% down last 16 months, hoping tpl can repair some of this good luck

Cheers Eringael,

Thanks for the link - Very good reading - Informative!

I really do think these are going to do well.

Good luck to you also

TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL July 9, 2012
Tethys Petroleum Limited: New Director Appointed GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire - July 9, 2012) -

Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) is pleased to announce the appointment of Ambassador Zalmay Khalilzad to the Board of Directors of Tethys Petroleum Limited. The appointment of the new director is subject to acceptance by the Toronto Stock Exchange. Ambassador Khalilzad will also chair a new Strategic Risk Committee of the Board. Dr. David Robson, Chairman, President and Chief Executive Officer of the Company, commented, "I am delighted that Ambassador Khalilzad has agreed to join our Board. The Ambassador brings with him a vast set of skills and global insight, which I believe will complement the strengths of our other Board members. Ambassador Khalilzad is a very well known and respected diplomat in the Central Asian/Caspian/Middle East region as well as his global experience particularly during his period as United States Ambassador to the United Nations. This addition to the Board will help provide further guidance in moving the Company forward." Brief Biography: Ambassador Khalilzad is President of a Washington, D.C. based firm focused on the Middle East and Central Asia. From 2007 to 2009, Ambassador Khalilzad served as the United States Ambassador to the United Nations. Prior to that, he served as United States Ambassador to Iraq (2005-2007) and United States Ambassador to Afghanistan (2003 to 2005). He also served as United States Special Presidential Envoy to Afghanistan (2001 to 2003). Ambassador Khalilzad sits on the boards of the National Endowment for Democracy, America Abroad Media, the Center for the National Interest, the Atlantic Council, the RAND Corporation's Middle East Studies Center, the American University of Iraq in Suleymania, and the American University of Afghanistan. He is also a counselor at the Center for Strategic and International Studies. He maintains close ties with high-level leadership throughout the Middle East and Central Asia, and is regularly called upon to provide strategic advice to numerous heads of state. He appears frequently on US and foreign media outlets to share his foreign policy expertise. Ambassador Khalilzad earned his B.A. and M.A. degrees from the American University of Beirut, as well as a Ph.D. from the University of Chicago. Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. -30- FOR FURTHER INFORMATION PLEASE CONTACT: North America Tethys Petroleum Limited Sabin Rossi, Vice President Investor Relations Office: +1 416-941-1257 +1 416-947-0167 (FAX) OR Europe Tethys Petroleum Limited Veronica Zhuvaghena, Vice President Corporate Communications Office: +44 1481 725911 +44 1481 725922 (FAX) OR Corporate Brokers: FirstEnergy Hugh Sanderson / Derek Smith Office: + 44 207 448 0200 OR Seymour Pierce Richard Redmayne / Jonathan Wright / Stewart Dickson Office: +44 207 107 8000 OR Asia Pacific: Quam IR Anita Wan Office phone/fax: +852 2217 2999 OR FTI Consulting Ben Brewerton / Edward Westropp Office: +44 207 831 3113 OR Tethys Petroleum Limited info@tethyspetroleum.com Web: http://www.tethyspetroleum.com Mobile site: m.tethyspetroleum.com -0- Tethys Petroleum Limited

Tethys Petroleum Limited Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons ------------------------------------------------------------------------------------------------------- 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance TETHYS PETROLEUM LIMITED with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). THE DISCLOSURE IS MADE IN ACCORDANCE WITH DTR 3.1.2 R ------------------------------------------------------------------------------------------------------- 3. Name of person discharging 4. State whether notification relates to a managerial responsibilities/director person connected with a person discharging managerial responsibilities/director named in ZALMAY KHALILZAD 3 and identify the connected person N/A ------------------------------------------------------------------------------------------------------- 5. Indicate whether the notification is in 6. Description of shares (including class), respect of a holding of the person debentures or derivatives or financial referred to in 3 or 4 above or in respect instruments relating to shares of a non-beneficial interest(1) N/A N/A ------------------------------------------------------------------------------------------------------- 7. Name of registered shareholders(s) and, if 8. State the nature of the transaction more than one, the number of shares held by each of them N/A N/A ------------------------------------------------------------------------------------------------------- 9. Number of shares, debentures or 10. Percentage of issued class acquired (treasury financial instruments relating to shares shares of that class should not be taken into acquired account when calculating percentage) N/A N/A ------------------------------------------------------------------------------------------------------- 11. Number of shares, debentures or 12. Percentage of issued class disposed (treasury financial instruments relating to shares shares of that class should not be taken into disposed account when calculating percentage) N/A N/A -------------------------------------------------------------------------------------------------------- 13. Price per share or value of transaction 14. Date and place of transaction N/A N/A ------------------------------------------------------------------------------------------------------- 15. Total holding following notification and 16. Date issuer informed of transaction total percentage holding following notification (any treasury shares should N/A not be taken into account when calculating percentage) N/A ------------------------------------------------------------------------------------------------------- If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes ------------------------------------------------------------------------------------------------------- 17. Date of grant 18. Period during which or date on which exercisable: 6 JULY 2012 The options vest one third immediately, one third after one year and one third after two years. The options will expire on 5 July 2017. ------------------------------------------------------------------------------------------------------- 19. Total amount paid (if any) for grant of 20. Description of shares or debentures the option involved (class and number) Option to acquire 270,000 ordinary shares NIL under the Tethys Petroleum limited 2007 Long Term Stock Incentive Plan. ------------------------------------------------------------------------------------------------------- 21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over or indication that price is to be fixed at which options held following notification the time of exercise 270,000 OPTIONS CAD 0.88 ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- 23. Any additional information 24. Name of contact and telephone number for queries N/A LIZ LANDLES TEL: 01481 725911 ------------------------------------------------------------------------------------------------------- Liz Landles Corporate Secretary Date of notification: 10/07/2012 Tethys Petroleum Limited

TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL July 11, 2012
Tethys Petroleum Limited: Appointment of Tethys Vice Chairman to Uzbek-British Trade & Industry Council GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire - July 11, 2012) - Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) is pleased to announce that its Vice Chairman, The Rt. Hon. Peter Lilley M.P., has been appointed as the Co-Chairman of the Uzbek-British Trade & Industry Council ("UBTIC"). UBTIC is a government-sponsored trade promotion body for bilateral economic co-operation. UBTIC comes under the umbrella of the British Government's overseas trade organisation, United Kingdom Trade & Investment (UKTI). UBTIC's other Co- Chairman is His Excellency Mr. Elyor Ganiev, Minister of Foreign Economic Relations, Investment and Trade of Uzbekistan. Mr. Lilley is a senior member of the British Parliament and the Vice-Chairman of the All Party Parliamentary Group on Central Asia. He was formerly the Secretary of State for Trade and Industry, the Secretary of State for Social Security, Shadow Chancellor and Deputy Leader of the Conservative Party. Dr. David Robson, Chairman, President and Chief Executive Officer of Tethys Petroleum, commented, "I am very pleased that Peter has been appointed to this position which is instrumental in developing commercial and business relations between Britain and Uzbekistan. The previous incumbent, Dr Hartley Booth, did an excellent job in this role and we at Tethys Petroleum, as one of the very active investors in Uzbekistan, are pleased to see UBTIC moving forward and developing further its important role." Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. FOR FURTHER INFORMATION PLEASE CONTACT: Tethys Petroleum Limited North America Sabin Rossi Vice President Investor Relations +1 416-941-1257 +1 416-947-0167 (FAX) OR Tethys Petroleum Limited Europe Veronica Zhuvaghena Vice President Corporate Communications +44 1481 725911 +44 1481 725922 (FAX) OR Corporate Brokers: FirstEnergy Hugh Sanderson / Derek Smith +44 207 448 0200 OR Seymour Pierce Richard Redmayne / Jonathan Wright / Stewart Dickson +44 207 107 8000 OR Asia Pacific: Quam IR Anita Wan Office phone/fax: +852 2217 2999 OR FTI Consulting Ben Brewerton / Edward Westropp +44 207 831 3113 OR Tethys Petroleum Limited info@tethyspetroleum.com Web: http://www.tethyspetroleum.com Mobile site: m.tethyspetroleum.com Tethys Petroleum Limited

Any views fromyou chartists out there?

Obviously not.

update today

TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL
July 19, 2012
Tethys Petroleum Limited: Tajikistan Resource Upgrade 27.5 Billion BOE DUSHANBE, TAJIKISTAN--(Marketwire - July 19, 2012) -

Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) is pleased to announce that it has received an updated independent Resource Report for its Tajikistan assets.

These cover an area of approximately 35,000 sq. km and the estimated gross unrisked mean recoverable resources are 27.5 billion barrels of oil equivalent (BOE). Key Points: -- Gross unrisked mean recoverable prospective resources of 27.5 billion barrels of oil equivalent (BOE), consisting of: -- Gross unrisked mean recoverable prospective resources of 114 trillion cubic feet (TCF) of gas -- Gross unrisked mean recoverable prospective resources of 8.5 billion barrels (Bbbls) of oil and condensate -- Upgrade due to seismic data, gravity data acquisition and interpretation and well data The resource report was prepared by Gustavson Associates of the United States and has been prepared in accordance with the reporting requirements of NI 51-101 adopted by Canadian securities regulatory authorities. Continued drilling and seismic campaign The final stage of the seismic programme in Tajikistan will commence this summer with equipment having been mobilized and initial interpreted results expected in Q4 2012. Once complete, this interpreted seismic will help identify the location of the first deep well to be drilled by Tethys. The initial analysis of the data from the aerial graviometry survey completed at the end of 2011 revealed several attractive prospective areas with the potential presence of very large deep sub-salt and sub-thrust prospects within the Bokhtar Production Sharing Contract ("PSC") Area. The additional seismic about to be acquired will target these areas and provide the final data in a comprehensive programme to optimally locate a deep well. This final stage of the seismic programme will involve the acquisition of new seismic in two areas; the Vaksh valley and the Dushanbe Step. The programme has been designed to target these areas as the graviometry survey and other data have identified them to be the most likely to contain large deep prospects including potential Jurassic reefs located on the edge of likely Permian basement high features. Jurassic reefs form some of the most prolific fields in the Amu Darya basin (of which the Bokhtar PSC area forms part) and no wells have ever been drilled through the overlying salt layer in Tajikistan to date. This basin is extremely prolific containing oil, gas and condensate fields and indeed some of the world's largest gas fields are located in this basin. These data also reveal significant potential in other parts of the PSC Area, including the Kulob area, however it has been decided to focus on the Vaksh valley and the Dushanbe Step initially. It is expected that this new seismic programme will further confirm the high potential in the Tethys PSC acreage. Tethys now owns an 85% interest in the Bokhtar PSC following the recent acquisition of an additional 34% interest from its partner in the project. Background: Strategy in Tajikistan The primary strategy in Tajikistan is to complete a comprehensive geological and geophysical data gathering exercise with the intention of locating and drilling the first deep exploration well below the regional salt layer. This deep well will target very large prospective resources, as set out in the independent resource report. These prospects have never been drilled before in Tajikistan but are prolific producers from similar reservoirs in the adjacent countries including Turkmenistan. This programme is firmly on track and consists of the following: -- In 2008, Tethys obtained and analysed the State geophysical information and well data of the shallower drilling that had been undertaken in the Soviet period and compiled an extensive database, which was combined with a regional geological model built in-house. -- In 2009-10, Tethys designed and acquired a regional seismic programme whereby approximately 700km of good quality seismic was obtained and interpreted. -- In 2011, Tethys carried out an aeromagnetic graviometry survey over more than half of the PSC Area. These data complement the acquired seismic data, State geophysical information and well data. -- In 2012, following on from the results of the aeromagnetic graviometry survey, a seismic contractor has been appointed and equipment mobilized to commence acquisition of focused seismic data over key prospective areas with the intention of identifying the location for the first deep well. It is planned that Tethys' large ZJ70 drilling rig "Telesto" will be mobilized to Tajikistan by year's end with the intention of drilling the deep well in 2013. Tethys also continues to exploit the shallow potential in Tajikistan with oil production from Beshtentak, deepening of the Persea exploration well and plans for further evaluation of the East Olimtoi oil discovery. Dr David Robson, Chairman, President and Chief Executive Officer of Tethys, added: "This hugely significant increase in our estimated resources in Tajikistan transforms our prospective resource base. I believe that these unrisked mean prospective resources are significantly greater than the estimated remaining reserves and unrisked resources in the UK North Sea(1). Geological and geophysical work undertaken has shown that Tethys is operating in a world class basin with enormous and untapped potential." "The deep prospects being pursued in Tajikistan have 'super-giant' potential and any exploration success will be transformational for the Company. These additional seismic data will help to identify the location of the first deep, sub-salt well drilled in Tajikistan targeting extremely large prospective resources." The references in this press release to "prospective resources" means those quantities of petroleum estimated, as of June 30th 2012, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. There is no certainty that any portion of these resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of these resources. The resources estimates contained or referred to are estimates only and are not meant to provide a determination as to the volume or value of hydrocarbons attributable to the Company's properties. There are numerous uncertainties inherent in estimating quantities of resources and cash flows that may be derived, including many factors that are beyond the control of the Company. The following is a non-exhaustive list of factors which may have a significant impact on the above estimates of prospective resources: despite the classification that they are as yet undiscovered but may be potentially recoverable the Company may be unable to carry out the development or their potential recovery; the activity may not be economically viable; the Company may not have sufficient capital or time to develop them; there may be no market or transportation routes for the production; legal, contractual, environmental and governmental concerns might not allow for the recovery being undertaken; reservoir characteristics might prevent recovery. The recovery of the resources is subject to the following risks and uncertainties: market fluctuations, the proximity and capacity of oil and gas pipelines and processing equipment, government regulation, political issues, export issues, competing suppliers, operational issues (exploration, production, pricing, marketing and transportation), extensive controls and regulations imposed by various levels of government, lack of capital or income, the ability to drill productive wells at acceptable costs, the uncertainty of drilling operations, factors such as delays, accidents, adverse weather conditions, and the availability of drilling rigs and the delivery of equipment. Additional information prescribed by NI 51-101 appears in a material change report to be filed, and which will be available, on www.sedar.com. Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations, prospective resources and exploration targets. Such forward-looking statements reflect our current views with respect to future events and are subject to certain assumptions, including the fact that Tethys Petroleum will be successful in confirming the existence of the accumulations of petroleum in respect of its exploration targets, and subject to certain risks and uncertainties, including the risk that limited discoveries will result from exploration wells and as a result the risk that any or all of the prospective resources will not become recoverable, as further explained above in this press release. See our Annual Information Form for the year ended December 31, 2011 for a description of risks and uncertainties relevant to our business, including our exploration activities. The "forward looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise. A barrel of oil equivalent ("boe") conversion ratio of 6,000 cubic feet (169.9 cubic metres) of natural gas = 1 barrel of oil has been used and is based on the standard energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The use of the word "Gross" means 100% of the PSC. (1) Economic Report 2012, the United Kingdom Offshore Oil and Gas Industry Association available online at www.oilandgasuk.co.uk FOR FURTHER INFORMATION PLEASE CONTACT: North America Tethys Petroleum Limited Sabin Rossi, Vice President Investor Relations Office: +1 416-941-1257 +1 416-947-0167 (FAX) OR Europe Tethys Petroleum Limited Veronica Zhuvaghena, Vice President Corporate Communications Office: +44 148 172 5911 +44 148 172 5922 (FAX) OR Corporate Brokers: FirstEnergy Hugh Sanderson / Derek Smith Office: +44 207 448 0200 OR Seymour Pierce Richard Redmayne / Jonathan Wright / Stewart Dickson Office: +44 207 107 8000 OR Asia Pacific: Quam IR Anita Wan Office phone/fax: +852 2217 2999 OR FTI Consulting Ben Brewerton / Edward Westropp Office: +44 207 831 3113 OR Tethys Petroleum Limited info@tethyspetroleum.com Web: www.tethyspetroleum.com Mobile site: m.tethyspetroleum.com Tethys Petroleum Limited

How high can it go by Xmas?

Ahoj - Who knows mate but it does seem to look good.

What a ride today. Closed at 42 yesterday, opened at 48, touched 60 and closed at 45.

Not that I know anything about charts but there seems to be cups, bowls, handles, flags with shoulders and heads and a couple of W's!! Sounds good but means nowt to me.

Would just be interested on a chartists view.

Happy with the long term prospects in that already producing and transporting the stuff and they will be ramping production up later this year. Plus all the other stuff posted above.

cant beleive sp so low on what they have discovered compared to rkh etc this definatly got to be a takeover target in time

Tethys Petroleum jumps 8 percent as Seymour Pierce initiates coverage of the Central Asia -focused oil & gas explorer and producer with a "buy" rating and a 72 pence target price.

"This highly prolific region continues to yield significant rewards, most recently illustrated through the company's upgrade in Tajikistan. With near term production also due to ramp up in Kazakhstan, we feel the current share price represents compelling value for investors," Seymour Pierce says in a note.

I can see a few other brokers putting.a buy on this share with price target £1.20 as good news starts to come out

PIM
FOR: TETHYS PETROLEUM LIMITED TSX, LSE SYMBOL: TPL August 15, 2012


Tethys Petroleum Limited: Second Quarter 2012 Financial Results Another Significant Period of Growth for the Business With Revenues Increased by 93% GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire - Aug. 15, 2012) - Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) today announced its second quarter 2012 financial results. The results are underlined by a 93% increase in revenues over the second quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards ("IFRS"). RECENT FINANCIAL HIGHLIGHTS -- USD16 million loan facility secured -- Q2 2012 Total Revenue was USD10.2 million (Q2 2011 USD4.2 million) -- Q2 2012 average oil and gas production was 6,683 barrels of oil equivalent per day (Q2 2011: 5,681 barrels of oil equivalent per day) -- Q2 2012 average oil production from the Doris field in Kazakhstan was 2,927 barrels of oil per day (Q2 2011: 815 barrels of oil per day) RECENT OPERATIONAL HIGHLIGHTS AND UPDATE -- First shipment of commercial oil production through Aral Oil Terminal (the "AOT") in Kazakhstan -- Updated Kazakh independent Resource Report estimates the gross unrisked recoverable mean prospective oil resources to be 1.23 billion barrels of oil -- AKD07 well to spud early September 2012 -- Akkulka Exploration Contract extended in Kazakhstan -- Updated Tajik independent Resource Report estimates gross unrisked mean recoverable resources are 27.5 billion barrels of oil equivalent (boe) -- Awarded seismic contract in Tajikistan, work about to commence -- Signed Production Enhancement Contract ("PEC") for a new oil field, the Chegara Group of Fields ("Chegara"), in Uzbekistan Kazakhstan Production / development In the second quarter commercial oil sales commenced through the Aral Oil Terminal (the "AOT"), owned by Tethys and a 50% partner, which effectively halved the oil trucking distance and provides better control over the oil sales. Production was steadily increased over a period as each part of the sales chain was optimised. Moving into the third quarter production was temporarily disrupted in July due to an internal refinery issue that restricted rail cars availability within all of Kazakhstan. This issue has now been resolved and production has again reached approximately 4,000 bopd. AOT Phase 2 construction that will allow a throughput capacity of up to 6,000 bopd is progressing on schedule with 2 x 1000 m3 tanks (approximately 12,500 bbls) having already been installed and with work currently focussing on the installation of associated dehydration and pumping equipment. Phase 2 of the AOT is expected to be fully operational by October 2012. With the current well stock it is forecast that a production rate of between 4,500 and 5,000 bopd can be achieved on a continual basis. Higher rates can be achieved but it is believed that these rates are most optimal for this reservoir with the current wells. Appraisal / exploration The AKD07 appraisal/exploration well is located to the south-east of the original AKD01 (Doris) discovery well and will target 3P reserves at the Cretaceous Aptian sand level in what is believed to be a channel sand system, whilst simultaneously targeting an exciting exploration prospect (named "Dyna"), which has been identified on the recently acquired seismic data from a bright amplitude anomaly at a slightly shallower level, and is interpreted to be part of a different, larger sand fan system. This Dyna prospect has 128 million barrels gross mean unrisked recoverable prospective resources attributed to it (Gustavson Associates). It is also targeting a third horizon, a Jurassic sandstone. The well is expected to spud in the second week of September 2012 and is forecast to take approximately 55 days to drill to a depth of 2,540 meters using Tethys' own ZJ70 "Telesto" rig. It is then expected to take approximately one month to run logs, complete the well (assuming the logs are positive), receive State permissions and then test the well. The recently updated prospective resource report for Kazakhstan (Gustavson Associates) estimates gross unrisked recoverable mean prospective oil resources of 1.23 billion barrels of oil and this is the first well since that report to target this exciting exploration upside. Final signatures on the approval for the extension of the Akkulka Exploration Contract until March 10th 2015 have now been received from the Ministry of Oil and Gas (MOG) and this will allow the Company to further appraise Doris and Dione Discoveries as well as explore wider within the block in targets highlighted by the recent Kazakh Resource Report. Tajikistan The Tajik Resource Report, independently produced by Gustavson Associates, calculated a total gross mean unrisked recoverable prospective resource of 27.5 billion boe across the Bokhtar PSC. The Tajik seismic programme will commence in late August as most equipment is now in country and the contracted company "Prospectiuni" has completed the preliminary set-up and testing work. The programme, up to 870 km of 2D seismic acquisition, is designed to identify a drilling location for the first deep well expected to commence in 2013. The initial analysis of the data from the aerial graviometry survey completed at the end of 2011 revealed several attractive prospective areas with the potential presence of very large deep sub-salt and sub-thrust prospects within the Bokhtar Production Sharing Contract ("PSC") Area. The additional seismic about to be acquired will target these areas and provide the final data in a comprehensive programme to optimally locate a deep well. This final stage of the seismic programme will involve the acquisition of new seismic in two areas; the Vaksh Valley and the Dushanbe Step. The programme has been designed to target these areas as the graviometry survey and other data have identified them to be the most likely to contain large deep prospects including potential Jurassic reefs located on the edge of likely Permian basement high features. Jurassic reefs form some of the most prolific fields in the Amu Darya basin (of which the Bokhtar PSC area forms part) and no wells have ever been drilled through the overlying salt layer into that horizon in this region of Tajikistan to date. This basin is extremely prolific containing oil, gas and condensate fields and indeed some of the world's largest gas fields are located in this basin. These data also reveal significant potential in other parts of the PSC Area, including the Kulob area, however it has been decided to focus on the Vaksh Valley and the Dushanbe Step initially. It is expected that this new seismic programme will further confirm the high potential in the Tethys PSC acreage. Tethys now owns an 85% interest in the Bokhtar PSC following the recent acquisition of an additional 34% interest from its partner in the project. Tethys continues to hold discussions with numerous potential farminees with the aim of concluding an agreement by year-end. Further evaluation of the Beshtentak Field has been carried out in light of the initial success of the BST20 well. Three to four other candidates have been identified for workovers in different horizons and well preparation work is expected to commence at the end of August with initial results expected in late September. Uzbekistan Progress continues in Uzbekistan where Tethys recently announced Chegara Production Limited ("CPL"), its 100% owned subsidiary, signed a Production Enhancement Contract ("PEC") for a new oil field, the Chegara Group of Fields ("Chegara"). In addition Tethys signed a Memorandum of Understanding ("MOU"), which agrees a timetable for the potential signing of an Exploration Agreement a highly prospective Exploration block in the North Ustyurt Basin. The Chegara Group is an underdeveloped group of fields located 14 kilometers south-west of the existing Tethys asset of North Urtabulak, and contiguous to the prolific Urtabulak gas condensate Field, within the world-class Amu Darya Basin. The reservoirs comprise Upper Jurassic age carbonates at an approximate depth of 2,650 meters, trapped below a regionally prevalent salt and anhydrite seal. The oil is of moderate gravity and at present there are 3 producing wells all flowing naturally under reservoir pressure. This currently has limited existing oil production, and will form the baseline production under the new Chegara PEC with Uzbekneftegaz. Tethys believes there is substantial additional production potential in the field. Tethys has collected and interpreted a significant volume of historic seismic, drilling, geological and production data relating to the Chegara Group of fields, and plans to initially work over the existing well stock using technologies and techniques that have been successfully implemented to increase production on the North Urtabulak Field over the previous 12 years under a very similar contractual arrangement. Furthermore, it is intended that additional geophysical data will be acquired on the field to identify undrilled areas that provide high potential upside. Currently there are only State reserves assigned to the field and no figures yet under NI 51-101 reporting procedures. The contract will become effective following standard regulatory approvals, which include the issuance of a Presidential Decree and the completion of a Feasibility Study. The PEC has a term of twenty-five (25) years and under the new PEC CPL is allocated refined products for the crude oil it produces and sells these outside Uzbekistan. Furthermore Tethys has been granted exclusive rights to carry out operations with liquid hydrocarbons on Chegara. The MOU signed with NHC Uzbekneftegaz sets out a fixed timetable to potentially sign an Exploration Agreement for a large Exploration block in the North Usyturt basin in Uzbekistan. TPL submitted a proposal for an exploration program for the block in June 2012. Once approved by NHC Uzbekneftegaz and the Government of the Republic of Uzbekistan an Exploration Agreement will be negotiated. Gross production under the existing North Urtabulak PEC remains fairly constant at approximately 675 bopd. The full Q2 Results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethyspetroleum.com. The summary financial statements are attached to this press release. The above highlights along with other operational and financial details will be further discussed in a scheduled conference call. Details of the conference call can be found below: Conference Call: A conference call will be held at 8:00 AM Eastern Standard Time 1:00 PM British Summer Time on Wednesday, August 15, 2012. The North American conference call number is 866.383.8008 and the outside North America conference call number is +1-617.597.5341. The conference call code to use is 72526728. Please call in about 10 minutes before the starting time in order to be patched into the call. Webcast: The call is being webcast and can be accessed at: http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=213714&eventID=4822812 Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits. This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December 31, 2011 for a description of risks and uncertainties relevant to our business, including our exploration activities. A barrel of oil equivalent ("boe") conversion ratio of 6,000 cubic feet (169.9 cubic metres) of natural gas = 1 barrel of oil has been used and is based on the standard energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Tethys Petroleum Limited Condensed Consolidated Statement of Financial Position (Unaudited) (in US Dollars) As at June 30, 2012 December 31, 2011 $'000 $'000 Non-current assets Property, plant and equipment 122,793 128,918 Intangible assets 101,567 99,959 Restricted cash 1,407 1,407 Prepayments and other receivables 10,404 10,217 Investment in jointly controlled entity 1,118 1,113 ---------------- ------------------ 237,289 241,614 ---------------- ------------------ Current assets Inventories 2,075 2,025 Trade and other receivables 7,130 5,478 Loan receivable from jointly controlled entity 2,213 2,013 Cash and cash equivalents 3,972 10,746 Restricted cash 474 885 Derivative financial instruments - interest rate swap - 630 ---------------- ------------------ 15,864 21,777 ---------------- ------------------ Total assets 253,153 263,391 ---------------- ------------------ ---------------- ------------------ Equity attributable to shareholders Share capital 28,671 28,669 Share premium 306,725 306,725 Other reserves 40,557 38,530 Accumulated deficit (156,521) (144,962) Non-controlling interest 8,759 8,918 ---------------- ------------------ Total equity 228,191 237,880 ---------------- ------------------ Non-current liabilities Financial liabilities - borrowings 2,595 1,632 Deferred taxation 2,472 2,111 Trade and other payables 452 547 Asset retirement obligations 233 386 ---------------- ------------------ 5,752 4,676 ---------------- ------------------ Current liabilities Financial liabilities - borrowings 9,661 8,396 Derivative financial instruments - warrants 540 264 Derivative financial instruments - foreign currency hedge - 157 Deferred revenue 1,395 1,839 Trade and other payables 7,404 10,179 Current tax 210 - ---------------- ------------------ 19,210 20,835 ---------------- ------------------ ---------------- ------------------ Total liabilities 24,962 25,511 ---------------- ------------------ Total shareholders' equity and liabilities 253,153 263,391 ---------------- ------------------ ---------------- ------------------ Tethys Petroleum Limited Condensed Consolidated Statement of Comprehensive Income (Unaudited) For the six months ended June 30, 2012 (in US Dollars) For the 3 months ended For the 6 months ended June 30, June 30, June 30, June 30, 2012 2011 2012 2011 $'000 $'000 $'000 $'000 Sales and other revenues 10,204 4,177 16,691 8,657 Other operating income - 5,706 - 5,706 ----------------------------------------------- Total revenue and other income 10,204 9,883 16,691 14,363 Production expenses (2,930) (1,773) (5,840) (3,525) Depreciation, depletion and amortisation (4,755) (3,215) (7,791) (5,827) Listing expenses - (327) - (333) Business development expenses (395) (1,208) (579) (1,229) Administrative expenses (5,771) (5,391) (10,757) (10,661) Share based payments (1,274) (864) (1,877) (2,057) Foreign exchange (loss) / gain - net (112) 16 (176) 216 Fair value gain / (loss) on derivative financial instrument 829 (315) (67) (323) Profit / (loss) from jointly controlled entity 163 (302) 101 (511) Net finance (costs) / income (398) 725 (852) 718 ----------------------------------------------- Loss before taxation (4,439) (2,771) (11,147) (9,169) Taxation (431) 75 (571) 178 ----------------------------------------------- Loss for the period (4,870) (2,696) (11,718) (8,991) ----------------------------------------------- ----------------------------------------------- Loss attributable to: Shareholders (4,811) (2,696) (11,559) (8,991) Non-controlling interest (59) (159) ----------------------------------------------- Loss for the period (4,870) (2,696) (11,718) (8,991) ----------------------------------------------- ----------------------------------------------- Loss per share attributable to shareholders Basic and diluted (0.02) (0.01) (0.04) (0.03) Tethys Petroleum Limited Condensed Consolidated Statement of Cash Flows (Unaudited) For the three and six months ended June 30, 2012 (in US dollars) For the 3 months ended For the 6 months ended June 30, June 30, June 30, June 30, 2012 2011 2012 2011 $'000 $'000 $'000 $'000 Cash flow from operating activities Loss before taxation for the period (4,439) (2,771) (11,147) (9,169) Adjustments for Share based payments 1,274 864 1,877 2,057 Net finance cost / (income) 398 (723) 852 (716) Depreciation, depletion and amortization 4,755 3,215 7,791 5,827 Loss on disposal of assets - 136 - 136 Fair value (gain) / loss on derivative financial instrument (829) 315 67 323 Net unrealised foreign exchange loss (47) 5 (12) 48 (Profit) / Loss from jointly controlled entity (163) 302 (101) 511 Deferred revenue 65 646 (444) (1,776) Other operating income - (5,706) - (5,706) Net change in non-cash working capital (425) 1,091 (1,987) 769 ----------------------------------------------- Net cash generated / (used) in operating activities 589 (2,626) (3,104) (7,696) ----------------------------------------------- Cash flow from investing activities Interest received (83) 44 5 76 Expenditure on exploration and evaluation assets (607) (4,423) (1,602) (6,289) Expenditures on property, plant and equipment (1,494) (10,411) (1,708) (19,397) Movement in restricted cash 150 (3,549) 411 (3,551) Investment in jointly controlled entity (2) - (5) - Payments made on behalf of jointly controlled entity - (4,486) - (7,364) Movement in advances to construction contractors (1,401) 1,710 (1,034) (117) Movement in value added tax receivable 790 (1,248) 847 (2,153) Net change in non-cash working capital (1,121) 406 (2,400) 354 ----------------------------------------------- Net cash used in investing activities (3,768) (21,957) (5,486) (38,441) ----------------------------------------------- Cash flow from financing activities Proceeds from issuance of short-term borrowings, net of issue costs 3,509 - 7,029 - Proceeds from issuance of long-term borrowings, net of issue costs - - 2,306 - Repayment of long-term borrowings (251) (90) (407) (176) Repayment of short-term borrowings - - (6,459) - Interest paid on borrowings (317) (97) (521) (197) Other non-current liabilities (68) (75) (142) (151) ----------------------------------------------- Net cash generated / (used) in financing activities 2,873 (262) 1,806 (524) ----------------------------------------------- Effects of exchange rate changes on cash and cash equivalents 98 (209) 10 (128) Net decrease in cash and cash equivalents (208) (25,054) (6,774) (46,789) Cash and cash equivalents at beginning of the period 4,180 57,400 10,746 79,135 ----------------------------------------------- Cash and cash equivalents at end of the period 3,972 32,346 3,972 32,346 ----------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: North America Tethys Petroleum Limited Sabin Rossi, Vice President Investor Relations Office: +1 416-941-1257 +1 416-947-0167 (FAX) OR Europe Tethys Petroleum Limited Veronica Zhuvaghena, Vice President Corporate Communications Office: +44 1481 725911 +44 1481 725922 (FAX) OR Corporate Brokers: FirstEnergy Hugh Sanderson / Derek Smith Office: + 44 207 448 0200 OR Seymour Pierce

Still looking like going nowhere

Yep - Goes up every morning then someone seems to be selling decent chunks in the afternoon. Been happening for a couple of weeks now.

But today is moving up with volume