Thought I would start a thread on this company.

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



Any holders or views on here?

I hold

Tethys Petroleum CEO looks towards a "substantial increase" in profitability

VIDEO INTERVIEW

Published on 19 Apr 2012 by ProactiveInvestors

18.4.12 Dr David Robson, CEO of Tethys Petroleum (TSE:TPL LON:TPL), tells Proactiveinvestors that with the increase of Tethys' shareholding to 85% in an asset covering an area "the size of Switzerland" in Tajikistan and the opening of a new oil rail-loading terminal in Kazakhstan with handling capacity of up to 12,000 bopd, investors can look forward to a "very exciting" latter half.


http://http://www.proactiveinvestors.co.uk/companies/stocktube/1110/tethys-petroleum-ceo-looks-towards-a-substantial-increase-in-profitability-1110.html


http://www.tethyspetroleum.com/media/Article/20120507/EN_US/WorldView-APR[1].pdf

Q1 revenues increase by 45% for Tethys Petroleum
StockMarketWire.com
Tethys Petroleum Limited first quarter 2012 financial results show a 45% increase in revenues over the first quarter of last year.

Q1 2012 Total Revenue was USD$6.49 million (Q1 2011: USD$4.48 million).

Q1 2012 average oil and gas production was 5,117 barrels of oil equivalent per day (Q1 2011: 4,531 barrels of oil equivalent per day)

Q1 2012 average oil production from the Doris field in Kazakhstan was 1,038 barrels of oil per day (Q1 2011; 337 barrels of oil per day). Q1 2012 average gas production was 566 Mcm/d (Q1 2011: 511 Mcm/d).

Following the resounding success of our first two events, Mining and Resources Quarterly is proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies.



This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

NEXT EVENT

Date: Wednesday 23rd May 2012

Venue: Novotel, London Tower Bridge, 10 Pepys Street, London, EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception



Companies Presenting:



Magnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas exploration and production company with interests in 70 producing properties and non-producing assets covering 16,515 gross acres and 3,000 net acres primarily located in the oil rich Mississippi play in Oklahoma, 4,850 gross acres and 375 net acres in the highly productive oil play in the Bakken/Three Forks Sanish fields in North Dakota as well as the substantial and proven Woodford and Hunton plays, in Oklahoma. The Company focuses on producing areas where the application of horizontal drilling and/or hydraulic fracturing and other techniques offers scope to significantly improve recovery/flow rates. Targeting proven areas lowers exploration risk, illustrated by Magnolia's tremendous success rate achieved so far - 27 out of the first 28 wells in which the Company has participated in have been commercially successful. In addition Magnolia focuses on fields that predominantly produce oil rather than gas securing higher revenues and margins as a result of the higher oil price.



Kea Petroleum (AIM:KEA) is an oil and gas explorer in New Zealand and Australia. Taranaki, New Zealand where Kea is currently exploring has a long history of proven reserves. In 2010 New Zealand Energy Corp and Tag Oil both struck oil resulting in share prices increasing 165% and 100% respectively.

2012 has seen the beginning of Kea’s most exciting and active year. On 10 April, it struck oil and is awaiting equipment to test a field with a potential between one and three million barrels. Two weeks later it commenced drilling its second 2012 well. Later drilling will include one co-funded by Methanex, the world’s largest supplier of methanol.

Ian Gowrie-Smith, Chairman will detail Kea’s exciting prospects.



Ariana Resources PLC is an AIM listed gold exploration and development company focussed on epithermal gold-silver and porphyry copper-gold deposits in Turkey.

The Company aims to deliver shareholders value through the dual strategy of developing a profitable gold mining operation and building long term value through exploration. Ariana creates value via the identification and advancement of projects up the value curve to development.

Michael de Villers, Non-Executive Director and Company Secretary, will focus on the recent progress made towards establishing a profitable mining operation at the Red Rabbit Gold Project in Western Turkey, in addition to updates on its independent and joint venture exploration activities.The presentation will also set out the Company's key objectives as Red Rabbit moves towards production, and the key value triggers which investors should watch out for over the next 12 months.


Tethys Petroleum Limited (TPL) is an oil and gas exploration and production company listed on the main board of the London Stock Exchange and the Toronto Stock Exchange. Tethys is focused on the prolific sedimentary basins of Central Asia and the Caspian Region, with its current projects in Kazakhstan, Tajikistan and Uzbekistan.

The Company owns and operates its own drilling rigs, pipelines, production facilities and related equipment. The Company's staff have proven expertise and experience in applying modern techniques and technologies in rehabilitation of existing fields, exploration and production.

The speaker will be Dr David Robson. Dr Robson is the Chairman, President and Chief Executive Officer of Tethys Petroleum Limited




Click here to go to Event

KAZAKHSTAN ASSETS
In Kazakhstan, Tethys Petroleum is operating through its wholly owned subsidiaries, TethysAralGas LLP and Kul-Bas LLP, under four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (287 sq. km), Akkulka Exploration Contract (1,380 sq. km), Akkulka Production Contract (110 sq. km) and the Kul-Bas Exploration and Production Contract (8,890 sq. km).

This highly prolific oil and gas area is rapidly developing and the Company believes significant potential exists in both exploration and in discovered deposits. The Company is currently developing two shallow gas fields, namely Kyzyloi and Akkulka, and has plans to further expand this gas development. Its recent exploration oil discovery lies at deeper levels in the same area and the Company believes that this discovery (currently named "Doris") has substantial potential. Appraisal of Doris and further oil exploration activities are planned for 2010.

TAJIKISTAN ASSETS
In Tajikistan, Tethys Petroleum was one of the first oil and gas companies to work in the Republic. Tethys also negotiated the first Production Sharing Contract ("PSC") for the large Bokhtar area in the southwest region of the country. This PSC has a term until June 2033, and covers an area of some 34,785 sq. km including almost the entire Tajik portion of the Afghan-Tajik basin, part of the prolific Amu Darya basin. This is an underexplored basin with what the Company believes to be very large upside potential, especially in the deeper horizons with possible analogues to the supergiant gas and gas condensate fields in nearby Turkmenistan and Uzbekistan.

The Company, working through its 51% owned subsidiaries, Tethys Services Tajikistan and Kulob Petroleum Limited, is currently involved in an extensive programme of oil and gas field re-development, exploration drilling, and seismic acquisition.

UZBEKISTAN ASSETS
Tethys Petroleum's current activities in Uzbekistan relate to increasing oil production from the North Urtabulak oilfield. Here the Company operates under a Production Enhancement Contract ("PEC") with NHC Uzbekneftegaz, the State oil and gas company and is involved in working to increase oil production. The North Urtubulak field is located in the Kashkadarya region of Uzbekistan south east of the city of Bukhara and within the prolific Amu Darya basin. Tethys Petroleum is planning to further expand production under the PEC through the drilling of new wells and the application of modern production enhancement techniques.

Tethys Petroleum's Uzbek subsidiary, Tethys Petroleum Uzbekistan B.V., has established a representation in Tashkent, the Uzbek capital city and is actively seeking additional projects in Uzbekistan on other producing fields and also projects with exploration potential.



World Bank issues $120M political risk guarantee on Uzbek gas deal
World Bank's MIGA will insure Lukoil drilling investment in Uzbekistan

Friday, June 15, 2012 -
The World Bank said Thursday it has extended a $119.5 million investment guarantee on a deal between Uzbekistan and Lukoil that is expected to spur the economy of the Central Asian state.

The World Bank guarantee secures Uzbekistan’s first project finance deal to develop a gas field with the support of a consortium of international banks.

"We have witnessed first-hand the attention this project has received, mainly for its ability to enable a consortium of international banks to provide project finance in Uzbekistan for the first time," said Abir Burgul, senior underwriter of the World Bank’s political risk insurance arm Multilateral Investment Guarantee Agency, in the MIGA statement.

Joint venture Lukoil Overseas Uzbekistan Ltd will spend the financing on developing the Khauzak-Shady Block and the Kandym Field Group, two significant natural gas prospects.

The deal provides a needed boost for Uzbekistan’s reputation to attract foreign investments.

"Without multilateral organizations' involvement in this project, we would have been hard-pressed to find financing,” admitted a senior financial officer at Lukoil.

BNP Paribas (Suisse), which acted as an agent for the consortium of banks, said the commercial banks would not have backed the project without the political risk insurance from MIGA.

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