OREANDA-NEWS. May 19, 2009. Tethys Petroleum Limited, common shares of which are listed on the special trading floor of the Regional Financial Center of Almaty, provided Kazakhstan Stock Exchange (KASE) with a press release, reported the press-centre of KASE:

Tethys Petroleum Limited ("Tethys" of "the Company") (TSX: TPL) is pleased to inform the company prepared an initial independent report on deposits and resources of its assets in Tajikistan. These assets belong to a Tethys's subsidiary - Kulob Petroleum Limited under the Agreement on production division in Bokhtarskiy region comprising about 34,751 sq. meters at the South West of Tajikistan. This is the first report made regarding such assets according to Canadian national standard NI 51-101. The report was prepared by TRACS International, Great Britain, deposit auditor.

So far, Tethys bored no wells in Tajikistan, the main attention was paid to the seismic exploration program, which is to be finished in 2009, operation on active wells, which allowed to receive valuable data regarding prospects of further boring and limited gas mining.

Conclusions from this report give grounds to strategic plans of Tethys regarding the beginning of works in Tajikistan and access to larger areas for the purpose of exploration to prepare potential due to company growth in future, and creation of conditions for financial flows from explored deposits.