OREANDA-NEWS. April 12, 2010. Tethys Petroleum Limited, common shares of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) announced its Annual Results for the period ended December 31, 2009. The full Annual Results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Tethys also announced that it has filed its Annual Information Form ("AIF") which contains reserves data and other information about the Company for the period ended December 31, 2009, and the reports as mandated by National Instrument 51-101. 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.

In 2009 the Company prepared its first financial statements under International Financial Reporting Standards ("IFRS") instead of US GAAP, resulting in a re-statement of 2008 comparatives.

Highlights

- The Company generated revenues from gas and oil sales of USD8.59 million in the year ended December 31, 2009 compared to USD 5.36 million in the  year ended December 31, 2008.

- The Company recorded a net loss of USD 21.506 million in the year ended December 31, 2009 compared to a net loss of USD 22.184 million in the year ended December 31, 2008.

- Capital expenditure in the year ended December 31, 2009 was USD 32.221 compared to USD 42.807 million in the year ended December 31, 2008.

- Operating costs in the year ended December 31, 2009 were USD 3.405 million compared to USD 1.334 million in the year ended December 31, 2008 reflecting the additional operating costs from the Uzbekistan acquisition.

- General and Administrative costs in the year ended December 31, 2009 were USD 16.880 million compared to USD 17.915 million in the year ended  December 31, 2008.