OREANDA-NEWS. May 26, 2010. Tethys Petroleum Limited (hereafter- "Tethys" or the "Company") (TSX: TPL) announced its Q1 Y2010 production results. Q1 results with the comments and management analysis are registered with Canadian securities regulation agencies. Copies of registered documents are available at the SEDAR website at www.sedar.com or Tethys website at: www.tethyspetroleum.com. Financial data are attached to the press release, reported the press-centre of KASE.

Highlights

- Thanks to three private offerings in Q1, the Company raised over USD55 m (gross).

- The Company received USD2.1 m revenues from sales of gas and oil as compared with USD0.5 in Q1 Y2009.

- The Company registered USD7.9 m net losses before tax against USD6 m in Q1 Y2009.

- Capital expenditures reached USD4.4 m against USD4.2 m in Q1 2009. Tajikistan-based joint venture's capital expenditures reached USD2.3 m against USD6.0 m in Q1 Y2009.

- Production costs reached USD0.97 m against USD0.28 m in Q1 Y2009.