OREANDA-NEWS. September 22, 2010. Tethys Petroleum Limited (hereinafter referred to as 'Tethys' or Company') (TSX: TPL) announces it has made a contract on gas trade which provides positive operational cash inflow to the Company.  The subject of the contract is initial gas trade in the gas field Akkulovskoye in Kazakhstan; and the contract shall double the volume of gas production and increase more than twice income from gas trade. The first supply under the contract is expected this month, reported the press-centre of KASE.

Tethys Bernard Murphy, the Financial Director, says: 'This is a key point for the company as gas production in the field Akkulovskoye in addition to the current operational inflow provides a positive operational cash inflow to the whole Company generally, which shall create a strong foundation for further growth, including expected increase in oil production in Kazakhstan from 750 barrels of oil per day (BOD) up to 3, 000-4, 000 BOD in the second quarter of 2011, and also in the form of expected increase in oil production in Uzbekistan thanks to our program for radial drilling and operations in new horizontal wells. 

We need to provide cash inflow for the period, when we analyze perspective oil discovery Doris' in Kazakhstan and perform further oil development in neighboring surroundings, in order to turn to self-financing in the future.

The full version of Tethys Petroleum Limited press-release is available on the website of KASE at http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_160910.pdf