Tethys Petroleum Limited: Kazakhstan Oil Transportation Update
December 30 2011 - 2:01AM
UK Regulatory
TIDMTPL
Tethys Petroleum Limited: Kazakhstan Oil Transportation Update
FOR: TETHYS PETROLEUM LIMITED
TSX, LSE SYMBOL: TPL
December 30, 2011
Tethys Petroleum Limited: Kazakhstan Oil Transportation Update
BOZOI, KAZAKHSTAN--(Marketwire - Dec. 30, 2011) - Tethys Petroleum Limited ("Tethys" or the "Company")
(TSX:TPL)(LSE:TPL) today provided an update on oil transportation and sales in Kazakhstan.
Due to extremely adverse winter weather conditions, part of the road along which the oil is trucked has been temporarily
closed by the Kazakh authorities. This is the northern section of the route from Shalkar to Emba, which passes through
the Mugodzhar Hills, a highland area more prone to snow drifts. It is expected that trucking to Emba will resume once
the weather conditions improve which is forecast to be soon. To date December oil production loaded to trucks has
averaged 1,860 barrels of oil per day ("bopd").
The southern section of the route, from the Doris field production facilities to Shalkar, the site where Tethys and its
partner are completing a new oil rail-loading terminal, is still open, this section of the road being flatter and less
affected by such weather. The rail terminal is in the final stages of completion following extremely cold weather, which
affected completion of essential concrete works and it is expected that this will be finished in one month's time. At
that time production and sales are anticipated to double to approximately 4,000 bopd.
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, 2010 for a description of risks and uncertainties relevant to our business, including our exploration and
development activities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tethys Petroleum Limited
Sabin Rossi
Vice President Investor Relations
Office: +1 416 572 2065
+1 416 572 2201 (FAX)
info@tethyspetroleum.com
http://www.tethyspetroleum.com
OR
In Europe: Tethys Petroleum Limited
Veronica Zhuvaghena
Vice President Corporate Communications
Office: +44 1481 725911
+44 1481 725922
Mobile site: m.tethyspetroleum.com
OR
In Asia-Pacific: Quam IR
Anita Wan
Associate Director
Office phone/fax: +852 2217 2999
Tethys Petroleum Limited
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