TPL Tethys

 
TIDMTPL 
 
Tajikistan Seismic Programme Commences 
 
FOR:  TETHYS PETROLEUM LIMITED 
 
TSX, LSE SYMBOL:  TPL 
 
October 30, 2014 
 
Tethys Petroleum Press Release Thursday, October 30, 2014 - Tajikistan Seismic Programme Commences 
 
DUSHANBE, TAJIKISTAN--(Marketwired - Oct. 30, 2014) - Tethys Petroleum Limited ("Tethys" or "the Company" 
(TSX:TPL) (LSE:TPL)) is pleased to announce the next phase of the seismic acquisition programme planned to 
identify the location of the first deep well to be drilled has commenced. 
 
Tethys, with partners Total and CNPC together as Bokhtar Operating Company, signed a contract to acquire a 
large seismic programme to add to the surveys already acquired by Tethys. The recording of this new survey has 
now commenced. Processing of data from the survey will be concurrent so interpretation and mapping will be 
underway before the end of this year.  This data set will assist in the identification of the best possible 
location to spud the first deep well by the end of 2015. 
 
Rosemary Johnson Sabine, Vice President Exploration commented; "Tethys are pleased to see the start of this 
important and technically advanced survey designed to explore this very prospective acreage successfully." 
 
An Independent Resource Report of the Bokhtar PSC (dated June 30, 2012), prepared by Gustavson Associates in 
accordance with Canadian National Instrument 51-101, estimates Gross unrisked mean recoverable prospective 
resources of 27.5 billion barrels of oil equivalent, consisting of 114 trillion cubic feet (3.22 trillion cubic 
metres) of gas and 8.5 billion barrels of oil. 
 
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region 
with activities currently in the Republics of Kazakhstan, Tajikistan and Georgia. This highly prolific oil and 
gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in 
discovered deposits. 
 
The references in this press release to "prospective resources" means those quantities of petroleum estimated, 
as of June 30, 2012, to be potentially recoverable from undiscovered accumulations by application of future 
development projects. Prospective resources have both an associated chance of discovery and a chance of 
development. There is no certainty that any portion of these resources will be discovered. If discovered, there 
is no certainty that it will be commercially viable to produce any portion of these resources. The use of the 
word "Gross" means 100% of the PSC. 
 
The resources estimates contained or referred to are estimates only and are not meant to provide a 
determination as to the volume or value of hydrocarbons attributable to the Company's properties. There are 
numerous uncertainties inherent in estimating quantities of resources and cash flows that may be derived, 
including many factors that are beyond the control of the Company. The following is a non-exhaustive list of 
factors which may have a significant impact on the above estimates of prospective resources: despite the 
classification that they are as yet undiscovered but may be potentially recoverable the Company may be unable 
to carry out the development or their potential recovery; the activity may not be economically viable; the 
Company may not have sufficient capital or time to develop them; there may be no market or transportation 
routes for the production; legal, contractual, environmental and governmental concerns might not allow for the 
recovery being undertaken; reservoir characteristics might prevent recovery. The recovery of the resources is 
subject to the following risks and uncertainties: market fluctuations, the proximity and capacity of oil and 
gas pipelines and processing equipment, government regulation, political issues, export issues, competing 
suppliers, operational issues (exploration, production, pricing, marketing and transportation), extensive 
controls and regulations imposed by various levels of government, lack of capital or income, the ability to 
drill productive wells at acceptable costs, the uncertainty of drilling operations, factors such as delays, 
accidents, adverse weather conditions, and the availability of drilling rigs and the delivery of equipment. 
 
This press release contains "forward-looking information". Such forward-looking statements reflect our current 
views with respect to future events and are subject to certain assumptions, including the assumption that the 
seismic programme will be sufficient to identify the best possible location or a location for the first 
exploration well. See our Annual Information Form for the year ended December 31, 2013 for a description of 
risks and uncertainties relevant to our business, including our exploration activities. The "forward looking 
statements" contained herein speak only as of the date of this press release and, unless required by applicable 
law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of 
new information, future events or otherwise. A barrel of oil equivalent ("boe") conversion ratio of 6,000 cubic 
feet (169.9 cubic metres) of natural gas = 1 barrel of oil has been used and is based on the standard energy 
equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency 
at the wellhead. 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Tethys Petroleum Limited 
Sabin Rossi 
Vice President Investor Relations 
srossi@tethyspetroleum.com 
 
OR 
 
Media / IR Enquiries 
Asia Pacific 
Quam IR: 
Anita Wan 
+852 2217 2999 
 
OR 
 
info@tethyspetroleum.com 
Web: http://www.tethyspetroleum.com 
Twitter: https://twitter.com/tethyspetroleum 
 
 
 
Tethys Petroleum Limited 
 

Tethys (LSE:TPL)
Historical Stock Chart
From Sep 2024 to Oct 2024

Tethys (LSE:TPL)
Historical Stock Chart
From Oct 2023 to Oct 2024