OREANDA-NEWS. August 22, 2011. Tethys Petroleum Limited ("Tethys" or the "Company" (TSX:TPL, LSE:TPL) provided an update in conjunction with its financial results for the quarter ended June 30, 2011, reported the press-centre of KASE.

Operational Update

RECENT HIGHLIGHTS

Kazakhstan

- AKD05 appraisal well flowed at over 1,500 bopd of good quality oil.

- KBD01 (Kalypso) exploration well close to total depth.

- Drilling operations commenced on AKD, an appraisal well of the Doris oil discovery targeting the cretaceous sand.

- Stage 2 oil production facilities installed.

Tajikistan

- East Olimtoi exploration well EOL09 has reached total depth and electric logs are currently being run.

- New exploration well "Persea 1" spudded with total depth expected to be 2,700 metres.

- Aeromagnetics and gravity gradiometry survey underway.

Uzbekistan

- Initial jet pump trial on the North Urtabulak oilfield successful.

- Negotiations continue on new production and exploration contracts.