MONSTER RNS
Tethys Tajikistan Resource Upgrade 27.5 Billion BOE !!!!!!!!
DUSHANBE, TAJIKISTAN--(Marketwire - July 19, 2012) - Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) is pleased to announce that it has received an updated independent Resource Report for its Tajikistan assets. These cover an area of approximately 35,000 sq. km and the estimated gross unrisked mean recoverable resources are 27.5 billion barrels of oil equivalent (BOE). Key Points: =- Gross unrisked mean recoverable prospective resources of 27.5 billion barrels of oil equivalent (BOE), consisting of: =- Gross unrisked mean recoverable prospective resources of 114 trillion cubic feet (TCF) of gas =- Gross unrisked mean recoverable prospective resources of 8.5 billion barrels (Bbbls) of oil and condensate =- Upgrade due to seismic data, gravity data acquisition and interpretation and well data Dr David Robson, Chairman, President and Chief Executive Officer of Tethys, added:
"This hugely significant increase in our estimated resources in Tajikistan transforms our prospective resource base. I believe that these unrisked mean prospective resources are significantly greater than the estimated remaining reserves and unrisked resources in the UK North Sea(1). Geological and geophysical work undertaken has shown that Tethys is operating in a world class basin with enormous and untapped potential." "The deep prospects being pursued in Tajikistan have 'super-giant' potential and any exploration success will be transformational for the Company. These additional seismic data will help to identify the location of the first deep, sub-salt well drilled in Tajikistan targeting extremely large prospective resources."
Transformational Potential !!!