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    TPL   KYG876361257

TETHYS PETROLEUM LIMITED

(TPL)
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Tethys Petroleum : Interim Results

05/13/2021 | 09:10am EDT

Email: info@tethys-group.com

Website: www: tethys-group.com

May 13, 2021

Tethys Petroleum Press Release

(TSXV: TPL)

Interim Results

Tethys Petroleum Limited ("Tethys" or the "Company") today announced that it has filed its Interim Results for the three months ended March 31, 2021. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com.

Operations update

Tethys is in the process of drilling KBD-03 and at last report was at a depth of 400 meters. In addition, Tethys will drill another well (KBD-06) offset to KBD-02. The rig/equipment for drilling KBD-06 has been delivered to the drill site and drilling is scheduled to begin on May 15th. Tethys drilled AKD-12 in 2020 and is now moving forward with testing the well. The logs indicated three potential zones for testing for gas production. The test is expected to be completed by the end of May.

The Company is continuing to work toward getting additional financing from a line of credit from a Kazakhstan bank and/or from presales of oil.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.

Disclaimer

Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Tethys Petroleum

Casey McCandless

Chief Financial Officer

info@tethys-group.com

901-763-4001

www.tethys-group.com

Registered Office: 190 Elgin Avenue, George Town, Grand Cayman, KY1-9005, Cayman Islands

Disclaimer

Tethys Petroleum Limited published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 13:09:06 UTC.


ę Publicnow 2021
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Financials
Sales 2020 13,0 M - -
Net income 2020 -38,5 M - -
Net Debt 2020 3,80 M - -
P/E ratio 2020 -0,92x
Yield 2020 -
Capitalization 54,7 M 54,8 M -
EV / Sales 2019 4,75x
EV / Sales 2020 4,34x
Nbr of Employees 280
Free-Float 51,7%
Chart TETHYS PETROLEUM LIMITED
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Tethys Petroleum Limited Technical Analysis Chart | TPL | KYG876361257 | MarketScreener
Income Statement Evolution
Managers and Directors
William Paul Wells Executive Chairman & Chief Executive Officer
Casey Scott McCandless Chief Financial Officer
Adeola Ogunsemi Independent Non-Executive Director
Abay Amirkhanov Independent Non-Executive Director
Mattias Sjoborg Non-Executive Director
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