Tethys Petroleum Limited announced the appointment of Denise Lay as Vice President Finance. Denise is a Fellow of the Association of Chartered Certified Accounts (FCCA) and has more than 15 years post qualification experience. Denise worked for KPMG for six years including an 18-month secondment to Moscow. Between 2000 and 2006 Denise held the position with the Gallaher Group as Finance Director responsible for Finance, IT and Legal for Kazakhstan, Russia, Africa and the Middle East and between 2007 and 2009 as Finance Director of NRG International Limited a subsidiary of Ricoh. Other positions included a spell as an internal auditor with Chevron, an accounting tutor with ATC International dealing with students from the Ukraine and Eastern Europe and as a consultant with DSL Consultancy Services.

Tethys Petroleum Limited provided an update on its drilling activities in Central Asia. Exploration well AKD01, which is the company's first 'deep' well in the Akkulka Block ('Akkulka') in Kazakhstan, reached a total depth of 3,414 m (11,200 ft) in what is interpreted to be the Triassic sequence. This well had targets in the Cretaceous/Jurassic sequence and in the underlying Triassic sequence. East Olimtoi exploration well EOL09 is currently at its next planned casing point at a depth of 2,910 m (9,547 ft). This well is being drilled in the south east part of the Bokhtar PSC area, south of Kulob and just to the north of the Panj river. The location for the next North Urtabulak field development well, NUR116 has now been selected within the relatively undrilled 'NW salt zone' of the field. Contract negotiations are being finalised with Xibu Drilling Engineering Company Limited (part of Great Wall Drilling Company) to commence drilling of this well on a turnkey basis. The site is being prepared and drilling is expected to commence once the rig, which is already at the field, is erected. It is expected that the new well will be put on production immediately it is completed.

Tethys Petroleum Limited provided an update on its drilling activities in Kazakhstan and Tajikistan. Kazakhstan Exploration well AKD01, which is the company's first 'deep' well in the Akkulka Block in Kazakhstan, is currently at a depth of 3,414 metres (11,200 feet) in what is interpreted to be the Triassic sequence. This well has targets in the Cretaceous/Jurassic sequence and in the underlying Triassic sequence. Electric logs have now been run over the upper part of this interval and these logs have been independently interpreted. In parallel to the results of these logs, hydrocarbon indications were also observed during drilling. Operations continue on the East Komsomolsk well KOM200. After encountering a significant gas influx whilst drilling the upper section of this well work has been underway to kill the well and to stabilise it for drilling ahead. The gas influx is thought to be coming from a fracture tapping into the deeper potential gas reservoir (one of the targets for the well) and after some extensive work the well has been successfully killed, casing run and cemented and preparations are now been made to drill ahead. East Olimtoi exploration well EOL09 is currently drilling ahead and is at a depth of 2,782 metres (9,127 feet), in the Neogene sequence. This well is being drilled in the south east part of the Bokhtar PSC area, south of Kulob and just to the north of the Panj river.