OREANDA-NEWS. December 12, 2011. Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL)(LSE:TPL) provided an overview of its Tajikistan asset and the recently signed Option Agreement, reported the press-centre of KASE.

- Tethys has a Production Sharing Contract for 25-years (signed June 2008) covering an area of 35,000 km2.

- Excellent commercial terms: Tethys takes 91% of the oil/gas during the cost recovery period and 70% after costs have been recovered. There are no other taxes, levies or duties.

- The Afghan-Tajik basin is part of and an extension of the Amu-Darya basin, one of the most prolific gas/condensate basins in the world. The Amu-Darya basin has many giant fields such as the South Yolotan Field in Turkmenistan with 749 TCF reserves (the second largest gas field in the world) and Tethys believes Tajikistan has similar potential.

- Tethys is targeting the same stratigraphic horizons in Tajikistan existing below the salt layer. These horizons have never been drilled.

- 1.14 Billion barrels oil equivalent (7 TCF) audited unrisked Prospective Resources are contained within the block.