ST. PETER PORT, GUERNSEY, Dec 01, 2008 (MARKET WIRE via COMTEX News Network) — Tethys Petroleum Limited (“Tethys” or the “Company” (TSX: TPL)) is pleased to announce the appointment of Ian Philliskirk as the Company’s General Counsel. Ian will take up his position once he has served the relevant notice period with his current employer. He will be responsible for all legal and associated matters within the Tethys Group of Companies related to current and future exploration and development contracts, sales contracts, acquisitions and disposals, financings, corporate compliance etc. Ian will also become a Vice President of the Company and, as a member of the senior management team, will be closely involved in the further development of the Company’s business.
Ian joins the Company from the UK law firm, Pinsent Masons LLP, where he is currently a Director based in London and responsible for the energy sector with particular focus on the oil and gas industry. Prior to joining Pinsent Masons, Ian was Group Legal Manager and Company Secretary of the Emirates National Oil Company (“ENOC”) in Dubai, a company with substantial assets in all sectors of the oil and gas industry including exploration and production, refining and marketing, terminaling, shipping, gas and LPG, and the retail sector. He was Legal Advisor and Company Secretary of Dragon Oil plc, a public oil and gas exploration and production company operating in Turkmenistan and Yemen. Ian also has experience of working in other industry sectors including work in the Caspian Region, and has also served in the Treasury Solicitors. Ian holds a LL.B (Hons) degree from University College, London and is a Barrister of Lincoln’s Inn, having been called to the Bar in 1993.
Commenting on the appointment, Dr David Robson, Chairman, President and Chief Executive Officer of Tethys, said; “I am delighted that Ian is joining us. He has a strong track record working in energy in our focus region and will, I am sure, be a key member of our team as we develop our business in Central Asia. In addition, Ian’s commercial experience in the area allied with his legal background will further strengthen our corporate development team both with respect to further development of our current assets and possible acquisitions and farm outs in the future.”
Tethys is focused on oil and gas exploration and production activities in Central Asia with activities currently in the Republics of Kazakhstan and Tajikistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
This press release contains “forward-looking information” which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December 31, 2007 for a description of risks and uncertainties relevant to our business, including our exploration activities.
Tethys Petroleum Limited is listed on the Toronto Stock Exchange (TSX) with the symbol “TPL” and on the RFCA in Almaty, Kazakhstan.
In Kazakhstan, PG Communications
Ardak Akanov, Managing Director
Office phone/fax: +7 (727) 272 8867, +7 (727) 272 8237,
+7 (727) 272 7745
Cell: +7 701 711 5604 Email: firstname.lastname@example.org
SOURCE: Tethys Petroleum Limited