Tethys Petroleum Limited announced production update: The KBD-02, KBD-06, and KBD-07 wells are in their trial production phase and are averaging about 350 tons per day. The KBD-03 well is in its 90 day production period in the Aptian zone and is producing approximately 110 tons per day using a 9 mm choke. On the KBD-08 well, the Company performed a successful selective acid treatment in the Jurassic zone proving the existence of an oil reservoir.

Although the well did not flow naturally post acidizing job, it may be produced by artificial lift techniques. The decision has been made to isolate the Jurassic and re-complete the well in the upper zone, Barremian, then perform production testing. Exploration update: The Company completed the drilling on the 600 meter KUL-04 gas well and no gas reservoirs have been discovered.

This well has been plugged and abandoned. The KBD-04 well drilling has reached a depth of over 1,500 meters and is expected to be completed around June 20th. The Company does plan to go forward with the acquisition of additional 2D seismic in regards to potential oil prospects.