Tethys Petroleum Limited ("Tethys") (TSX:TPL)(LSE:TPL), the oil and gas
exploration and production company focused on Central Asia and the Caspian
Region, is pleased to announce the success of Well AKK19, the third shallow gas
exploration well of its 2014 programme. Analysis of data from the well indicates
it has a pay zone twice as thick as the AKK15 well which tested gas at a stable
rate of approximately 7 million cubic feet (195,000 cubic metres or 1,167
barrels oil equivalent) per day, and the AKK19 well is anticipated to test at
significantly more than that rate.


The AKK19 well was drilled to a depth of 800 metres (2,624 feet) some 5
kilometres (3.1 miles) south-east of AKK15 and encountered an 8 metre (26 feet)
interval of gas bearing Tasaran sand with an average porosity of 30%. This
compares favourably to the AKK15 well which encountered a 4 metre (13.1 feet)
gas-bearing interval of similar quality, and which will be tied in as part of
this year's programme. The AKK19 well will now be cased and prepared for
production testing later in the year in conjunction with the AKK17 and AKK18
wells in order to be cost effective with resources.


The current shallow gas programme includes the drilling of up to 10 new
exploration wells, based on the latest seismic data, as well as workovers and
tie-ins, and is targeting a three fold increase in gas production by the
beginning of 2015.


Graham Wall, Chief Operating Officer of Tethys commented, "This is a very good
result and log indications would suggest we could test the well significantly in
excess of the flow achieved from the AKK15 well. We now have three successes
from the first three wells in this year's shallow gas programme and continues to
validate our geological model with further wells planned on similar targets in
the vicinity."


Tethys is focused on oil and gas exploration and production activities in
Central Asia and the Caspian Region. 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, the potential for successful discoveries and their
commercialization, and our exploration targets. Such forward-looking statements
reflect our current views with respect to future events and are subject to
certain assumptions, the fact that the Company will be successful in confirming
the existence of the accumulations of petroleum in respect of its exploration
targets, and subject to certain risks and uncertainties, including the risk that
limited discoveries will result from exploration wells and as a result the risk
that any or all of the prospective resources will not become recoverable. See
our Annual Information Form for the year ended December 31, 2013 for a
description of risks and uncertainties relevant to our business, including our
exploration activities. The "forward looking statements" contained herein speak
only as of the date of this press release and, unless required by applicable
law, the Company undertakes no obligation to publicly update or revise such
information, whether as a result of new information, future events or otherwise.


A barrel of oil equivalent ("boe") conversion ratio of 6,000 cubic feet (169.9
cubic metres) of natural gas = 1 barrel of oil has been used and is based on the
standard energy equivalency conversion method primarily applicable at the burner
tip and does not represent a value equivalency at the wellhead.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tethys Investor Relations
Tethys Petroleum Limited
Sabin Rossi
Vice President Investor Relations
srossi@tethyspetroleum.com


Media / IR Enquiries - London
FTI Consulting
Ben Brewerton
+44 207 831 3113


Asia Pacific
Quam IR
Anita Wan
+852 2217 2999


Tethys Petroleum Limited
info@tethyspetroleum.com
Web: http://www.tethyspetroleum.com
Twitter: https://twitter.com/tethyspetroleum