Tethys Petroleum Announces Klymene Resource Report

Grand Cayman, Cayman Islands--(Newsfile Corp. - July 17, 2020) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today provides a corporate update.

Klymene Resource Report

Given the recently released results on KBD-02 (Klymene), management thought shareholders may be interested in seeing additional information on the prospect. Tethys is pleased to provide a resource report prepared in 2014 on the Klymene Prospect and has posted this report to the company's web site (under Company Reports). The report provides a map of the production area and prospective resource estimates for the Klymene Prospect by reservoir. While these resource estimates are preliminary and not reserve estimates, this report may provide helpful information on both the potential and risks with the development of the field.

About Tethys

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.

Disclaimer

Some of the statements in this document are forward-looking. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Tethys Petroleum
Casey McCandless
Chief Financial Officer
901-763-4001
info@tethys-group.com

www.tethys-group.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59975

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