Tethys EBITDA Rises in January-September

November 15, 2013

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) on November 14 announced its third quarter 2013 financial results and gave an update on its operations in Kazakhstan. These figures are headlined by the 2013 EBITDA figure adjusted for share-based payments for the nine months to September 30, 2013 being more than seven times than that achieved in the same period of 2012.

Nine months 2013 vs. Nine months 2012:

•    EBITDA adjusted for share-based payments of USD9.7 million compared to USD1.3 million in 2012

•    2013 loss before tax of USD4.5 million (2012: loss of USD15.7 million)

•    2013 loss after tax of USD7.0 million (2012: USD16.8 million)

•    2013 total oil and gas revenues up 15%

Source: Tethys Petroleum Press Office, 2013