Tethys Petroleum Limited: Tajikistan Update

Tethys Petroleum Limited (TSX:TPL) updated on its Tajikistan asset and the recent Option Agreement.

As quoted in the press release:

• Tethys has a Production Sharing Contract for 25-years (signed June 2008) covering an area of 35,000 km2.

• Excellent commercial terms: Tethys takes 91% of the oil/gas during the cost recovery period and 70% after costs have been recovered. There are no other taxes, levies or duties.

Click here to read the Tethys Petroleum Limited (TSX:TPL) press release.