TETHYS OIL’S NOMINATION COMMITTEE FOR THE AGM 2013

In accordance with the resolution at the Annual General Meeting (AGM) in Tethys Oil on 16 May 2012, a Nomination Committee shall be formed. Tethys Oil’s Nomination Committee for the AGM 2013 consists of the following members:

TETHYS AFFILIATE IN LITHUANIAN FARMOUT

Tethys affiliate Jylland Olie Aps, part of the Danish Odin Group, has participated in a farmout to Chevron Corporation relating[.....]

Tethys Oil’s bonds listed on NASDAQ OMX Stockholm

Tethys Oil AB (publ) (”Tethys Oil”) disclosed on August 31, 2012, that the company issues a secured three-year bond loan of SEK 400 million. The bonds have been listed on NASDAQ OMX Stockholm with first day of trading being Friday October 12, 2012. The bonds have ISIN number SE0004808129.

NEW OIL DISCOVERY ONSHORE OMAN – EXPLORATION WELL FLOWS 2,400 BOPD ON TEST

The exploration well B4EW3 on Block 4 onshore Oman has been successfully completed. At an initial flow test, the well flowed at a rate of 2,400 BOPD from the Khufai formation. B4EW3 has been connected to the production facilities at the Saiwan East oilfield to undergo a long term production test.

Tethys Oil issues three year bond loan

Tethys Oil AB (publ) (“Tethys”) issues a secured three-year bond loan of SEK 400 million. The bonds are issued at[.....]

Second quarter and Six months report 2012

second quarter 2012 ·41% increase in 2C contingent resources to 13.8 mmbo ·Export pipeline works completed on Block 3 and[.....]

TETHYS OIL UPDATES OMANI OIL RESOURCES

As per June 30, Tethys Oil's net working interest resources oil base in the Sultanate of Oman amounts to 13,8 million barrels of oil (“mmbo”) of 2C contingent resources, an increase by 41% compared to December 31, 2011.

CHANGED DATE FOR TETHYS OIL’S INTERIM REPORT

Tethys Oil's interim report for the period 1 January 2012 – 30 June 2012 will be published on 28 August instead of 20 August as was previously announced.

LITHUANIA EXPLORATION WELL COMPLETED

The work programme on the exploration well Skomantai-1 on the Gargzdai licence onshore Lithuania has been completed. The well has[.....]

Next report

Year end report 2012 (January – December 2012) will be published on 12 February 2013   Tethys calendar

LITHUANIA EXPLORATION WELL STARTS DRILLING

Drilling of the Skomantai-1 well on the Gargzdai license onshore Lithuania has started. The primary target of this exploration well[.....]

TETHYS OIL INTENDS TO UNDERTAKE A DIRECTED NEW SHARE ISSUE

Tethys Oil AB (publ) (the “Company”) intends to undertake a directed new share issue aimed at Swedish and international investors of up to 3 million shares (the “Issue”). The newly issued shares will constitute at maximum approximately 9.2 percent of the total shares in the Company prior to the Issue.

OPERATIONAL UPDATE – OMAN

Drilling and development continue as planned on Blocks 3 and 4 onshore Oman, and production volumes are at record levels. Infrastructure construction is making good progress with additional pipeline constructions and major units being put into place.

OPERATIONAL UPDATE – LITHUANIA

• Tethys Oil's share of Lithuania interest production during first quarter 2012 amounted to 14,508 barrels of oil corresponding to[.....]

TETHYS OIL’S RESOURCES IN OMAN

Tethys Oil's net working interest resources oil base in the Sultanate of Oman as per December 31, 2011, amounts to 9,8 million barrels of oil (“mmbo”) of 2C contingent resources in Oman. The contingent resources have been audited by independent petroleum consultant DeGolyer and MacNaughton.

ANNUAL GENERAL MEETING OF TETHYS OIL

The shareholders of Tethys Oil AB (publ) are hereby invited to attend the Annual General Meeting on Wednesday May 16th 2012, at 3 p.m. at Van der Nootska Palatset, St. Paulsgatan 21 in Stockholm.

Q2 2012

Third quarter and Nine months report 2012

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P Reserves of 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).