DUBAI, UNITED ARAB EMIRATES -- (Marketwired) -- 09/11/13 -- Tethys Petroleum (TSX: TPL) (LSE: TPL) today announced the appointment of Stephen Elliott to the position of Vice President Project Development.
Steve has been with the Company since April 2009. In his new corporate role, Steve will now have overall responsibility for Tethys' operated projects at the project stage in all countries of focus. In the last few years, Steve has lived and worked in the key operations areas in key senior management positions and his practical working knowledge of the current operations will be invaluable to him in his new role. He is currently General Manager of the Uzbek development projects and is General Director Designate of our Georgian operating company and will continue in these roles in the short term. Recently he has also served as General Director in the Kazakh operating companies and his successor there, Mikheil Ninua, will now report to Steve in his new capacity.
Steve was originally trained as a geologist but has spent the rest of his career working in project management mainly with Baker Hughes prior to his move to Tethys. He has spent over 14 years working in the former Soviet Union and has experience in other parts of world including Africa and the North Sea.
In addition, Mark Sarssam has been appointed to the new position of Senior Vice President where he will also be responsible for global new ventures and associated related business development. Currently, Mark is Vice President Reservoir Development and has worked for the Company since 2011. Mark previously worked for Dragon Oil plc, where he worked as New Ventures Advisor and Head of Reservoir Development focused on the successful Cheleken oil and gas Block, (Lam and Zhdanov fields) in the Caspian Sea, offshore Turkmenistan. Prior to his work with Dragon Oil, he was employed by Shell as a Senior Reservoir Engineer and Field Leader.
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region with activities currently in the Republics of Kazakhstan, Tajikistan, Uzbekistan and Georgia. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
The appointment of Stephen Elliot is subject to the approval of the Toronto Stock Exchange.
Contacts:
Tethys Petroleum Investor Relations:
Sabin Rossi
Vice President Investor Relations
srossi@tethyspetroleum.com
Media Contacts:
FTI Consulting - London
Ben Brewerton / Natalia Erikssen
+44 207 831 3113
Quam IR - Asia Pacific
Anita Wan
+852 2217 2999
Tethys Petroleum Limited
info@tethyspetroleum.com
Web: http://www.tethyspetroleum.com
Mobile site: m.tethyspetroleum.com
