09:50 AM EST - Tethys Petroleum Limited : announced that it has effectively doubled the net price of the gas which it is selling in Kazakhstan. New gas price after marketing and distribution costs $65 U.S. ($72.80 U.S. including VAT) per 1,000 cubic metres (previously $32.50 U.S. including VAT for the Kyzyloi and Akkulka Fields). Current total production 430,000 cubic metres (15.2 million cubic feet or 2,530 barrels oil equivalent) per day. Further production increases achievable through the tie-in of other already drilled wells, and targeting shallow gas prospective resources. Tethys Petroleum Limited
shares T.TPL are trading up $0.02 at $0.56.
