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Tethys (TPL)

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Tuesday 24 April, 2012

Tethys

Notification of Transactions of Directors/Perso...



                                     Tethys Petroleum Limited

                            Notification of Transactions of Directors/
                Persons Discharging Managerial Responsibility and Connected Persons

Tethys  Petroleum  Limited (the "Company") hereby makes notification that the following  Directors
and  Persons Discharging Managerial Responsibility ("PDMR") were granted certain options under the
Company's 2007 Long Term Stock Incentive Plan on Monday 23rd April 2012 as detailed below:

                                                                                           Total
                                                 Total                                   number of
                                                 amount       Number                       options
                                                paid for        of                          held
                       Date of      Date of      grant        options        Exercise     following
Name                    grant        expiry                  granted*          price     notification

Directors                                                                             
Mr J Hammond          23/04/12     22/04/17            0      270,000       CAD0.88       2,300,000
Mr R Hammond          23/04/12     22/04/17            0      120,000       CAD0.88         828,000
Mr P Johnson          23/04/12     22/04/17            0      120,000       CAD0.88         828,000
Ms E Landles          23/04/12     22/04/17            0      270,000       CAD0.88       2,565,000
Mr P Lilley           23/04/12     22/04/17            0      120,000       CAD0.88         861,000
Mr B Murphy           23/04/12     22/04/17            0      240,000       CAD0.88       2,505,000
Mr J Rawls            23/04/12     22/04/17            0      120,000       CAD0.88         654,000
Mr M Rhodes           23/04/12     22/04/17            0      120,000       CAD0.88         654,000
Dr D Robson           23/04/12     22/04/17            0      420,000       CAD0.88       4,557,000

PDMRs                                                                                               
Mr I Philliskirk      23/04/12     22/04/17            0       90,000       CAD0.88       1,425,000
Mr G Wall             23/04/12     22/04/17            0      180,000       CAD0.88       1,692,000

*       The options vest in three tranches: one third immediately, one third in one year and one
        third after two years.

This announcement is made in accordance with the requirements of DTR 3.1.4.

Elizabeth Landles
Corporate Secretary
Tethys Petroleum Limited
Tel: +44 1481 725911

24th April 2012

Tethys Petroleum Limited