2012-12-07

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

7 December 2012


Tethys Petroleum Limited

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

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1. Name of the issuer        2. State whether the notification relates to (i)
                                a transaction notified in accordance with DTR
                                3.1.2 R, (ii) a disclosure made in accordance
TETHYS PETROLEUM LIMITED        with LR 9.8.6R(1) or (iii) a disclosure made
                                in accordance with section 793 of the
                                Companies Act (2006).

THE DISCLOSURE IS MADE IN ACCORDANCE WITH DTR 3.1.2 R

3. Name of person discharging      4. State whether notification relates to a 
managerial responsibilities/       person connected with a person discharging
director                           managerial responsibilities/director named
                                   in 3 and identify the connected person:
IAN PHILLISKIRK                    N/A

5. Indicate whether the notification    6. Description of shares (including 
is in respect of a holding of              class), debentures or derivatives 
the person referred to in 3 or 4           or financial instruments relating 
above or in respect of a non-beneficial    to shares
interest(1)
                                           WARRANTS
WARRANTS WILL BE BENEFICIALLY OWNED.

7. Name of registered shareholders(s) 8. State the nature of the transaction
and, if more than one, the number         
of shares held by each of them            ACQUISITION

IAN PHILLISKIRK

9. Number of shares, debentures or   10. Percentage of issued class acquired 
financial instruments relating to       (treasury shares of that class should 
shares acquired                           not be taken into account when 
                                          calculating percentage)

232,620 WARRANTS                          21.48%

11. Number of shares, debentures      12. Percentage of issued class disposed 
or financial instruments relating      (treasury shares of that class should 
to shares disposed                      not be taken into account when 
                                        calculating percentage)

N/A                                     N/A

13. Price per share                     14. Date and place of transaction
or value of transaction 
CAD 0.64                                01 DECEMBER 2012, GUERNSEY

15. Total holding following             16. Date issuer informed of transaction
notification and total percentage 
holding following notification             5 DECEMBER 2012
(any treasury shares should not be 
taken into account when calculating 
percentage)

232,620 WARRANTS
0.16%

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant                   18. Period during which or date on which
                                        exercisable

19. Total amount paid (if any)      20. Description of shares or debentures
for grant of the option involved 
(class and number)

21. Exercise price (if fixed    22. Total number of shares or debentures over
at time of grant)                   which options held following notification
or indication that price is 
to be fixed at 
the time of exercise 

23. Any additional information   24. Name of contact and telephone number for
                                    queries
N/A                                 
                                    LIZ LANDLES
                                    TEL: 01481 725911

Corporate Secretary

Date of notification: 06/12/2012

Contact: 
Tethys Petroleum Limited