MAC Capital appointed to advise Tethys Oil on private placement of shares and listing on the DIFX

Tethys is an oil and gas exploration company listed on the First North (OMX Nordic Exchange) in Sweden with assets in Oman, Turkey, Spain, France, Morocco and Sweden. Following the successful June 2007 oil drilling test programs on Block 15 in onshore Oman (in which Tethys has a 40 per cent interest), Tethys acquired a 50 per cent interest in Oman Blocks 3 and 4 which, with a combined area of over 30,000 square kilometres, currently makes Tethys one of the largest onshore oil and gas concession holders in Oman. Tethys now intends to further cement its commitment to the Gulf region through a capital raising in the Middle East and Asia, and a listing on the DIFX.

Magnus Nordin, Managing Director of Tethys, said:

"We anticipate that the highly anticipated co-operation between Bourse Dubai and OMX will assist us to broaden our shareholder base and will strengthen our relationships with investors in the Gulf. A secondary listing on the DIFX will complement our primary listing on the First North OMX Nordic Exchange and is logical given our operations in the region, namely the success of our drilling operations in Oman. Of all of our exploration and production sites in seven countries, we are truly excited about the promising production potential of Block 15 in Oman. The new capital raised during the private placement will be used primarily to ramp-up the operational timetable in Oman."

MAC is the flagship of the MAC Group, a global collaboration of financial institutions and prominent business people. The MAC Group has already developed a reputation as a specialist in mid-tier cross border transactions, as a leader in U.A.E. equity research and as a first-rate equity broker on all U.A.E. markets.

"Tethys' listing on the DIFX will allow investors based in the Middle East to trade the shares through their local brokerage accounts. We are thrilled to be involved in the listing of the first oil and Gas Company on the DIFX. The DIFX itself has generated a lot of interest with the listing of DP World in November last year. We would like to build on this momentum. We expect a number of high-quality primary and secondary listings to follow the DP World listing and a rapid growth in interest from local and international investors alike," commented MAC's founder and Chairman, Robert W. McMillen.