Tethys Oil commences drilling on its Moroccan concession

Notes and media contacts

About Tethys Oil AB:

Tethys Oil is a Swedish energy company focused on identification and development for production of oil and natural gas assets in the Middle East, North Africa and Europe. Tethys' strategy is to primarily invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology. In this way, high returns can be achieved with limited risk.

The company has interests in licences in Oman, Morocco, France, Spain, Turkey and Sweden. The shares are listed on First North (TETY) in Stockholm. Remium AB is Certified Adviser.

About MAC Capital Limited:

MAC Capital Limited is regulated by the Dubai Financial Services Authority and is a member of the DIFX. The group's shareholders include international stock brokers, investment banks and private banks, including:


- Tolhurst Group Limited - Australia
- Quam Securities Co., - Ltd. Hong Kong
- Killik & Co. - United Kingdom
- Syrus Securities Plc. - Thailand
- Banque Morval - Switzerland
- Capital Partners Securities Co., Ltd. - Japan
- Lloyd Edward-Jones - France

and a number of prominent international businessmen.

In Dubai, its affiliate MAC Sharaf Securities (U.A.E.) LLC, is a fully licenced stock broker on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) and its Dubai-based partners are the Sharaf Group and Major General Mohammed Abdul Rahim Al Ali.

Media contacts:

Mr. Robert W. McMillen
Chairman
MAC Capital Limited
Suite 115, Building 4, Gold & Diamond Park
Interchange 4, Sheikh Zayed Road
P.O. Box 122723, Dubai, U.A.E.
Tel: +971-4-409-7170
Fax: +971-4-409-7270

Mr. Gerhard Hametner
Director
MAC Capital Limited
Suite 115, Building 4, Gold & Diamond Park
Interchange 4, Sheikh Zayed Road
P.O. Box 122723, Dubai, U.A.E.
Tel: +971-4-409-7177
Fax: +971-4-409 7277