TPL Tethys

 
TIDMTPL 
 
Tethys Petroleum Limited: Uzbekistan MOU Signed 
FOR:  TETHYS PETROLEUM LIMITED 
 
TSX, LSE SYMBOL:  TPL 
 
November 18, 2011 
 
Tethys Petroleum Limited: Uzbekistan MOU Signed 
 
TASHKENT, UZBEKISTAN--(Marketwire - Nov. 18, 2011) - Tethys Petroleum Limited ("Tethys" or the "Company") 
(TSX:TPL)(LSE:TPL) today announced it has signed a Memorandum of Understanding ("MOU") with the Uzbek State oil 
and gas company, National Holding Company "Uzbekneftegaz" ("UNG") establishing a programme for Tethys to obtain 
two new Production Enhancement Contracts ("PECs") on two existing oilfields in Uzbekistan. 
 
The MOU represents an agreed timetable up to May 1, 2012 to negotiate for two new PECs one for the Chegara 
Group of fields and one on the West Kruk field. The PECs are expected to be a similar contractual arrangement 
to the PEC that Tethys has over the North Urtabulak Field in Uzbekistan that has operated successfully for some 
10 years. The Chegara and West Kruk fields are located in the same area as North Urtabulak. Under this contract 
Tethys is allocated refined products for the oil it produces and sells these on the export market in United 
States dollars. The Chegara Group of fields is less 
developed than North Urtabulak and Tethys believes that these fields give significant potential for additional 
oil production in the short term. 
 
Mamuka Murjikneli, Regional Manager, commented, "This MOU is an excellent step forward with our partners 
Uzbekneftegaz to work on more oil fields in Uzbekistan. Given the experience and expertise Tethys has in 
Uzbekistan and the region this offers a real opportunity to add to Tethys' existing portfolio of high impact 
projects. These additional fields can be developed in conjunction with our currently producing North Urtabulak 
oil field increasing our short to medium term oil production base and cash flow in Uzbekistan." 
 
Tethys is focused on oil and gas exploration and production activities in Central Asia with activities 
currently in the Republics of Kazakhstan, Tajikistan and Uzbekistan. This highly prolific oil and gas area is 
rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered 
deposits. 
 
This press release contains "forward-looking information" which may include, but is not limited to, statements 
with respect to our operations. Such forward-looking statements reflect our current views with respect to 
future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form 
for the year ended December 31, 2010 for a description of risks and uncertainties relevant to our business, 
including our exploration activities (which are incorporated herein by reference). The "forward looking 
statements" contained herein speak only as of the date of this press release and, unless required by applicable 
law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of 
new information, future events or otherwise. 
 
 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Tethys Petroleum Limited 
Sabin Rossi 
Vice President Investor Relations 
Office: +1 416 572 2065 
+1 416 572 2201 (FAX) 
info@tethyspetroleum.com 
 
OR 
 
In Europe: Tethys Petroleum Limited 
Veronica Zhuvaghena 
Vice President Corporate Communications 
Office: +44 1481 725911 
+44 1481 725922 (FAX) 
www.tethyspetroleum.com 
Mobile site: m.tethyspetroleum.com 
 
OR 
 
In Asia-Pacific: Quam IR 
Anita Wan 
Associate Director 
Office: +852 2217 2999 
+852 2217 2999 (FAX) 
 
 
Tethys Petroleum Limited 
 

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