Tethys Petroleum Limited: Uzbekistan Exploration MOU Signed
February 01 2012 - 6:39AM
UK Regulatory
TIDMTPL
Tethys Petroleum Limited: Uzbekistan Exploration MOU Signed
FOR: TETHYS PETROLEUM LIMITED
TSX, LSE SYMBOL: TPL
February 1, 2012
Tethys Petroleum Limited: Uzbekistan Exploration MOU Signed
TASHKENT, UZBEKISTAN--(Marketwire - Feb. 1, 2012) - 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"). The objective of this MOU is to provide
the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain
exploration blocks in the North Ustyurt Basin of Uzbekistan.
Dr. David Robson, Chief Executive Officer of Tethys, commented, "This MOU is an excellent step forward with our
partners Uzbekneftegaz to potentially work together on exploring the North Ustyurt basin in Uzbekistan - a
basin in which we have already had good exploration success. We believe that our extensive modeling of the
Doris oil discovery and surrounding area can be very useful if applied to the Uzbek portion of the basin which
we believe has very similar geological characteristics and excellent oil and gas prospectivity."
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.
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
www.tethyspetroleum.com / Mobile site: m.tethyspetroleum.com
OR
In Europe: Tethys Petroleum Limited
Veronica Zhuvaghena
Vice President Corporate Communications
Office: +44 1481 725911
+44 1481 725922 (FAX)
OR
In Asia-Pacific: Quam IR
Anita Wan
Associate Director
Office phone/fax: +852 2217 2999
Tethys Petroleum Limited
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