/KASE, August 4, 10/ - Tethys Petroleum Limited (Channel Islands), common
shares of which are listed on Kazakhstan Stock Exchange (KASE), provided to
KASE the following press release of August 3, 2010:
quotation starts
Tethys Petroleum Limited ("Tethys" or the "Company") (TSX: TPL) announced
today that it has signed a Memorandum of Understanding with Holding Energy
Petroleum Engineering Technology (Beijing) ("HOPEC") for HOPEC to assist in
introducing Tethys to Chinese State oil companies and investors to open
discussions for those entities to farm-in to Tethys' assets in Tajikistan.
Tethys is currently seeking a farm-in partner for its assets in Tajikistan and
currently has a data room open in London as part of the farm-out process which
has generated and continues to generate much interest from various oil and gas
companies - these discussions are continuing.
quotation ends
The press release is available on KASE website at:
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_030810.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_030810_e.pdf - in
English.
[2010-08-04]