Tethys Petroleum Ltd. (TETHF)

[gsfl]

Trend (2/6/12) "Tethys Petroleum Ltd. and Uzbek State oil and gas company Uzbekneftegaz signed a memorandum of understanding on Feb.1 aimed at providing 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. It was reported earlier that Uzbekneftegaz and Tethys signed a memorandum of understanding in November, 2011, providing for new contracts to increase the production rate in two oil fields—Chegara and West Kruk in Uzbekistan."