The sides discussed current state of exploration works at the fields in Uzbekistan. The sides considered ways of increasing hydrocarbons production and speed up activity in this direction.

Tethys representative expressed intend of the company to expand cooperation within new projects. Robson said the work in Uzbekistan became main sphere of Tethys activity in the region.

Tethys Petroleum Limited is an oil and gas exploration and production company listed on the Toronto Stock Exchange (symbol “TPL”) and the Regional Financial Center of Almaty (“RFCA”) Special Trading Floor of the Kazakhstan Stock Exchange, where it was the first foreign oil and gas company to be accepted for listing.

Tethys Petroleum is focused on the prolific sedimentary basins of Central Asia and the Caspian Region, with its current projects in Kazakhstan, Tajikistan, and Uzbekistan.

Tethys Petroleum Group currently has offices in Aktobe, Almaty, Astana, Boston, Bozoi, Dushanbe, Geneva, Guernsey, London, Toronto and Washington DC.

According to Tethys Petroleum, the newly acquired North Urtabulak oil project in Uzbekistan contributed approximately US$1.6 million of the company’s second quarter 2009 revenues. Oil production from the North Urtabulak field attributable to Tethys in the second quarter 2009 averaged 914 barrels of oil per day (bopd) compared to current net production which is some 1,000 bopd.

As earlier reported, Board of Directors of British-Canadian company Tethys Petroleum Limited adopted decision to hold its meeting in Uzbekistan.