OREANDA-NEWS. August 10, 2010. 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, reported the press-centre of KASE.

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.