The company is in default.They are in default to the goverment and to their partnership. They have to be sold of be disolved shortly. But here is what investors are looking at.
According to USGS and the EIA reports, the resource potential of the Fergana Basin has 4 billion barrels of recoverable oil, of which 75% is undiscovered.
MNP has a 90% equity interest in the Tajik company CJSC Somon Oil that owns a 100% working interest in two petroleum exploration licenses covered by a Production Sharing Agreement (PSA) in the Fergana Basin in Tajikistan close to producing fields and having significant resource potential.
Furthermore, MNP has acquired a 65% equity interest in EPA.at, an Austrian company, that owns a 57.42% equity interest in Petroleum Sugd, which operates 10 oilfields in the Fergana Basin of Tajikistan with 2P reserves of 30+ MMBO.