MNP Petroleum Corp MNAP

Energy Oil & Gas E&P

MNP Petroleum Corporation is engaged in the business of exploring for oil and gas, primarily in Central and East Asia. The Company is involved in the exploration projects in Tajikistan and Mongolia. The Company has a working interest in over oil fields located in the Fergana basin in Tajikistan. The Company carries out its operations both directly and through participation in ventures with other oil and gas companies. As of September 30, 2015, the Company has not commenced planned principal operations. The Company's subsidiary includes DWM Petroleum AG (DWM). DWM holds an equity interest in CJSC Somon Oil (Somon). Somon owns interests in approximately two Petroleum Exploration Licenses, which include Zapadnyi (West) and Severo-Zapadnyi (North West) blocks, onshore Tajikistan (Somon Licenses). Somon Licenses cover an area of approximately 840 thousand acres (over 3,396 square kilometers).

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MNP Petroleum Corp

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Comment by staolinon Apr 05, 2012 9:10am

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Post# 19762158

RE: MNP no way to play PMI

If PMI has a 50% interest in its blocks then PMI has a 32% ownership of the blocks via the shares it holds.

Any value of PMI beyond the cash they now hold is speculative. There isn't really any value, just bets that there will be in the future. If PMI turns the blocks into production then MNP will be sitting pretty with 1.15 PMI shares owned for each share of MNP (assuming .70 warrants are not exercised... which is the likely outcome).

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