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MNP Petroleum Corp MNAP

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).


GREY:MNAP - Post by User

Bullboard Posts
Post by EnergyHunter1on Jul 21, 2012 11:52am
148 Views
Post# 20138153

I like this company

I like this company

I opened a small starting position a little while back in this one. My thought process at the time was that I wanted and needed to invest in various plays, and outside of Africa, where the bulk of my investments in oil and gas lie. I got in to MNP almost by accident, as I was doing DD on PMI, and came across this one. I was interested in their upcoming Mongolia campaign, decided it was the better play, so I got in.

Today, I'm a whole lot more interested in MNP than I was back then, in part due to Tethys Petroleum's Tajikistan resource estimate. 27 bbop on their block, wow. I honestly paid little attention to the fact they had a Tajikistan project as well, like I said, I invested for Mongolia originally. Along with Tethys Petroleum, I believe this play is just what I've been looking for to get in to Central Asia. I'm in, and will begin acquiring a much larger position. Good luck. EH1.

Bullboard Posts