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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
Comment by johnboyltdon Oct 13, 2012 2:30pm
143 Views
Post# 20480960

RE: RE: RE: RE: I do not understand people here

RE: RE: RE: RE: I do not understand people here

They couldn't wait to see what happened to PMI, they would have lost the Tajak project, it was too competitive, hence the fast, low priced, sale. Their problem seems to be that they do not recognize the negative implication of increasing the stock float. That news alone dropped the stock in half as investors hedged their bets to an expected dilution despite the managements claims that they won't dilute. I said to them on the call that they are very innovative geologically hence Santos and Shell but naive on the investment and financial side because of the request to increase the float. It shows in the price unfortunately.

Hopefully the Geology will overcome these problems.Fimgers crossed.

Bullboard Posts