RE:RE:May 2014 presentationI know it is a bet but the timing is right. MNP will build it and the consortium will come. Following is from Proactive investor.
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MNP, which recently changed its name from Manas Petroleum, is in negotiations with oil groups in Russia, China and the EU in order to farm out up to 70% of its current 90% interest in CJSC Somon Oil, a subsidiary company that holds two exploration blocks in Tajikistan that have risked resources of more than 400 million barrels of oil equivalent. The company said Friday that CJSC Somon is in the process of ordering the long lead items for the exploration well, and is in discussions with two parties regarding moving a drilling rig onto the site of the first well.
It is all coming together.