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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 JS4900on Oct 01, 2014 12:43pm
156 Views
Post# 22987128

RE:RE:RE:RE:Should investing in Tajikistan be of concern??

RE:RE:RE:RE:Should investing in Tajikistan be of concern??
Actually, looking at paragraph 74, pg.24 again, it appears that the licenses for the 'rehab' areas WERE issued, by decree, in 2002, and they mention at the end of the paragraph on pg. 25 that the decree did not mention four other Dec 2000 agreements (which appear to be for other areas in Tajikistan). -----The ruling of the Tribunal, on pg 97, paragraph B, indicates that their ruling involves those other four Dec. 2000 agreements, (NOT the rehab areas). -----Pg 98, paragraph C , "ALL OTHER CLAIMS BROUGHT BY THE CLAIMANT IN THIS ARBITRATION ARE DENIED". ---------- Once again, I'm not all that concerned about it. ---------- jmo
Bullboard Posts