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).

GREY:MNAP - Post by User

MNP Petroleum Corp

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Comment by JS4900on Nov 25, 2014 4:52pm

111 Views

Post# 23163367

RE:RE:RE:Jennings Capital Buying Again...

I don't believe that Jennings is allowed to execute the buyback when the company has material, non-public information. I think the completion, or termination of the Vagobel deal would certainly fall into that category.

It could mean that the deal is still 'in limbo', and they're doing a little more of the buyback in the mean time.

However, just because Jennings are showing up in transactions, doesn't necessarily mean that it has to do with the buyback. They could be executing trades for other institutional investors. From the Jennings website:

"Institutional

Areas of Expertise

Block Trading and Execution for: •Pension Funds •Mutual Funds •Hedge Funds •Corporate Accounts"

https://www.jenningscapital.com/institutional

jmo

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