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).

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MNP Petroleum Corp

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Comment by murdochjakon Feb 05, 2015 8:54am

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Post# 23398435

RE:News - Agreement Enables Initiation of Exploration Strategy

MurrayMac wrote: Very good!

- it would appear that MNP [90%] and Somon [10%] are going to go it alone on the exploration wells, rather than give up 70% on a farmout. I have stated before, that I find this quite favorable for us shareholders, for a large portion of the risk has been removed from these exploration prospects, due to the proximity of the proven Fergana Basin and similarity to nearby producing fields
cubic feet of associated gas. The Net Asset Value on such a discovery would be US$956 million.

It wouldn´t be very far-sighted for co like MNP. And what i heard MNP mngmt isn´t foolish to play this card. Farm-in discussions are going on...

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