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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 murdochjakon Feb 05, 2015 1:18pm
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Post# 23400046

RE:We all knew this was coming, but i'ts good to see

RE:We all knew this was coming, but i'ts good to see
Little detail - one well TD 4.500m 20MM gross to dril/complete and test, the second TD 5.500m 25MM. And where are overcost - in exploratory campain often x-faxctor 1,2-1,3, especially with TD more than 12.000 feet. Sidetracks etc, even tech. skilled operators with huge teams of geoscientists/geologists, drilling enginners... Again there is no reason to dril on their own, i´m glad that they are discussing/negotiating farm-in partners. Cash form Vagobel is more safely and carefully invested in rehab PetroSugd projects. Only one important point - they (MNP) should maintain operatorship in explo licences.
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