InvestorsHub Logo
Followers 35
Posts 3348
Boards Moderated 1
Alias Born 08/02/2006

Re: None

Friday, 08/07/2009 1:12:43 PM

Friday, August 07, 2009 1:12:43 PM

Post# of 211
MNAP update

Msg 985 of 986 at 8/7/2009 11:05:39 AM by egyinvestor

The following message was and updated on 8/7/2009 11:07:10 AM.

UPDATE
I received an unsolicited update call from S FLA. ALL OF THE following info was passed on.

1 The 70 mm FARM IN deal with Santos in Tajeekistan is now winding up with an announcement coming possibly as early as next week.
2. The second Krygstan well to be spudded next week will be seeking an enclosure 10x the size of the first well with a potential of 30to 50 mm barrels. The target is at 2400 meters
3 Details on the Albania plan shoul be released near the end of the month. They are planning a deep well which could produce light oil with a lifting cost of 2$ a barrel . If the well is successful they could potentially have as much or more cash flow than Bankers Petroleums very extensive heavy oil project. No details yet on who the partner or partners might be.
4. The recent heavy selling was the result of a failed takeover attempt. The ousted director had brought in other investors to try and gain control of Manas but when it failed he took his consortium to another project. The total shares distributed were in the 3 to 4 million range.
5 Our contact believes this quiet period should be used for additional buying before the news.

I have added soome more shares this am at .45. Cheers to all MNAP longs.




MNAP is drilling. At first Kyrgyzstan and later Albania...Both good parts...Kyrgyzstan with Santos...Albania...we will see in some days.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.