Saturday, June 06, 2009 6:17:02 PM
MNAP should run higher next time.
MNAP was at a price of 6$ without pump or anything. just to have good fields in some countries. After some drill starts delayed and the finance crisis was hit the world...MNAP made a down move.
But now…it will be turning.
Kyrgyzstan will be drilling in some days or drilling has been started. Normally the company put out a news release and on santos website we don’t find anything about a drill start. So we believe it will be in some days…next week. There was another delay cause a technical problem two weeks ago.
In Kyrgyzstan Manas has signed a US $56 million farm-out agreement with Santos a large independent Australian oil and gas producer covering its 1.2 billion barrels in place, light oil play (independent resource evaluation Scott Pickford, 2005).
http://www.santos.com/Content.aspx?p=91
North Azar 1 Fergana / Kyrgyzstan Oil 0-50 70.0 Q2 09
East Chongara 1 Fergana / Kyrgyzstan Oil 0-50 70.0 Q2 09
Santos holds 70% on these fields. 5% hold national Kyrgyzneftegas. MNAP has 25%. 1.2 bn bbl and infrastructure can be used short for delivering to refinery in the North.
That’s just the small part of cake, which we will have fun in next weeks. 2 wells will be drilled at first. If they hit there conceivability… further 4 wells will be drill.
The big one will be Albania. The costs will be much higher. Present negotiations with possible partners will end in some days. I wait for that farm-out. Later, if MNAP will have just 20% … 3 Billion recoverable resources are enough. Albania is ready to drill. Some years ago, Shell was in Albania and made seismological analysis. Cause political disturbances…Shell went out of Albania…MNAP went in.
Info Albania (2007) BB: http://www.undiscoveredequities.com/manasgustavson.pdf
Actual information’s: http://www.manaspetroleum.com/s/Presentations.asp
These two parts will give a good news flow next weeks and months.
But that is not all.
MNAP has 5 parts in the world.
Kyrgyzstan…Albania…Chile…Mongolia…Tajikistan
1. Albania 12.3 Billion STOOIP(P50)
• 100%, operated by Manas):
• Ongoing 600 KM 2-D seismic program managed
• Deep prospects ready to drill
2. Mongolia
• 74 % - 90%, operated by Manas
• 39.048 km2 acreage adjacant to one of Chinas largest Oilfields
3. Kyrgyzstan 1.2 Billion STOOIP (P50)
• 25%, operated by Santos
• Farmed out and fully carried by Australian major „Santos“
• Ongoing seismic program
• First well announced to be drilled by Santos in Q2 2009
4. Tajikistan 800 Million STOIP (P50)**
• 90%, operated by Santos
• Farm out and carry by Australian major „Santos“ (option farm-in signed)
• Ongoing seismic program
5. Chile 2.9 TCF Gas
• 20%, operated by Geopark
• Farmed out and caried by local operators Geopark and Pluspetrol
• in 6.600 km2 proven oil system (1.6 million acres)
**Option farm in signed with Santos
We have 3 fields with (P50)…that’s the hugh potential.
target next two weeks...1$ without Albania.
With Albania and maybe some weeks: who knows...maybe 1,50$...2,50$...3.50$ or more
there is enough newspower next time
MNAP was at a price of 6$ without pump or anything. just to have good fields in some countries. After some drill starts delayed and the finance crisis was hit the world...MNAP made a down move.
But now…it will be turning.
Kyrgyzstan will be drilling in some days or drilling has been started. Normally the company put out a news release and on santos website we don’t find anything about a drill start. So we believe it will be in some days…next week. There was another delay cause a technical problem two weeks ago.
In Kyrgyzstan Manas has signed a US $56 million farm-out agreement with Santos a large independent Australian oil and gas producer covering its 1.2 billion barrels in place, light oil play (independent resource evaluation Scott Pickford, 2005).
http://www.santos.com/Content.aspx?p=91
North Azar 1 Fergana / Kyrgyzstan Oil 0-50 70.0 Q2 09
East Chongara 1 Fergana / Kyrgyzstan Oil 0-50 70.0 Q2 09
Santos holds 70% on these fields. 5% hold national Kyrgyzneftegas. MNAP has 25%. 1.2 bn bbl and infrastructure can be used short for delivering to refinery in the North.
That’s just the small part of cake, which we will have fun in next weeks. 2 wells will be drilled at first. If they hit there conceivability… further 4 wells will be drill.
The big one will be Albania. The costs will be much higher. Present negotiations with possible partners will end in some days. I wait for that farm-out. Later, if MNAP will have just 20% … 3 Billion recoverable resources are enough. Albania is ready to drill. Some years ago, Shell was in Albania and made seismological analysis. Cause political disturbances…Shell went out of Albania…MNAP went in.
Info Albania (2007) BB: http://www.undiscoveredequities.com/manasgustavson.pdf
Actual information’s: http://www.manaspetroleum.com/s/Presentations.asp
These two parts will give a good news flow next weeks and months.
But that is not all.
MNAP has 5 parts in the world.
Kyrgyzstan…Albania…Chile…Mongolia…Tajikistan
1. Albania 12.3 Billion STOOIP(P50)
• 100%, operated by Manas):
• Ongoing 600 KM 2-D seismic program managed
• Deep prospects ready to drill
2. Mongolia
• 74 % - 90%, operated by Manas
• 39.048 km2 acreage adjacant to one of Chinas largest Oilfields
3. Kyrgyzstan 1.2 Billion STOOIP (P50)
• 25%, operated by Santos
• Farmed out and fully carried by Australian major „Santos“
• Ongoing seismic program
• First well announced to be drilled by Santos in Q2 2009
4. Tajikistan 800 Million STOIP (P50)**
• 90%, operated by Santos
• Farm out and carry by Australian major „Santos“ (option farm-in signed)
• Ongoing seismic program
5. Chile 2.9 TCF Gas
• 20%, operated by Geopark
• Farmed out and caried by local operators Geopark and Pluspetrol
• in 6.600 km2 proven oil system (1.6 million acres)
**Option farm in signed with Santos
We have 3 fields with (P50)…that’s the hugh potential.
target next two weeks...1$ without Albania.
With Albania and maybe some weeks: who knows...maybe 1,50$...2,50$...3.50$ or more
there is enough newspower next time
MNAP till next week we should see drillstart after some delays. At first Kyrgyzstan and later Albania...Both good parts...Kyrgyzstan with Santos...Albania...we will see in some days. But Alb
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