| Manas has acquired three production sharing agreements (PSCs) covering six blocks on the northern flank of Albania's oil rich fold and thrust belt. The agreements, which cover blocks A, B, D, E, 2 and 3 have been approved by the National Agency of Natural Resources (AKBN) and was ratified by the Energy Ministry.
Manas completed in February 2010 the transaction with respect of its Albanian project with Petromanas Energy Inc., a Canadian company listed on the TSX Venture Exchange, in exchange for cash and shares of Petromanas Energy Inc. |
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