| | Manas Petroleum has a 50% interest in a consortium with Improved Petroleum Technology a Texas based independent Company in the 6,600 square Kilometer (1.6 million acre) Tranquilo block in the Magallanes Basin, Southern Chile. The existence of a petroleum system is proven by the Tranquilo gas field and in the wells Esperanza 1, San Jose 1 and El Salto 1. The Tranquilo block's southern boundary begins approximately 30 Km North coast of Skyring Sound and it has 1,428 Km of 2D seismic and 33 wells. |
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