About Manas Board of Directors

Q & A with Chairman

Code of Conduct

What are the key points for Manas' operations?

We have demonstrated we can execute our plan of acquiring large concessions. After the Albanian Government's final approval we will have over 6,000 Kilometers of exceptionally prospective oil lands in our inventory. We also have shown we are capable of taking them to the next stage that is farming them out, as the Kyrgyz concessions are already being explored through our joint venture with Santos. I think it is important to note that we are working hard to acquire concessions of similar size and quality. While these things are difficult to predict, we are confident that we will be successful and that farm-outs similar to the Santos deal should quickly follow.

Knowing this I think the farm-out is a great deal for Santos and a great deal for Manas as at the end of the day we will end up with 25% of any commercial discovery at no cost.

Expand on the Kyrgyz play and your growth ambitions in Central Asia?

I think the Kyrgyz Republic really has been a late starter when it comes to developing its oil and gas potential and we're really excited to have what are probably the country's best lands just as its development is finally getting underway.

This is a great beginning for our company and I think it should be taken as an example of the kind of deals our investors should expect us to keep generating. Really it's an ideal combination of diversity, as the concessions have multiple high impact very high quality targets. It also eliminates the financial risk and cost, as Santos is paying the bills. It's a win-win situation for Manas and its shareholders.

Why should investors consider Manas as a long-term investment opportunity?

Well, you don't explore and develop six thousand square kilometers over night, which is to say there remains exceptional growth potential over the coming years with what we already have. Also, if we can continue to successfully execute our strategy of acquiring and farming-out more large oil concessions we will have numerous areas with serious growth potential. I would also add that we are careful to focus on areas where the political risk is reasonable and that the oil should easily get to market. We like the Kyrgyz Republic also for this reason. China, which needs more oil, is a neighbor, the Americans have an air base there, and one of our concessions is right next to a Petrofac oil refinery.