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| Manas Petroleum is an international oil and gas company with primary focus on exploration and development in south-eastern Europe, Central Asia and Mongolia. In Kyrgyzstan Manas has farmed-out to Santos Ltd., a large independent Australian oil and gas producer, 70% of its interest in 5 licenses for a work program commitment of $54 million. The development of the company's neighboring Tajikistan license is covered by an option farm out agreement with Santos. In Mongolia Manas has through its 100% owned subsidiary DWM Petroleum AG an interest of 74% in two production sharing contracts covering Block 13 and 14. In Albania Manas has through its 100% owned subsidiary DWM Petroleum AG an equity interest of 32 % in Petromanas Energy Inc. Manas is currently maturing its enormous resource potential by acquiring seismic and drilling. |
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