Independent Reports

We did not participate in the preparation of these reports and we do not endorse the views expressed in them, nor can we comment on whether any of the facts or projections included in them are accurate. We are displaying a copy to you for your convenience, however, we do not endorse, adopt or otherwise comment on the reports or their contents. We must also caution you that, although we have announced information about our properties from time-to-time, there is no evidence that there exists a commercially viable oil or gas deposit on any of our properties. Further exploration is required before we can evaluate whether any exist and, if so, whether it would be economically feasible to develop or exploit them. We urge you to review our filings on the United States Securities and Exchange Commission's EDGAR database located at www.sec.gov for more information about our company and our properties, including the section of those documents entitled "risk factors".

The United States Securities and Exchange Commission (the "SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable or possible reserves that are anticipated to be economically and legally producible by application of development projects to known accumulations.  Certain terms are used in these reports, such as P50 oil resources, oil in place, barrels of oil, recoverable oil, prospective resources or stock tank volume of oil initially-in-place, that the SEC's guidelines strictly prohibit us from including in filings with the SEC.  Investors are urged to consider closely the disclosure in our annual report on Form 10-K and quarterly report on Form 10-Q available from us at http://www.manaspetroleum.com/s/FinancialReports.asp. You can also obtain these filings from the SEC's EDGAR database located at http://www.sec.gov.

These reports contain information about adjacent properties on which we have no right to explore or develop. We advise investors that the SEC's guidelines strictly prohibit information of this type in documents filed with the SEC. Investors are cautioned that oil and gas reserves on adjacent properties are not indicative of oil and gas reserves on our properties.