PresseBox
Press release BoxID: 450691 (MNP Petroleum Corporation)
  • MNP Petroleum Corporation
  • Bahnhofstraße 9
  • 6341 Baar
  • http://www.manaspete.com
  • Contact person
  • Roger Jenny
  • +41 (44) 71810-30

Manas Announces Results of Annual and Special Meeting of Stockholders

(PresseBox) (Baar, Switzerland, ) Manas Petroleum Corp. ("Manas") (TSX?V: MNP; OTCBB: MNAP) is pleased to announce that it has issued to Dr. Werner Ladwein, a member of its Board of Directors, 2,000,000 shares of its common stock. This share issuance was approved by its shareholders at the Annual and Special Meeting of Stockholders held on September 22, 2011.

MNP Petroleum Corporation

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 Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyz Republic, Manas has signed a US$54 million farm‐out agreement with Santos International, a subsidiary of one of Australia's largest oil and gas companies. In addition to the development of its Kyrgyz Republic project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly‐owned subsidiary Gobi Energy Partners GmbH, but 26% of the beneficial ownership interest in these blocks is held in trust for others.