Mongolia: Exploratory drilling seen in mid-2012

Manas Petroleum Corp. said its Gobi Energy Partners LLC subsidiary completed a seismic survey in Mongolia and is focusing on six areas in order to meet the corporate goal of spudding the first well before end of the second quarter of 2012.

The seismic contract with Sinopec provided for a firm program consisting of 532 line-km of full-fold data and an optional program of up to an additional 1,106 km full-fold data. The program consisted of eight phases.

Acquisition began Aug. 25, 2011, and on Nov. 25 after completing the first seven phases and the key line of the last phase, Manas finished the program having shot 1,311 line km of full-fold data. If after interpretation Gobi determines that it requires further data, that would be shot in 2012.

The survey involved a real time check process that enabled the operator to adjust the program on a just-in-time basis. After quality control by field processing, accepted data were transmitted via internet to the fast-track processing office and forwarded to the Manas G&G team for fast interpretation. Individual lines and whole phases were changed to the needed focus.

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