Mongolia
Manas Petroleum Corp., Baar, Switzerland, signed production sharing contracts covering blocks 13 and 14 in southeastern Mongolia.
Apr 28th, 2009
By OGJ editors
HOUSTON, Apr. 28 -- Manas Petroleum Corp., Baar, Switzerland, signed production sharing contracts covering blocks 13 and 14 in southeastern Mongolia.
The blocks total almost 5 million acres along the border with China 500-600 km southeast of Ulaanbaatar.
Manas has identified several leads from seismic and plans to start a $1.6 million nondrilling exploration program in mid-2009.
Manas holds 74% interest in the blocks. A Mongolian oil and gas company and two investors hold the rest.
