The Fed’s FOMC announcement came out…

We got exactly what I expected, a kind of wishy-washy, “hedging our bets” statement from the Fed. You have to remember that Bernanke was Greenspan’s right hand man for much of the bubble days of the ‘90s and early ‘00s, so the guy is an expert at walking both sides of the line when it comes to policy and public statements.

For instance, the Fed announced it would keep interest rates between 0% and 0.25% for an “extended period.” No surprise there. As I’ve noted previously, 80%+ of the $200+ trillion in derivatives sitting on US commercial banks’ balance sheets are related to interest rates.

For the Fed to hint at raising rates (let alone raise them) would kick off a systemic implosion that would wipe out the very guys the Fed has been bailing out. Suffice to say the Fed won’t be raising interest rates …

MANAS Petroleum Corp. - MNAP.OB Research Report by Cohen Independent Research Group, Inc Brought to you by Dr Stock Pick

Symbol

MNAP.OB

Exchange

OTCBB

Recommendation

BUY

Current Price

0.59

52 Week High/ Low

1.01/ 0.08

Avg volume (3 mo.)

297,563

Shares Outstanding

119.05

Current Market Value (in Mn)

70.24

Beta (36 Month) Average

NA

MNAP.OB 2009

SymbolCohen Price Index Target in $ Cohen Short-Term Price Index Target 1.65 Cohen Medium-Term Price Index Target 3.75 Cohen Long-Term Price Index Target 6.56

_________________________________

INVESTMENT THESIS AND RECOMMENDATION

Manas Petroleum Corp. (OTC BB: MNAP), is an exciting oil and gas exploration and development Company. The Company has a diversified and balanced portfolio of assets with giant hydrocarbon assets in Eastern Europe and Central Asia which were neglected or stranded by former exploration programs. The Company’s oil & gas acreage in Albania, Mongolia, Kyrgyzstan, Tajikistan and Chile have seismically and

...