Manas Petroleum Corp., the Swiss-based international oil exploration and development company, stands out in its cost-sensitive approach to acquiring land positions in major oil basins around the world. The Manas strategy is to acquire and farm-out the holdings to partners, with those partners paying all costs until commercial production is undertaken. This approach allows Manas to retain substantial carried interests, maximizing potential growth while significantly reducing financial costs and risk. An additional element of the strategy is diversification, which further reduces risk.

One area of focus for the company is the exploration and development of giant hydrocarbon assets in the former Soviet Union or its satellites. Although Soviet exploration and development technologies were decades behind those of the West, their record keeping of geological results was excellent. These records indicate the existence of numerous and large un-drilled structures with potential oil. In areas where drilling did occur, such as the

Manas Petroleum Corp. is an international oil exploration and development company. Founded in 2004, they have their corporate headquarters in Baar, Switzerland. The company spent its first two years acquiring and developing their Kyrgyz Republic, Tajikistan, and Albanian projects. Trading on the OTCBB, the company’s focus is on exploring and developing projects in Southeastern Europe, Central Asia, and South America. Their portfolio currently consists of over five million acres in five countries.

Manas Petroleum has one project in the Kyrgyz Republic of Central Asia. Here, Manas has acquired and farmed-out to Santos International Holdings Pty Ltd. 70 percent of their interest in six licenses, covering 3,152 square kilometers. This 70 percent farm-out is on condition of Santos funding and conducting a $54 million seismic, exploration, and appraisal-drilling program.

Manas also acquired an exploration license in Tajikistan that is adjacent to Manas Tuzluk Prospect within the Kyrgyz Republic license area. This

Manas Petroleum reported that it has started drilling its second exploratory well in Kyrgyzstan, a country located in central Asia. The well, called the Huday Nazar SPC-1, is set to be drilled to a depth of 2400 meters and take from 30-40 days to complete.

The company has six exploration licenses in Kyrgyzstan covering 3,152 square miles. Manas Petroleum has an agreement with Santos International Holdings Pty Ltd to jointly develop its acreage contained in these licenses. Manas Petroleum is targeting the Fergana Basin, which is located between two existing producing fields nearby.

Oil was first discovered in the Fergana basin in 1901, and the company believes that despite its age, the field can still be explored and developed efficiently on a cost effective basis. Manas Petroleum drilled its first well in Kyrgyzstan in June 2009. The North Ayzar- 1 was drilled to 1950 meters. The