Manas Petroleum plans gravity survey of oil blocks in Zuunbayan, Tsagaan Els

Switzerland-based Manas Petroleum Corp. has planned an upcoming gravity survey to prepare a 300-km seismic campaign on blocks 13 and 14 in Mongolia. Manas is debt free and believes that it will be able to meet with the existing funds all its cash requirements planned for the next 12 months.

Manas" team of geologists and geophysicists in Ulaanbaatar has initiated the re-interpretation of existing geological data. A plan for environmental protection and restoration has been prepared but is subject to the approval of the Ministry of Environment in Mongolia. Data from a total of 451 existing wells drilled in the Zuunbayan and Tsagaan Els oil field areas and in the company"s prospects has been collected. All well data was translated from Russian and Mongolian into English for analysis by international experts.