Cohen Independent Research Group Issues a "BUY" Rating with a $6.56 Target Price for Manas Petroleum (OTCBB: MNAP)

Cohen Independent Research Group Issues a "BUY" Rating with a $6.56 Target Price for Manas Petroleum (OTCBB: MNAP)

Manas Petroleum (OTC BB: MNAP)A new research report has been issued on Manas Petroleum by Cohen Independent Research Group, Wall Street's leading independent research firm, with a "BUY" recommendation and a $6.56 long-term price target.

About Cohen Independent Research Group:
Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Cohen Independent Research Group includes nine PhD's (three with MD's), two MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries. For more information readers can visit the company's website at www.cohenresearch.com.

Click Here For Manas Report

Manas Petroleum is an international oil and gas company focusing on activities in South-Eastern Europe, Central Asia and South America. In Albania, Manas has developed a large exploration project with a total resource potential (P50) of 3 billion barrels (Gustavson 2008). Four blocks are now drill-ready. The council of ministers recently ratified the production-sharing contracts on two blocks to DWM Petroleum, a subsidiary of Manas. A 51-101 compliant estimate is now being prepared. In Kyrgyzstan, Manas has signed a $54 million USD farm-out agreement with Santos LTD ADR (PK: STOSY) covering it's 1.2 billion barrels in place (Scott Pickford, 2005). Drilling is currently underway. Manas' development of its license in Tajikistan is now covered by an option farm-in agreement with Santos where a seismic program has recently been completed. In Chile, Manas and its U.S. partner, IPR, farmed out a large natural gas exploration project to a consortium of local operators. In Mongolia, the Company recently completed a phase 1 geological program defining structural trends with potential petroleum accumulations. A seismic program is ongoing. Details of these projects are located on the Company's website: www.manaspete.com.

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