Manas Petroleum (OTCBB: MNAP): Update on Huday Nazar SPC 1 wellsite
Set 13 3/8" casing at 280 metres and drilling ahead in 12 1/4" hole at 992 metres, to hydrocarbon objectives between 1680 and 1840 metres. An intermediate wireline evaluation is planned prior to setting 9 5/8" casing at approximately 1500 metres. A second wireline evaluation will be conducted after drilling the 8 1/2 " hole to an approximate TD for the well at 2400 metres. In the event hydrocarbon anomalies are encountered in this well, the well will be tested and subsequently cased and suspended upon confirmation of a commercial flow of hydrocarbon.
Manas Petroleum Corporation (Manas Petroleum) is a development-stage company engaged in the business of exploring for oil and gas, primarily in Central Asia and the Balkans. The Company is focused on the exploration of light oil prospects. The Company carries out operations both directly and through participation in ventures with oil and gas companies to whom it has farmed out a project. The Company is involved in projects in the Kyrgyz Republic, Albania, Tajikistan, Mongolia and Chile.
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