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Last $0.08 USD
Change Today +0.0028 / 3.76%
Volume 65.4K
MNAP On Other Exchanges
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

mnp petroleum corp (MNAP) Snapshot

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52 Week High
09/17/14 - $0.17
52 Week Low
08/6/14 - $0.04
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mnp petroleum corp (MNAP) Details

MNP Petroleum Corporation, an exploration stage company, explores and develops oil and gas properties primarily in central and East Asia. It owns exploration projects in Mongolia and Tajikistan, as well as is involved in oil and gas activities in Albania, France, and Australia. The company was formerly known as Manas Petroleum Corporation and changed its name to MNP Petroleum Corporation in January 2014. MNP Petroleum Corporation is based in Baar, Switzerland.

32 Employees
Last Reported Date: 03/31/15

mnp petroleum corp (MNAP) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $243.5K
Chief Financial Officer, principal Accounting...
Total Annual Compensation: $231.0K
Compensation as of Fiscal Year 2013.

mnp petroleum corp (MNAP) Key Developments

MNP Petroleum Corporation Provides Operations Update for Tajikistan Exploration Project and Tajikistan Redevelopment Project

MNP Petroleum Corporation provided operations update. For Tajikistan Exploration Project, Somon Oil intends to spud the first well on the Western License in the beginning of the third quarter 2015. The plan is to drill three wells in a row. For Tajikistan Redevelopment Project, a field development program for the first five years has been developed. This program consists of light work overs (such as changing pumps, tubing, pumping units and clean ups), heavy work overs (plug backs, reperforations, stimulations, fishing and casing repairs) and new wells mainly in the shallow fields. The program will also include replacing the gathering lines, the pumping units and setting up the necessary operating facilities. Additionally it will include seismic for development. With this program production will be increased in a short period.

MNP Petroleum Corporation Auditor Raises 'Going Concern' Doubt

MNP Petroleum Corporation filed its 10-K on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, BDO Visura, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

MNP Petroleum Corp. Announces Stichting VB Vagobel Requests Further Extension of Closing Date of Private Placement Transaction Pending Finalization of Banking Instrument

MNP Petroleum Corp. announced that pursuant to the terms of the binding private placement agreement dated November 30, 2014 Stichting VB Vagobel has requested to extend the Closing date to March 26, 2015. Vagobel has recently informed MNP that, due to the complex nature of its own restructure, which involves various banks and other projects of Vagobel, Vagobel requires additional time to finalize its financing facility. In discussing the terms of the requested extension, both parties have agreed that, as a closing guarantee and a sign of continued commitment, Vagobel will issue on behalf of MNP an irrevocable Standby Letter of Credit in the amount of USD 62 million. The parties are discussing the terms of the Standby Letter of Credit.


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