Manas Petroleum starts drilling in Mongolia - Proactiveinvestors (NA): "Switzerland-based Manas Petroleum (CVE:MNP) (OTCBB:MNAP) said it has started drilling in Mongolia.
The company's subsidiary, Gobi Energy Partners, spud its first well in the region, and plans to drill this first well, known as Ger Chuluu A1, to a depth of 1,200 metres and into Jurassic/Paleozoic formation.
Target horizons in Ger Chuluu A1 are Lower Zuunbayan and Tsagaantsav formations, the company said.
Manas expects the well to cost around US$1.8 million, with the well reaching target depth and being logged in mid-September. "
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