October 3, 2012

BAAR, Switzerland, Oct. 2, 2012: Manas Petroleum updates on Mongolia | PRNewswire | Rock Hill Herald Online

BAAR, Switzerland, Oct. 2, 2012: Manas Petroleum updates on Mongolia | PRNewswire | Rock Hill Herald Online: "BAAR, SWITZERLAND, OCT. 2, 2012 — /PRNewswire/ -- Manas Petroleum ("Manas") (TSX-V: MNP; OTCBB: MNAP) announces that its subsidiary Gobi Energy Partners LLC, has completed drilling at the Ger Chuluu D1 well. Drilling was stopped after reaching 600 meters without any hydrocarbon shows. After logging the well was plugged and abandoned.

Ger Chuluu D1 was the second well drilled in the Ger Chuluu sub-basin; it was drilled in an effort to achieve a final conclusive answer about the potential of this sub-basin. Costs of both wells amount to USD 1.9 million and were well below budget.

Gobi Energy plans to drill its next well at East Sainshand A prospect but, because the seasonal window closes at the end of October, the well will be postponed to the next seasonal drilling window."

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