serious replies only please, page-3

Post something with some research instead of piffle and you might get a serious reply.






FYI...See weblinks below

//Its original project in Kyrgyz Republic has (according to an independent engineering study) a most likely case of P50 1.2 billion barrels based on 10 of 23 reservoir structures already discovered.//


//Central Asia is one of the world’s last relatively low cost energy growth frontiers. Manas already has oil giant CNOOC spending almost a quarter of a billion dollars on drilling oil wells next to its Nanai concession.//
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http://www.equityresearch.li/portfolio.php#19

//The United States Geological Survey estimates that there remains 3.2 billion produceable barrels of oil in the basin and that they should be contained in precisely the type of formations that have been identified on Manas lands.

London based reservoir engineers Scott Pickford Ltd. calculate a potential 1.22 billion barrels in place with 622 Bcf gas from just 10 of the 23 structures so far identified. The engineering group also calculated the Net Present Values discounted at 10% using a mountain of seismic and geological data including well studies. They came up with a NPV10 of US $1.63 billion which rose to $2.39 billion if water injection was used for production.

Clearly we expect to end up with a lot more than the 10 prospects that were the subject of the Pickford engineering studies. Although the results are already exceptional.//
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http://www.undiscoveredequities.com/member-only/stock_picks.html

Fact #1 Kyrgyz is a P50 1.2 billion barrel project. Its original project in Kyrgyz Republic has (according to an independent engineering study) a most likely case of P50 1.2 billion barrels based on 10 of 23 reservoir structures already discovered. Santos, Australia’s third largest energy company is spending $54 million to get it to a commercial level of production. Until this occurs Manas Petroleum’s expenses are paid by Santos for the entire $54 million program. Manas ends up with 25% of the oil production and only when it is judged to flow at economic levels does Manas begin paying development capital costs on a pro-rata basis. We note that last month China agreed to fund gas and oil pipelines which pass either near or through Kyrgyz capital city Bishkek on their way to the Turkmenistan and North Caspian with the intent of eventually importing from the region more that 1 million barrels of oil per day and a trillion cubic feet of gas annually as the areas energy reserves are developed. The Chinese know what they are doing.

Central Asia is one of the world’s last relatively low cost energy growth frontiers. Manas already has oil giant CNOOC spending almost a quarter of a billion dollars on drilling oil wells next to its Nanai concession.