New York, NY (Vocus) August 27, 2009
A new research report has been issued on Manas Petroleum by Cohen Independent Research Group, Wall Street's leading independent research firm, with a "BUY" recommendation and a $6.56 long-term price target.
About Cohen Independent Research Group:
Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).
Cohen Independent Research Group includes nine PhD's (three with MD's), two MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries. For more information readers can visit the company's website at http://www.cohenresearch.com.
Click here for the Manas Report http://www.cohenresearch.com/reports/mnap_08-26-09.pdf
Manas Petroleum is an international oil and gas company focusing on activities in South-Eastern Europe, Central Asia and South America. In Albania, Manas has developed a large exploration project with a total resource potential (P50) of 3 billion barrels (Gustavson 2008). Four blocks are now drill-ready. The council of ministers recently ratified the production-sharing contracts on two blocks to DWM Petroleum, a subsidiary of Manas. A 51-101 compliant estimate is now being prepared. In Kyrgyzstan, Manas has signed a $54 million USD farm-out agreement with Santos LTD ADR (PK: STOSY) covering it's 1.2 billion barrels in place (Scott Pickford, 2005). Drilling is currently underway. Manas' development of its license in Tajikistan is now covered by an option farm-in agreement with Santos where a seismic program has recently been completed. In Chile, Manas and its U.S. partner, IPR, farmed out a large natural gas exploration project to a consortium of local operators. In Mongolia, the Company recently completed a phase 1 geological program defining structural trends with potential petroleum accumulations. A seismic program is ongoing. Details of these projects are located on the Company's website: http://www.manaspete.com.
Undiscovered Equities is currently offering a complimentary trial subscription. To view the full report on Manas Petroleum visit: http://www.undiscoveredequities.com
Undiscovered Equities is a leading provider of equity research on high impact oil and gas exploration projects. Our services include research analysis on the energy and precious metals markets, news and financial data, market commentary and the Undiscovered Equities newsletter. Undiscovered Equities' staff of small cap investment professionals are dedicated to providing the investment community with the tools and avenues necessary to capitalize on the energy boom, invest their money wisely and build wealth. To view our newsletter on a complimentary trial basis and take advantage of our other services go to http://www.undiscoveredequities.com and join our email list on our home page.
Disclosure: Undiscovered Equities is not a registered investment adviser and nothing in this release should be construed as a recommendation to buy or sell securities. Undiscovered Equities has been compensated by the above mentioned company for I/R services.
CONTACT: Kevin McKnight, Undiscovered Equities, Inc.
Tel: +1 800 404 8982 e-mail: info(at)undiscoveredequities.com