New York, NY (Vocus) August 31, 2009
Click here for report: http://www.undiscoveredequities.com/reuters_8_27_09_mnap.pdf
Thomson Reuters, one of the world’s largest stock market analytics firms which is also ranked as one of Britain’s most respected companies, has singled out Manas Petroleum (MNAP) shares as likely to outperform the market based on its “proprietary quantitative model”. Reuter’s description of what this "technical" ranking means is quoted below.
Reuters States: “We cannot guarantee that each stock will perform in accordance with its rank. But we do believe that over the long term, stocks rated Outperform (30% of all stocks we rate) will, in the aggregate, outperform stocks rated Neutral (40% of all stocks we rate), and that stocks rated Neutral will, in the aggregate, outperform stocks rated Underperform (30%). All analysis is based on publicly available company financials, fundamental ratios, relative rankings of financial data and ratios, and observed equity prices”.
So why would a highly conservative financial giant like Reuters suddenly come out and take notice of little Manas Petroleum?
With drilling already underway and the drilling of the very large oil plays by Manas partners now fast approaching; it is only natural that the big players start to take notice. Especially European institutions and investors that would dearly love to reduce their dependence on Russia. What this means to Manas shares I think is quite apparent. As the Thomson Reuters of the world and cheering European investors all jump on the bandwagon in response to the drilling of these giant exploration projects, I think the potential is clear for the pre-crash stock price to again be witnessed, that is the best is yet to come.
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 its 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.
Undiscovered Equities Inc
Tel: +1 800 404 8982