Manas Retains Investor Relations Consultant to broaden European investment community
Baar, Switzerland, December 2, 2011
Manas Petroleum Corp. ("Manas") (TSX-V: MNP; OTCBB: MNAP) is pleased to announce that, effective November 22, 2011, it has retained General Research GmbH ("GR") to provide investor relations and corporate communications services in Europe.
GR is a consulting firm based in Munich, Germany and managed by Dr. Georg Hochwimmer, an investor relations professional with over 10 years of experience providing investor relations services for public companies. Manas has retained GR until November 16, 2013 pursuant to a written agreement in which GR has agreed to assist Manas in organizing road shows, assisting Manas with investor presentations and other activities intended to increase the Company's profile in the capital markets. In return, Manas has agreed to pay to GR a monthly retainer of EUR 5,000 plus out of pocket expenses and it has granted options to purchase 500,000 shares of common stock at an exercise price of US$0.20 per share, which is higher than the closing price, last sale of the day on November 22, 2011, on the OTC BB; these options are to vest in four installments on the sixth, twelfth, eighteenth and twenty-fourth months following the date of grant.
Manas is looking forward to working with GR to broaden awareness of its business and its properties in the European investment community.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyz Republic, Manas has signed a US$54 million farm-out agreement with Santos International, a subsidiary of one of Australia's largest oil and gas companies. In addition to the development of its Kyrgyz Republic project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary Gobi Energy Partners GmbH, but 26% of the beneficial ownership interest in these blocks is held in trust for others.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Roger Jenny
Corporate Secretary
Manas Petroleum Corp.
Bahnofstr. 9, P.O. Box 155
CH-6341 Baar, Switzerland
Phone: +41 44 718 1030
Fax: +41 44 718 1039
Email: info@manaspete.com
Web: www.manaspete.com
Scott Koyich
North America Investor Relations
Brisco Capital Partners Corp.
Phone: +1 403 262 9888
Email: scott@briscocapital.com
Dr. Georg Hochwimmer
Europe Investor Relations
General Research GmbH
Phone: +49 89 2500 4330
Email: hochwimmer@generalresearch.de
DISCLAIMER
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. Forward-looking statements in this press release include the statement that Manas is looking forward to working with GR to broaden awareness of its business and its properties. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of Manas' business, actual results will almost always vary, sometimes materially, from any projections included in this press release. These statements are only predictions and are subject to known and unknown risks, including the risks described in Manas periodic disclosure documents filed on SEDAR and EDGAR, copies of which are also available on the company's website at www.manaspetroleum.com. Any of these risks could cause Manas' or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Except as required by applicable law, including the securities laws of the United States and Canada, Manas does not intend to update any of the forward-looking statements to conform these statements to actual results.