Stock price of Manas Petroleum Corporation (OTC:MNAP) has not been much stable over the past days. Yesterday, the stock 
lost 4.76%, while its traded volume jumped up at once.
Nevertheless, the situation for Manas might change today, due to the latest news and promotions.
Yesterday, the MNAP reported that on May 7, 2012 the Government of the Republic of Tajikistan has ratified the Production Sharing Agreement with the company’s subsidiary, Joint Closed Stock Company Somon Oil.
Under the terms of the agreement, Somon is granted the exclusive right and authority to carry out all petroleum exploration, development and production activities in the contract area for a term of 30 years (with the right, under specified circumstances, to renew for up to two additional five year periods).
The ratification of the PSA was the last step for Santos to exercise its option to farm in pursuant to the option agreement signed between DWM Petroleum AG, a 100% subsidiary of Manas, Santos and Anawak on December 10, 2007.
Apparently, the news was meant to attract investors’ attention, though it was not the only factor to pump up MNAP stock price.
Again yesterday, the stock got promoted by Undiscovered Equities.com, which featured the ratification of the company’s new agreement. The compensation for the alert remained unknown, however, it looks like Manas has ordered it by itself as no third party was involved with the campaign.[BANNER]
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in SE Europe, Central Asia and Mongolia. In end-March, the company filed its 10-K report for the fiscal year ended December 31, 2011. Though, it looks disastrous.
The report is full of risk factors related to the business of Manas and its common stock and it does not provide investors with any options for their investment. Moreover, it alerts the existing stockholders that even if MNAP obtains additional financing through the sale of additional equity in the company, the issuance of additional shares of common stock will result in dilution.
