Move from an explorer to a producer focussing on Central Asia (Fergana Basin)

According to USGS and the EIA reports, the resource potential of the Fergana Basin has 4 billion barrels of recoverable oil, of which 75% is undiscovered.

MNP has a 90% equity interest in the Tajik company CJSC Somon Oil that owns a 100% working interest in two petroleum exploration licenses covered by a Production Sharing Agreement (PSA) in the Fergana Basin in Tajikistan close to producing fields and having significant resource potential.

Furthermore, MNP has acquired a 65% equity interest in EPA.at, an Austrian company, that owns a 57.42% equity interest in Petroleum Sugd, which operates 10 oilfields in the Fergana Basin of Tajikistan with 2P reserves of 30+ MMBO.