Current Report Filing (8-k)
February 05 2015 - 5:04AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 5,
2015
MNP Petroleum Corporation
(Exact name of registrant as specified in its charter)
Nevada |
333-107002 |
91-1918324 |
(State or Other Jurisdiction |
(Commission |
(I.R.S. Employer |
of Incorporation) |
File Number) |
Identification No.) |
Bahnhofstrasse 9, 6341 Baar, Switzerland
(Address of principal executive offices) (Zip Code)
+41 (44) 718 10 30
(Registrants
telephone number, including area code)
N/A
(Former name or former address, if
changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e -4(c))
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A copy of our press release dated February 5, 2015 is furnished
herewith.
- 3 -
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
MNP PETROLEUM CORPORATION
By:
/s/ Peter-Mark
Vogel |
|
Peter-Mark Vogel |
|
Chief Financial Officer, Treasurer and Secretary |
|
Date: February 5, 2015 |
|
Company Obtains Three Year Extension of
Exploration Period on
Western License in Tajikistan
---
Agreement Enables Initiation
of Exploration Strategy
BAAR, SWITZERLAND, February 5, 2015
MNP Petroleum Corp. (MNP) (TSX-V: MNP; OTCQB: MNAP) is
pleased to announce that CJSC Somon Oil, a 90% subsidiary of DWM Petroleum AG,
has obtained a three-year extension of the term of its Western Oil Exploration
License (Zapadnyi). Under the provisions of the Production Sharing Agreement,
Subsoil Law and Licensing Law, the License has been extended until July 25,
2017. The Northwestern License (Severo-Zapadnyi) expires on July 28, 2016.
Dr. Werner Ladwein, President and CEO, said we are delighted
to receive the three year extension and this will enable us to start
implementing our strategy for the Fergana Basin in Tajikistan. The focus in
exploration is currently on drilling of the Kayrakkum B well. We have entered
into negotiations with potential rig providers and we will order the outstanding
LLIs (Long Lead Items). Current Rig availability and the LLI schedule should
allow for a spud date beginning of the third quarter 2015.
About MNP
MNP is an international oil and gas company with primary focus
on exploration and development in Central Asia and Mongolia. In Tajikistan MNP
owns 90% working interest in a Production Sharing Agreement covering the license
areas Zapadnyi and Severo-Zapadnyi in the Soughd region through its wholly-owned
subsidiary DWM Petroleum AG, and it owns a 37% working interest in eight
producing oilfields. In Mongolia, MNP owns 74% of the working interest in two
Production Sharing Contracts covering Blocks XIII and XIV through its
wholly-owned subsidiary DWM Petroleum AG.
As part of its strategy to fund its development and exploration
assets, the Company entered into an agreement with Stichting VB Vagobel in early
October, 2014 to provide up to $67 million, in a combination of equity and debt.
The Company expects the transaction to close and funding to commence by February
19, 2015.
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:
Peter-Mark Vogel |
Chief Financial Officer & Corporate Secretary |
MNP Petroleum Corp. |
Bahnofstr. 9, P.O. Box 155 |
6341, Baar |
Switzerland |
Tel: +41 44 718 10 30 |
Fax: +41 44 718 10 39 |
Email: info@mnppetroleum.com |
Web: www.mnppetroleum.com |
|
Robert Giordano |
J. Streicher Capital |
Investor Relations - USA |
55 Broadway, 3rd floor |
New York, NY 10006 |
USA |
Tel: +1 917 327 3938 |
Email : rgiordano@jstreichercapital.com |
|
Dr. Georg Hochwimmer |
Investor Relations - Europe |
General Research GmbH |
Phone: +49 89 2500 4330 |
Email: hochwimmer@generalresearch.de
|
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 Companys expectation that it will be able to
negotiate acceptable agreements with rig contractors and order the LLIs, that it
can spud Kayrakkum B by the beginning of the third quarter and that the Vagobel
transaction will close and begin funding on February 19, 2014. 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 MNPs
business, actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future performance
suggested in this press release. These statements are only predictions and
involve known and unknown risks, uncertainties and other factors, including the
risk of unexpected delays arising from field conditions, MNPs ability to raise
the necessary capital and other risks identified in MNPs periodic filings with
the Securities and Exchange Commission on EDGAR. Any of these risks could cause
MNPs 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, MNP does not intend to update
any of the forward-looking statements to conform these statements to actual
results.
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