Manas Petroleum Commences Seismic Program in Albania

Manas Petroleum Commences Seismic Program in Albania

Monday, August 18th 2008

Manas Petroleum Corporation today announces that it’s wholly owned subsidiary DWM Petroleum AG has commenced the first part of a 600 KM 2-D seismic program in Albania.

The seismic crew from the Geological Institute of Israel (GII) has mobilized 5 vibrators to Albania and set up a camp close to Tirana (Albania). Today the first line was successfully shot. It is planned to acquire 183 KM of seismic using vibroseis technology in Blocks A, B and E during Q 3 2008. The seismic crew will continue the program using explosive sources in Blocks B, D and E in Q2 2009.

The seismic will refine the size and location of 8 identified prospects with 3 BBls of oil potential (P50 prospective resources) according to an independent evaluation of Gustavson and Associates.

Updates of the seismic program will be regularly released on Manas website.

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