SOURCE: Manas Petroleum Corp.

December 29, 2009 09:45 ET

Manas Is a Step Closer to Completing Albanian Transaction

BAAR, SWITZERLAND--(Marketwire - December 29, 2009) - Manas Petroleum Corporation ("Manas") (OTCBB: MNAP) is pleased to report that the financing arrangement and the due diligence between Manas and WWI resources for the Albanian project are proceeding as planned and are on-track to maximize shareholder value.

Manas is currently progressing on administrative, legal and compliance issues, as required before closing. The closing is expected to be completed during the first several weeks of the New Year.

About Manas Petroleum:

Manas Petroleum is an international oil and gas company, focusing on activities in South-Eastern Europe, Central Asia and South America. Details of these projects are located on the Company's website:

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 statements about the Letter of Intent and the possibility that it will enter into a formal agreement as contemplated in the Letter of Intent or that the transaction outlined in the Letter of Intent will proceed on any basis. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks that the parties cannot agree on the terms of a definitive agreement or obtain the necessary approvals therefore and other risks identified by Manas in its periodic filings on EDGAR (which can be viewed at 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.

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 estimates, predictions, projections, assumptions or other future performance suggested in this press release. 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.

Contact Information

  • For further information please contact:
    Erik Herlyn
    Manas Petroleum Corp.
    Bahnofstr. 9 P.O. Box 155
    CH-6341 Baar, Switzerland
    Phone: +41 44 718 1030
    Fax: +41 44 718 1039