1074447--4/15/2009--MANAS_PETROLEUM

related topics

{stock, price, share}

{gas, price, oil}

{interest, director, officer}

{stock, price, operating}

{cost, contract, operation}

{operation, international, foreign}

{investment, property, distribution}

{cost, regulation, environmental}

{loan, real, estate}

{product, candidate, development}

{regulation, change, law}

{acquisition, growth, future}

{personnel, key, retain}

{loss, insurance, financial}

{capital, credit, financial}

{debt, indebtedness, cash}

Risks Related to our Company A significant portion of our operations are through our interests in ventures (farm-outs) that we do not control, and as a result, we may not be able to materially affect the success of that ventures operations. There is a substantial doubt about our ability to continue as a going concern. If we cannot continue to operate our business, you could lose your entire investment in our company. We have had negative cash flows from operations, and our current resources are only sufficient to fund our operations for three months. Our business operations may fail if our actual cash requirements exceed our estimates and we are not able to obtain further financing. Our lack of diversification increases the risk of an investment in us, and our financial condition and results of operations may deteriorate if we fail to diversify. We may not effectively manage the growth necessary to execute our business plan. We may be forced to liquidate one or more subsidiaries due to regulatory requirements which could have a material adverse effect on our business and operations. Substantially all of our assets and all of our Directors and Officers are outside the United States, with the result that it may be difficult for investors to enforce within the United States any judgments obtained against us or any of our Directors or Officers. Our Articles of Incorporation exculpate our Officers and Directors from any liability to our company or our shareholders. A decline in the price of our common stock could affect our ability to raise further capital and our ability to continue our normal operations. The loss of certain key management employees could have a material adverse effect on our business. Risks Associated with our Business We have not discovered any oil and gas reserves, and we cannot assure you that that we ever will. The nature of oil and gas exploration makes the estimates of costs uncertain, and our operations may be adversely affected if we underestimate such costs. Even if we discover and then develop oil and gas reserves, we may have difficulty distributing our production. The oil and natural gas industry is highly competitive and there is no assurance that we will be successful in acquiring leases. Prices and markets for oil are unpredictable and tend to fluctuate significantly, which could reduce profitability, growth and the value of our business if we ever begin exploitation of reserves. Our business will suffer if we cannot obtain or maintain necessary licenses. Amendments to current laws and regulations governing our proposed operations could have a material adverse impact on our proposed business. Penalties we may incur could impair our business. Our inability to obtain necessary facilities could hamper our operations. Emerging markets are subject to greater risks than more developed markets, including significant legal, economic and political risks. Strategic relationships upon which we may rely are subject to change, which may diminish our ability to conduct our operations. Environmental risks may adversely affect our business. Losses and liabilities arising from uninsured or under-insured hazards could have a material adverse effect on our business. Risks Associated with our Common Stock There is no active trading market for our common stock, and if a market for our common stock does not develop, our investors may be unable to sell their shares. The price of our common stock may become volatile, which could lead to losses by investors and costly securities litigation. There are a large number of unexercised share purchase warrants and stock options outstanding. If these are exercised, your interest in our company will be diluted. Our Directors own approximately 52% of our common stock. We do not expect to pay dividends in the foreseeable future. Trading on the OTC Bulletin Board may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares. Our stock is a penny stock. Trading of our stock may be restricted by the SEC s penny stock regulations and FINRA s sales practice requirements, which may limit a stockholder s ability to buy and sell our stock.

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1074447--4/15/2009--MANAS_PETROLEUM_CORP