BAAR, Switzerland, Nov. 1, 2011 /CNW/ - Manas Petroleum Corp. (TSXV:MNP,
OTC-BB:MNAP) announced today that effective November 1, 2011, it has
appointed Dr. Werner Ladwein as President.
Werner Ladwein will take responsibility for the company's business
exploration and production activities, business development and
strategic planning. Dr. Ladwein will continue to serve on the company's
Board of Directors.
Chairman Heinz Scholz stated "We are very pleased that Dr. Ladwein has
decided to take a more active role in our company. His extensive
experience will be a valuable addition to our management team. In his
role as President, Dr. Ladwein will lead all aspects of our exploration
programs, in addition to focusing on optimizing the value of our
existing assets, integrating acquisitions and supporting the
development of new business opportunities."
Dr. (Hans) Werner Ladwein has more than 30 years of senior oil and gas
experience. From 1992 to 2004 he served as CEO in Libya, Albania and
Pakistan for OMV Group, an Austrian oil and gas company. From 2004 to
2008, Dr. Ladwein was Executive Director of Exploration and Production
and a board member at Petrom, the largest oil and gas producer in South
Eastern Europe. Since 2009, Dr. Ladwein has been an independent oil and
gas consultant. He has been a director of Manas Petroleum since
September 16, 2010 and he is also a director of Petromanas Energy Inc.
In his career he successfully developed companies from exploration to
major producers and was responsible for large scale rehabilitation
During his term as Director of the board of Manas he restructured the
exploration part of Manas and started cooperation with Danubian Energy
(www.danubianenergy.com), which is a well reputed G&G and petroleum engineering consulting
group. With this group Manas now has support from a fully-fledged
technical team with all modern equipment.
Together with this announcement of Werner Ladwein as President,
Peter-Mark Vogel was confirmed as CEO. As in the past, he will continue
to be responsible for the day to day business of the company, as well
as marketing, corporate finance, governance and securities law
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.
SOURCE Manas Petroleum Corp.
For further information:
Manas Petroleum Corp.
Bahnofstr. 9, P.O. Box 155
CH-6341 Baar, Switzerland
Phone: +41 44 718 1030
Fax: +41 44 718 1039