MNP Petroleum Corp. announced that CJSC Somon Oil, 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.