Document, Entity Information
Statement Entities [Table]
Legal Entity [Axis]
Entity [Domain]
Document and Entity Information
Document Type
Amendment Flag
Amendment Description
Document Period End Date
Trading Symbol
Entity Registrant Name
Entity Central Index Key
Current Fiscal Year End Date
Entity Filer Category
Entity Common Stock, Shares Outstanding
Entity Current Reporting Status
Entity Voluntary Filers
Entity Well Known Seasoned Issuer
Entity Public Float
Document Fiscal Year Focus
Document Fiscal Period Focus
Statement of Financial Position
Statement [Table]
Statement [Line Items]
ASSETS
Cash and cash equivalents
Restricted cash
Accounts receivable
Prepaid expenses
Total current assets
Total current assets (AssetsCurrent)
Prepaid issuance costs
Tangible fixed assets
Investment in associate
Investment in associate (Petromanas)
Total non-current assets
Total non-current assets (AssetsNoncurrent)
TOTAL ASSETS
TOTAL ASSETS (Assets)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable
Bank overdraft
Short-term loan
Promissory notes to shareholders
Contingently convertible loan
Debentures
Warrant liability
Warrant liability
Accrued expenses Professional fees
Accrued expenses Professional fees
Accrued expenses exploration costs
Accrued expenses Exploration costs
Accrued expenses Interest
Other accrued expenses
Refundable deposits
Total current liabilities
Total current liabilities (LiabilitiesCurrent)
Pension liabilities
Total non-current liabilities
Total non-current liabilities (LiabilitiesNoncurrent)
TOTAL LIABILITIES
Total liabilities (Liabilities)
Temporary equity
Common stock (300,000,000 shares authorized, USD 0.001 par value, 172'467'292 and 172'467'292 shares, respectively, issued and outstanding)
Additional paid-in capital
Retained earnings/(deficit) accumulated during the exploration stage
Accumulated other comprehensive income
Currency translation adjustment
Currency translation adjustment (AccumulatedOtherComprehensiveIncomeLossNetOfTax)
TOTAL SHAREHOLDERS' EQUITY
TOTAL SHAREHOLDERS' EQUITY/(DEFICIT) (StockholdersEquity)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (LiabilitiesAndStockholdersEquity)
Temporary Equity, Par Value Per Share
This element represents the par value of a share in temporary equity.
Temporary Equity, Shares Authorized
Temporary Equity, Shares Issued
Temporary Equity, Shares Outstanding
Common Stock, Par Value Per Share
Common Stock, Shares Authorized
Common Stock, Shares, Issued
Common Stock, Shares, Outstanding
Income Statement
OPERATING REVENUES
Other revenues
Total revenues
Total revenues (Revenues)
OPERATING EXPENSES
Personnel costs
Personnel costs (LaborAndRelatedExpense)
Exploration costs
Exploration costs (ExplorationExpense)
Depreciation
Depreciation (Depreciation)
Consulting fees
Consulting fees (ProfessionalAndContractServicesExpense)
Administrative costs
Administrative costs (GeneralAndAdministrativeExpense)
Total operating expenses
Total operating expenses (OperatingExpenses)
Gain from sale of investment
Gain from sale of investment
Loss from sale of investment
Loss from sale of investment (LossFromSaleOfInvestment)
Loss from sale of investment
Operating loss
Operating income/(loss) (OperatingIncomeLoss)
NON-OPERATING INCOME / (EXPENSE)
Exchange differences
Exchange differences (ForeignCurrencyTransactionGainLossBeforeTax)
Changes in fair value of warrants
Changes in fair value of warrants
Warrants issuance expense
Warrants issuance expense (WarrantsIssuanceExpense)
Warrants issuance expense
Gain from sale of subsidiary
Change in fair value of investment in associate
Change in fair value of investment in associate
Interest income
Interest expense
Interest expense (InterestExpense)
Loss on extinguishment of debt
Income/(Loss) before taxes and equity in net loss of associate
Income/(Loss) before taxes and equity in net loss of associate (IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments)
Income taxes
Income taxes (IncomeTaxExpenseBenefit)
Equity in net loss of associate
Net income/(loss) from continuing operations
Net income/(loss) from continuing operations (IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest)
DISCONTINUED OPERATIONS
Gain/(loss) from divestiture
Operating expenses
Operating expenses (DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax)
Income/(Loss) from discontinued operations
Income/(Loss) from discontinued operations (IncomeLossFromDiscontinuedOperationsNetOfTax)
Net income/(loss)
Net income/(loss) (NetIncomeLoss)
Net loss attributable to non-controlling interest
Net income / (loss) attributable to non-controlling interest (NetIncomeLossAttributableToNoncontrollingInterest)
Net income/(loss) attributable to Manas
Net income/(loss) attributable to Manas (ProfitLoss)
Currency translation adjustment attributable to Manas
Net comprehensive income/(loss) attributable to Manas
Net comprehensive income/(loss) attributable to Manas (ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest)
Net comprehensive loss attributable to non-controlling interest
Net comprehensive loss attributable to non-controlling interest (ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest)
Net comprehensive income/(loss)
Net comprehensive income/(loss) (ComprehensiveIncomeNetOfTax)
Weighted average number of outstanding shares (basic)
Weighted average number of outstanding shares (diluted)
Basic earnings/(loss) per share attributable to Manas
Basic earnings / (loss) per share attributable to Manas (EarningsPerShareBasic)
Basic earnings/(loss) per share - continuing operations
Basic earnings/(loss) per share - discontinuing operations
Diluted earnings/(loss) per share attributable to Manas
Diluted earnings / (loss) per share attributable to Manas (EarningsPerShareDiluted)
Diluted earnings/(loss) per share - continuing operations
Diluted earnings/(loss) per share - discontinuing operations
Statement of Cash Flows
OPERATING ACTIVITIES
Net income/(loss)
To reconcile net income/(loss) to net cash used in operating activities
Gain from sale of subsidiary
Gain from sale of investment
Loss from sale of investment
Gain from divestiture of discontinued operations
Gain from divestiture of discontinued operations (DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax)
Change in fair value of investment in associate
Equity in net loss of associate
Depreciation
Amortization of debt issuance costs
Warrant issuance expense / (income)
Warrant issuance expense / (income) (WarrantIssuanceIncomeExpense)
Warrant issuance expense / (income)
(Decrease) / increase in participation liabilities
Exchange differences
Non cash adjustment to exploration costs
Non cash adjustment to exploration costs
Non cash interest income
Non cash interest income (NonCashInterestIncome)
Non cash interest income
Interest expense on contingently convertible loan
Interest expense on contingently convertible loan
Loss on extinguishment of contingently convertible loan
Loss on extinguishment of contingently convertible loan
Interest expense on debentures
Interest expense on debentures
Loss on extinguishment of debentures
Loss on extinguishment of debentures
Stock-based compensation
Stock-based compensation (ShareBasedCompensation)
Decrease / (increase) in receivables and prepaid expenses
(Decrease) / increase in accounts payables
(Decrease) / increase in accrued expenses
Change in pension liability
Cash flow used in operating activities
Cash flow used in operating activities (NetCashProvidedByUsedInOperatingActivities)
INVESTING ACTIVITIES
Purchase of tangible fixed assets and computer software
Purchase of tangible fixed assets and computer software (PaymentsToAcquirePropertyPlantAndEquipment)
Sale of tangible fixed assets and computer software
Proceeds from sale of investment
Decrease / (increase) restricted cash
Decrease / (increase) restricted cash (IncreaseDecreaseInRestrictedCash)
Acquisition of investment in associate
Acquisition of investment in associate (PaymentsToAcquireEquityMethodInvestments)
Cash flow from investing activities
Cash flow from investing activities (NetCashProvidedByUsedInInvestingActivities)
FINANCING ACTIVITIES
Contribution share capital founders
Contribution share capital founders
Issuance of units
Issuance of contingently convertible loan
Issuance of debentures
Issuance of promissory notes to shareholders
Repayment of contingently convertible loan
Repayment of contingently convertible loan (RepaymentsOfConvertibleDebt)
Repayment of debentures
Repayment of debentures (RepaymentsOfOtherLongTermDebt)
Repayment of promissory notes to shareholders
Repayment of promissory notes to shareholders (RepaymentsOfNotesPayable)
Issuance of warrants
Proceeds from exercise of options
Proceeds from exercise of warrants
Proceeds from exercise of warrants
Cash arising on recapitalization
Cash arising on recapitalization
Shareholder loan repaid
Shareholder loan repaid (RepaymentsOfRelatedPartyDebt)
Shareholder loan raised
Repayment of bank loan
Repayment of bank loan (RepaymentsOfBankDebt)
Increase in bank loan
Increase in short-term loan
Payment of unit issuance costs
Payment of unit issuance costs (PaymentsOfStockIssuanceCosts)
Payment of debt issuance costs
Payment of debt issuance costs (PaymentsOfDebtIssuanceCosts)
(Decrease) / increase in bank overdraft
Increase / (decrease) in refundable deposits
Cash flow (used in) / from financing activities
Cash flow (used in) / from financing activities (NetCashProvidedByUsedInFinancingActivities)
Net change in cash and cash equivalents
Net change in cash and cash equivalents (CashAndCashEquivalentsPeriodIncreaseDecrease)
Cash and cash equivalents at the beginning of the period
Currency translation effect on cash and cash equivalents
Cash and cash equivalents at the end of the period
Supplement schedule of non-cash investing and financing activities:
Forgiveness of debt by major shareholder
Forgiveness of debt by major shareholder
Deferred consideration for interest in CJSC South Petroleum Co.
Deferred consideration for interest in CJSC South Petroleum Co.
Warrants issued to pay unit issuance costs
Warrants issued to pay unit issuance costs
Warrants issued to pay placement commission expenses
Warrants issued to pay placement commission expenses
Debenture interest paid in common shares
Debenture interest paid in common shares
Forgiveness of advance payment from Petromanas Energy Inc.
Forgiveness of advance payment from Petromanas Energy Inc.
Initial fair value of shares of investment in Petromanas
Initial fair value of shares of investment in Petromanas
Proceeds from sale yet to be paid recorded under other receivables
Proceeds from sale yet to be paid recorded under other receivables
Forgiveness of receivable due from Manas Adriatic GmbH
Forgiveness of receivable due from Manas Adriatic GmbH (ForgivenessOfReceivableDueFromManasAdriaticGmbh)
Forgiveness of receivable due from Manas Adriatic GmbH
Statement of Stockholders Equity
Equity Components [Axis]
Equity Components [Domain]
Common Stock [Member]
Additional paid-in capital [Member]
Deficit accumulated during the development stage [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance
Beginning Balance (Shares)
Beginning Balance (Shares) (SharesIssued)
Issuance of shares and stock equivalents
Issuance of shares and stock equivalents (Shares)
Contribution share capital from founders
Contribution share capital from founders
Shares Issued (Shares)
Recapitalization transaction
Recapitalization transaction
Recapitalization transaction (Shares)
Stock-based compensation
Stock-based compensation (StockIssuedDuringPeriodValueShareBasedCompensation)
Stock-based compensation (Shares)
Stock-based compensation (Shares) (StockIssuedDuringPeriodSharesShareBasedCompensation)
Private placement of Units, issued for cash
Private placement of Units, issued for cash
Private placement of Units, issued for cash (Shares)
Private placement of Units
Private placement of Units
Private placement of Units (Shares)
Private placement of Units, issued for cash (2)
Private placement of Units, issued for cash (2) (PrivatePlacementOfUnitsIssuedForCash2)
Private placement of Units, issued for cash (2)
Private placement of Units, issued for cash (2) (Shares)
Private placement of Units, issued for cash (2) (Shares) (PrivatePlacementOfUnitsIssuedForCash2Shares)
Issuance of warrants
Issuance of warrants (IssuanceOfWarrants)
Issuance of warrants
Beneficial Conversion Feature
Beneficial Conversion Feature
Adoption of ASC 815-40
Adoption of ASC 815-40
Exercise of warrants
Exercise of warrants (Shares)
FV adjustment of exercised warrants
FV adjustment of exercised warrants
Reclassification warrants
Reclassification warrants
Shares to be issued
Shares to be issued
TSX Listing Units, issued for cash
TSX Listing Units, issued for cash
TSX Listing Units, issued for cash (Shares)
Exercise of options
Exercise of options (Shares)
Redeemable shares
Redeemable shares (StockRedeemedOrCalledDuringPeriodValue)
Redeemable shares (Shares)
Redeemable shares (RedeemableShares)
Redeemable shares
Currency translation adjustment (OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax)
Net Income (Loss)
Ending Balance
Ending Balance (Shares)
Notes to the Financial Statements
BASIS OF PRESENTATION [Text Block]
CORPORATE INFORMATION [Text Block]
ACCOUNTING POLICIES [Text Block]
RECENT ACCOUNTING PRONOUNCEMENTS [Text Block]
CASH AND CASH EQUIVALENTS [Text Block]
TANGIBLE FIXED ASSETS [Text Block]
STOCK COMPENSATION PROGRAM [Text Block]
PUBLIC OFFERING - UNIT FINANCING [Text Block]
PUBLIC OFFERING - UNIT FINANCING [Text Block]
WARRANTS [Text Block]
SALE OF MANAS ADRIATIC [Text Block]
SALE OF MANAS ADRIATIC [Text Block]
INVESTMENT IN PETROMANAS [Text Block]
INVESTMENT IN PETROMANAS [Text Block]
RELATED PARTY DISCLOSURE [Text Block]
INCOME TAXES [Text Block]
ISSUED CAPITAL AND RESERVES [Text Block]
COMMITMENTS & CONTINGENT LIABILITIES [Text Block]
PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS [Text Block]
PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS [Text Block]
FAIR VALUE MEASUREMENT [Text Block]
SHARE PLACEMENT/PURCHASE AGREEMENT TEMPORARY EQUITY [Text Block]
SHARE PLACEMENT/PURCHASE AGREEMENT TEMPORARY EQUITY [Text Block]
EARNINGS PER SHARE [Text Block]
Discontinued Operations Disposal of the Chilean Project [Text Block]
SEGMENT INFORMATION [Text Block]
GOING CONCERN [Text Block]
DEBENTURE [Text Block]
DEBENTURE [Text Block]
BANK OVERDRAFT/SHORT-TERM LOAN [Text Block]
CONTINGENT CONVERTIBLE LOAN [Text Block]
CONTINGENT CONVERTIBLE LOAN [Text Block]
PROMISSORY NOTE [Text Block]
PROMISSORY NOTE [Text Block]
SUBSEQUENT EVENT(S) [Text Block]
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