UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington
D. C. 20549





FORM
10-Q/A


Amendment
No. 1





QUARTERLY
REPORT UNDER SECTION 13 or 15 (d)


OF
THE SECURITIES EXCHANGE ACT OF 1934


For the
quarterly period ended March 31, 2008


Commission
file number 333-107002





Manas
Petroleum Corporation


(Exact
name of small business issuer as specified in its charter)





Nevada
              (State
      or other jurisdiction of incorporation or organization)
            91-1918324
              (I.R.S.
      Employer
              Identification
      No.)





Bahnhofstrasse
9,  6341 Baar, Switzerland


(Address
of principal executive offices) (Zip Code)





+41 (44) 718 10
30


(Issuer's
telephone number)




Check
whether the issuer (1) has filed all reports required to be filed by Section 13
or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90
days.       Yes þ        No
o




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check
one):


Large
      accelerated filer o
            
            Accelerated
      filer þ
            
            Non-accelerated
      filer o
            
            Smaller
      reporting company o




Indicate
by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange
Act).       Yes o         No
þ






The
number of shares of outstanding common stock of Manas Petroleum Corporation,
which is the only class of its common equity, on May 9, 2008, was
113,526,381.










EXPLANATORY
NOTE





We are
filing this Amendment Number 1 on Form 10-Q/A (“Amendment Number 1”) to amend
our quarterly report on Form 10-Q for the quarter ended March 31, 2008 (the
“Original Report”) solely to amend our response to Item 4 of Part I and to
clarify that there have been no changes to our internal control over financial
reporting during that fiscal quarter that materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.  This Amendment Number 1 continues to speak as of the date
of the Original Report.  We have not updated the disclosures contained
therein to reflect any events that have occurred at a date subsequent to the
date of the Original Report.





PART
I





Item
4.                      Controls
and Procedures.




As of the
end of the period covered by this report, we carried out an evaluation under the
supervision and the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures pursuant to
Exchange Act Rules 13a-15(e) and 15d-15(e). Based upon that evaluation, our
Chief Executive Officer and Chief Financial Officer concluded that our
disclosure controls and procedures were effective as of March 31,
2008.




Additionally,
our Chief Executive Officer and Chief Financial Officer determined that
there have been no changes to our internal control over financial reporting
during the last fiscal quarter that have materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.





PART
II





Item
6.                      Exhibits





Exhibit
31.1 Certification of President and Principal Financial Officer


Exhibit
31.2 Certification of Chief Financial Officer


Exhibit
32.1 Certification of Chief Executive Officer


Exhibit
32.2 Certification of Chief Financial Officer





SIGNATURES




In
accordance with the requirements of the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.





Manas
Petroleum Corporation
 
 /S/Thomas
Flottmann                                                                     /S/ Rahul Sen
Gupta
 Name:
Thomas
Flottmann                                                                         Name:
Rahul Sen Gupta
 Title:
Chief Executive
Officer                                                                    Title:
Chief Financial Officer
 Date:  June
17,
2008                                                                                   
Date: June 17, 2008