%20%20is%20an%20oil%20and%20gas%20production%20company%20backed%20by%20an%20experienced%20and%20dedicated%20management%20team.%20Mass%20Petroleum%20is%20engaged%20in%20the%20acquisition%20of%20producing%20oil%20and%20gas%20projects%20to%20build%20its%20reserves%20and%20ensure%20sustainable%20growth%20by%20focused%20exploration%20and%20acquisition%20strategies%20to%20create%20shareholder%20value.MASP.ob%20is%20currently%20in%20the%20process%20of%20acquiring...){kind=link}
Mass Petroleum On Pennytobuck.com Watchlist For Monday July 26th
Mass Petroleum (OTC:MASP) is an oil and gas production company backed by an experienced and dedicated management team
. Mass Petroleum is engaged in the acquisition of producing oil and gas projects to build its reserves and ensure sustainable growth by focused exploration and acquisition strategies to create shareholder value.MASP.ob is currently in the process of acquiring several producing oil and gas assets in Western Canada. Alberta is located in Western Canada and has one of the worlds largest reserves of oil and gas; in fact they are second in the worlds oil reserves.
The target acquisitions offer a stable production base with low risk drilling opportunities. This provides steady cash flow for continued exploration and development in various prospect areas within the Western Canadian Sedimentary Basin. Canada's proven oil reserves are well developed and holds more than 175 billion barrels of oil. In fact their proven reserves are over 178bn barrels. The area is politically stable and has been a major oil producer for many decades.
MASP.ob has been continuing its efforts to determine key areas of interest through evaluating oil and gas assets with development and drilling upside potential. Mass Petroleum has determined the Kansas areas provide low-risk, multi-well oil and gas investments via direct participation programs through a direct ownership position in the wells or joint venture opportunities. Key facts about Kansas oil production include;
The first oil well in Kansas was drilled in 1860.
Currently Kansas produces oil and gas in 89 of the 105 counties.
Over 4000 permits to drill have been issued in Kansas to date.
The average well depth is about 3,500 feet.
Over 59,000 wells are actively producing oil and natural gas in Kansas.
70% of the wells produce oil and the other 30% produce natural gas.
There are over 2100 oil and gas producers operating in Kansas.
Mass Petroleum is currently reviewing several acquisition targets in Kansas that offer the potential to increase cash flow through production and offer additional blue sky potential through equipment refurbishment, drilling new wells on prolific land packages and joint venture opportunities.
MASP.ob appears to be moving in the right direction
Last: 0.0138 Change: +0.0038
Day High: 0.01 Volume: 749171
Day Low: 0.01 Date: 7/23/2010
MASP.ob is an oil and gas production company backed by an experienced and dedicated management team. MASS Petroleum is engaged in the acquisition of producing oil and natural gas wells, interests and leases from existing companies, governments, and through the open market. For More information on Mass Petroleum visit their site at http://www.masspetroleum.com
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