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Follow on Google News | Mass Petroleum On PennyToBuck.com Watchlist For Monday July 26thMASP is currently in the process of acquiring several producing oil and gas assets Canada. Alberta is located in Western Canada and has one of the world’s largest reserves of oil and gas; in fact they are second in the world’s oil reserves.
By: Justin Handy 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 world’s largest reserves of oil and gas; in fact they are second in the world’s 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: 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 For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/ # # # Justin Handy justin@crownequityholdings.com Main: 702-448-1543 Fax: 702-479-7151 Toll Free: 1-877-854-6797 5440 W. Sahara Ave. Suite 205 Las Vegas,Nevada,89146 End
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