MASP.ob, KAZ On PennyToBuck Oil Watch List

July 27, 2010 - PRLog -- 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.

MASP.ob 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 strategy is to use the monthly revenue of currently producing projects to rapidly expand into Northern Canada, looking specifically for lease acquisitions for immediate revenue, as well as drilling opportunities for future growth.

MASP.ob currently holds ownership in 3 oil and gas producing wells in Kingfisher County, Oklahoma. MASP.ob receives monthly revenue from each of the wells. Oil and Gas production has been consistent among all 3 wells for more than 25 years, with no signs of slowing down.

MASP.ob believes that the 3 wells will continue to produce an average of 125 Million Cubic Feet of Gas PER DAY, for the foreseeable future!

MASP.ob is aggressively seeking lease acquisitions and drill opportunities in the oil and gas rich regions of Northern Canada. MASP.ob's strategy is to use that monthly revenue to rapidly expand into oil and gas rich regions of Northern Canada, looking specifically for lease acquisitions for immediate revenue as well as drilling opportunities for the near future.

Canada is currently producing 4.3 Million Barrels of oil per day (both crude and sands), importing over 2.5 Million Barrels each day to the United States.

Canada is the LARGEST importer of BOTH oil and natural gas to the United States. The U.S. gets nearly 25% of its total oil supply, and 80% of its total natural gas supply from Canada!

Canada actually exports twice as much oil and natural gas than MASP.ob consumes! This is why MASP.ob has its sights set on seeking acquisitions of both leases (for immediate production revenue) as well as possible drilling opportunities for future growth of MASP.ob.

For more information on MASP.ob visit http://www.masspetroleum.com  

BMB Munai, Inc.  announced that Chapman Petroleum Engineering Ltd. of Alberta, Canada  has completed an Evaluation of Prospective Resources ("Resource Report") of the Emir Oil, LLP Northwest Block territory.  Resource assignment in the report was based principally on interpretation of recently completed 3D seismic studies in the Northwest Block territory.

The Resource Report, identifies four potential structures on the Northwest Block. Prospective resources of the four structures are estimated at 171 million barrels of oil on an un-risked basis and 51.3 million barrels of oil on a risked basis.

BMB Munai is an independent oil and gas company engaged in the exploration and test production of crude oil and natural gas in Western Kazakhstan. KAZ maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan. For more information visit http://www.bmbmunai.com/.



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