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SmallCapReview.com to Add MASS Petroleum to its Portfolio - SmallCapReview a leading site for small cap information is adding MASS Petroleum (OTCBB: MASP) to its list of stocks
SmallCapReview.com to Add MASS Petroleum to its Portfolio

 

PRZOOM - /newswire/ - Winston-Salem, NC, United States, 2009/11/16 - SmallCapReview a leading site for small cap information is adding MASS Petroleum (OTCBB: MASP) to its list of stocks "On the Radar" on Potential of a Dead Cat Bounce.

   
 
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MASS Petroleum (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 strategy to create shareholder value.

MASS Petroleum is currently in the process of acquiring several producing oil and gas assets in Western Canada. 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. The area is politically stable and has been a major oil producer of many decades.

MASS Petroleum's primary objective is to make strategic acquisitions balanced with a focused exploration and development plan. The Company will focus on high Working Interest (WI) projects will upside drilling prospects.

MASP Investor Highlights

MASP signed an LOI to acquire Guardian Exploration's Girouxville Project located in Northern Alberta. The project consists of a high working interest light oil operation which is producing approximately 215-225 bbl/d from three light oil wells, high rate multi zone oil 37 to 42 API oil. The final purchase price is CAD $3,350,000 and will consist of a combination of cash and common stock.

To date at Girouxville a success rate of approximately 90% drilling light sweet oil discoveries has been achieved and the potential remains to develop lands for new light oil pool discoveries.

The Girouxville project offers extensive upside drilling potential with multiple farm in opportunities to increase production significantly over time.

To add to the appeal of the Girouxville area, the Alberta government is offering a $1 million royalty free holiday for newly drilled oil wells in addition to providing a drilling royalty credit for new qualifying wells of $200 per metre which can cover almost half the drilling costs.

Announced that has completed its due diligence efforts on the Girouxville project.
MASP owns a 2.34% net working interest in three producing wells in Kingfisher County, Oklahoma. With a cumulative production total of over 45,000 barrels of oil.

It appears that the three wells acquired in Kingfisher County, Oklahoma, will continue to deliver an average of 125 mcfgpd +1 bbl of oil for the foreseeable future with no drastic decline anticipated.

Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market.

No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Nothing within our site should be construed as an offer or solicitation to buy or sell products or securities. The companies we profile may lack an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. SmallCapReview.com has been compensated up to three thousand five hundred dollars by a third party HFS for its services with regards to MASS Petroleum.

 
 
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SmallCapReview.com to Add MASS Petroleum to its Portfolio

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Contact: Thomas Englebert - SmallCapReview.com 
336-838-5005 editor[.]smallcapreview.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SmallCapReview securities in any jurisdiction including any other companies listed or named in this release.

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