More on
MASPThere are certain chart patterns I look for in small caps that show the most potential in breaking out and
MASP is showing that pattern.
MASP has started to move up with volume increasing. Many of the low priced companies have seen huge rallies in recent days.
YBTVQ ran up over 1,700% on Friday, look up the chart to see for yourself!!
MASP is priced around the same level.
Oil and gas are major components in the backbone of our economy and it is dire for us to lower foreign dependency on it.
MASP has targets in the Mid West of the United States and Canada.
The price of oil has gone down a lot since it was $150 summers ago.
This might be an opportunity to get back into the oil and gas market before it might make another run over $100.
MASP is evaluating producing oil and gas assets that have blue sky potential through drilling!
So rather than acquire a property that could be a crap shoot,
MASP is trying to find properties that are already producing and could offer significant rewards.
MASP has recently refined its criteria to include stable production areas in the Midwestern United States and Canada.
The projects in this area are congruent with
MASP`s strategy of developing a steady cash flow from production, then using the cash flow for continued exploration and development.
MASP`s primary objective is to:
* Make strategic acquisitions balanced with a focused exploration and development plan
* Build core areas with significant land packages, high working interest and/or operatorship
* Assemble a balanced light oil and gas portfolio with large scalable reserves
* Focus on high Working Interest (WI) projects with upside drilling prospects.
As our economy gets back in shape oil prices could see a serious increase.
Last December Reuters reported that U.S. investment bank Goldman Sachs expects oil prices to rise to an average $90 a barrel in 2010, before increasing to $110 in 2011!
MASP`s plan of operations for the next twelve months is to create revenue from non-operated interests of producing oil and gas wells and to acquire an interest in, and further develop a development stage oil and gas exploration project.
MASP has acquired a 2.34% interest in three wells in Kingfisher County, Oklahoma.
You can read more about that here: http://www.masspetroleum.com/projects/kingfisher_ok/
MASP intends to build their business through the acquisition of producing and exploration stage oil and natural gas wells, interests and leases.
MASP`s strategy is to combine the secure and reliable revenue source of operated and non-operated interests from producing oil wells with the higher risk development of oil and gas exploration projects.
MASP is currently in the process of acquiring several leases in the Walnut, Southeast field in Crawford County Kansas.
The target leases consist of six separate leases within the Walnut Southeast field area.
The leases are: Engle, Mein, Bammann, Westhoff, Steffens and Bradshaw.
Each lease is developed with a number of producing wells and in some cases water injection as well.
Production is primarily taken from the Bartlesville and Cattleman formations of Pennsylvanian age. Average well depth is approximately 380 feet. There are approximately 130 total wells on the property; leases are 100% working interest (?WI?), with net revenue interest (?NRI?) at approximately 80%. Total acreage on all leases is 1,300 acres.
There are over 2100 oil and gas producers operating in Kansas. 70% of the wells produce oil and the other 30% produce natural gas!
Oil has recently moved up over the last few weeks and currently trades close to $79 a barrel.
CNBC`s CME Group floor reporter Rick Santelli commented, "You know, we?ve been to $150 before and I don`t see why it couldn?t happen again."For more information on
MASP, visit their website at: www.masspetroleum.com
Please do your due diligence and consult with a financial professional.
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