Special Alert -
MASPMy new pick is
MASPHere is another small cap that could be explosive and could break out any time now. From my experience with these small caps, it start off as sub pennies and once they catch on fire, they have a life of their own and can run for a week straight.
Off-shore drilling is dangerous and this was proven right earlier this year when BP`s Deepwater Horizon rig exploded.
Millions of gallons of oil spilled into the Gulf making it the worst oil spill the Gulf has ever seen!
This oil spill was even worse than the Exxon Valdez spill in 1989, which was considered one of the worst environmental tragedies in history!
So whatever happened to good old fashioned land drilling for oil
Bring your attention to
MASP.
MASP is an oil and gas production company backed by an experienced and dedicated management team.
MASP intends to build their business through the acquisition of producing and exploration stage oil and natural gas wells, interests and leases.
The company has targets in the Mid West of the United States and Canada.
MASP is looking for properties and interests that have the following qualities:
-- At least developmental drilling in proven producing areas;
-- Significant additional production capacity through developmental drilling, recompletions
and workovers;
-- Further developmental potential
-- In some cases, ability to assume operator-ship or appointment of a known operator with
relevant experience in the area.
MASP came out with news last week announcing details on their acquisition strategy.
MASP has determined that 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.
Kansas looks like it may be a huge opportunity for revenue!
Just look at the key facts about Kansas oil production:
* 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 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.
On July 22, 2010,
MASP entered into a non-binding Letter of Intent with JKA Ventures Corp. (?JKA?) whereby the Company will purchase JKA?s working interest in the Walnut, Southeast Field in Crawford County, Kansas.
The preliminary terms are that
MASP will acquire 100% of JKA?s working interest for a total price of US $800k, with a 10% deposit payable at the completion of the Company?s due diligence.
The transaction is scheduled to close by September 1, 20010 but is subject to the Company?s due diligence investigation and also the negotiation of a final, formal contract.
MASP is also 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!
The price of oil is also starting to move up recently and currently trading close to $79 a barrel!
Keep a close eye on
MASP.Start your research on
MASP fast at: www.masspetroleum.com
Please do your due diligence and consult with a financial professional.
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