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Mass Petroleum & British Petroleum: Midwestern States Are Becoming Increasingly Popular For Oil And

Mass Petroleum Inc

Mass Petroleum Inc. (OTCBB: MASP) announced this week that it has entered into a non-binding Letter of Intent with JKA Ventures Corp. for the purchase of 100% of JKAs working interest in the Walnut, Southeast Field in Crawford, Kansas for a total purchase price of $800,000. Mass Petroleum is currently in the process of conducting due diligence. Upon the completion of the due diligence period, it will be required to make a 10% deposit. The transaction is expected to close by September 1, 2010, subject to satisfactory due diligence and the successful negotiation of the final form of contract.

This is exciting news for Mass Petroleum, which is an oil and gas production company that has been focusing its efforts on acquiring oil and natural gas wells, interests and leases from existing companies or governmental bodies.

About Mass Petroleum Inc:

Mass Petroleum Inc is engaged in oil and gas exploration and production. The company is expanding its business through acquisitions of exploration stage oil and gas wells by means of leases or buying substantial interest in them. The company has work force of most experienced professional in oil and gas sector. As on November 30th, 2009 the company reported its three exploration properties in Oklahoma with 2.34 percent interest in their ownership. The companys main focus is in oil and gas leases and interest ownership in medium sized oil and natural gas production properties. Mass Petroleum is also looking forward to acquire non operational interests and exploration interests in producing wells.


For More Info Visit: http://www.masspetroleum.com

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BP p.l.c. (NYSE: BP)

recently reported that oil stopped spilling into the Gulf of Mexico from the broken well for the first time since the disastrous spill began. It was the most significant milestone yet in BPs effort to control one of the worst environmental disasters in U.S. history.

Now begins a waiting period to see if the cap can hold the oil without blowing a new leak in the well. Engineers will monitor pressure readings incrementally for up to 48 hours before reopening the cap while they decide what to do next. The cap is only planned as a temporary fix until a final plug is set from underground, maybe next month.

BP has spent more than $3 billion to corral the spill, and also BP has agreed to set aside another $20 billion for damage claims. In addition, BP has taken steps to reassure business partners in the Middle East and Russia that it remains a viable company.

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products.

For more information about this company please visit http://www.bp.com

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by: Blayne Sheffield
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