subject: Oil Stock Alert On Masp.ob, Keep A Close Eye On It - Pennytobuck.com [print this page] MASP, MASS Petroleum Inc., MASP.OB MASP, MASS Petroleum Inc., MASP.OB
Now comes, MASP.ob (Mass Petroleum Inc.), a company oil rich with knowledge and is acquiring leases in some hot areas in Kansas which is close to home.
MASP.ob is currently in the process of acquiring several leases in the Walnut, Southeast field in Crawford County Kansas.
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.
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.
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.
Global oil demand for 2011 is expected to rise by 1.6% or 1.3 mb/d year-on-year to 87.8 mb/d, assuming consensus trends in the world economy, crude prices and efficiency gains.
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.
Who is Mass Petroleum?
Mass Petroleum 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 strategies to create shareholder value. For More Information On MASP.ob visit http://www.masspetroleum.com
For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars in cash from a third party (Allen James Group) for (1) day of advertisement services for Mass Petroleum Corp. (OTCBB: MASP)
