HotOtc.com - MASP is starting to rally, read inside
Watch List for Monday 7-26-2010
My new big pick is MASP
Make sure you study over MASP's chart closely. 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.
MASP has already started to make a small move, but this move could pale in comparison if a huge rally was to breakout!
Oil has risen to a 3 week high, and MASP just recently released details on their acquisition strategy on Friday.
MASP has been continuing its efforts to determine key areas of interest through evaluating oil and gas assets with development and drilling upside potential.
Mass Petroleum has determined 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. Key facts about
Kansas oil production include:
-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.
Their strategy is to use the monthly revenue of currently producing projects to rapidly expand into Northern Canada, looking specifically for lease acquisitions for immediate revenue, as well as drilling opportunities for future growth.
The company currently holds ownership in 3 oil and gas producing wells in Kingfisher County, Oklahoma. MASP receives monthly revenue from each of the wells. Oil and Gas production has been consistent among all 3 wells for more than 25 years, with no signs of slowing down.
MASP believes that the 3 wells will continue to produce an average of 125 Million Cubic Feet of Gas PER DAY, for the foreseeable future!
The company is aggressively seeking lease acquisitions and drill opportunities in the oil and gas rich regions of Northern Canada. The company's strategy is to use that monthly revenue to rapidly expand into oil and gas rich regions of Northern Canada, looking specifically for lease acquisitions for immediate revenue as well as drilling opportunities for the near future.
Canada is currently producing 4.3 Million Barrels of oil per day (both crude and sands), importing over 2.5 Million Barrels each day to the United States.
Canada is the LARGEST importer of BOTH oil and natural gas to the United States. The U.S. gets nearly 25% of its total oil supply, and 80% of its total natural gas supply from Canada!
Canada actually exports twice as much oil and natural gas than the company consumes! This is why MASP has its sights set on seeking acquisitions of both leases (for immediate production revenue) as well as possible drilling opportunities for future growth of the company.
Make sure you have MASP on your watch list, as it has already started to move. Start your research at: http://www.masspetroleum.com Always do your own research and consult with your own financial consultant.
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