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MASS Petroleum, Inc.: MASS Petroleum Corporate Update

^{Published on 2009-09-08 05:38:29 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - September 8, 2009) - MASS Petroleum, Inc. (OTCBB: [ MASP ]) 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 through focused project development and acquisitions.

MASS Petroleum has shifted its focus from Russia to North America to take advantage of stable low to medium risk opportunities that have emerged due to current economic conditions. MASS is currently in the process of acquiring several producing oil and gas assets in Western Canada. The target acquisitions offer both a stable production base and low risk drilling opportunities. This healthy combination provides MASS with steady cash flow for continued exploration and development in the Western Canadian Sedimentary Basin. Canada's proven oil reserves are well developed and hold more than 175 billion barrels of oil. The Western Canadian Sedimentary Basin area is politically stable and has been a major oil producer for many decades.

MASS Petroleum's primary objective is to:

 -- Make strategic acquisitions balanced with focused exploration and development plans; -- Build core production areas with significant undeveloped land, high working interest and/or operatorship; -- Balanced light oil and gas portfolio with large scalable reserves; -- Focus on high Working Interest (WI) projects with upside drilling prospect. On behalf of the Board of Directors, Gary Chayko President, MASS Petroleum, Inc. 

About MASS Petroleum, Inc.

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 natural gas wells, interests and leases from existing companies, governments, and through the open market.

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.