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MASS Petroleum, Inc.: MASS Provides Details on Its Acquisition Strategy

^{Published on 2009-09-10 08:56:45 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - September 10, 2009) - MASS Petroleum (OTCBB: [ MASP ]) (FRANKFURT: 0MP) is an oil and gas production company backed by an experienced and dedicated management team.

MASS Petroleum has shifted its focus from international opportunities to North America due to the recent availability of top quality production assets that have become available since the global economic recession set in. MASS has specifically targeted western Canada as its initial entry point.

According to the Oil and Gas Journal, in January of 2006, Canada had a reported 178.8 billion barrels of proven oil reserves second only to Saudi Arabia. The bulk of these reserves (over 95%) are oil sands deposits in Alberta. Canada sends over 99 percent of its crude oil exports to the U.S., and it is one of the most important sources of U.S. oil imports. During the first eleven months of 2005, Canada exported 1.6 million bbl/d of crude oil to the U.S., the single-largest source of U.S. crude oil imports.

With the bulk of Canada's oil reserves located in Alberta, MASS is currently evaluating several acquisition targets in that province. MASS is targeting projects with a stable production rate and upside drilling potential in its efforts to maximize shareholder value and present long term opportunities for growth.

 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.