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MASS Sees Western Canadian Basin Heating Up With Recent Major Acquisition Activity

^{Published on 2009-11-16 05:38:37 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - November 16, 2009) - (OTCBB: [ MASP ]) (FRANKFURT: 0MP) 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 through focused project development and acquisitions.

MASS Petroleum is happy to report a recent acquisition in the Western Canadian Basin valued at approximately $403 million (CAD) which includes existing production and undeveloped lands in the oil rich provinces of Alberta and Saskatchewan, which include the Girouxville area of northwestern Alberta. A brief summary of the transaction between NAL Oil & Gas Trust and Breaker Energy Ltd is provided below. MASS Petroleum is currently focused on acquisitions in this highly prospective and producing area.

Key acquisition benefits:

 -- Broadens NAL's opportunity base by adding two new core areas at oil- focused Irricana in central Alberta and the Fireweed natural gas property in northeast British Columbia, which, together, represent 60 per cent to 65 per cent of Breaker's current production. Breaker also has production and attractive opportunities at Girouxville, East Prairie and Provost; -- Provides a significant inventory of low-risk development opportunities which are characterized with significant resources in place; -- Operated production (over 90 per cent) with high working interest; -- Contributes approximately 140,000 net undeveloped acres with existing cash flow, reserves, and a stable production base in place. 

 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.