LAS VEGAS, Nov. 16, 2009 (GLOBE NEWSWIRE) -- SmallCapSentinel.com announces the release of a profile of emerging Oil and Gas company MASS Petroleum (OTCBB:MASP) of interest to investors of oil and gas leaders ATP Oil & Gas Corp. (Nasdaq:ATPG), GMXR Resources Inc. (Nasdaq:GMXR), Hercules Offshore Inc. (Nasdaq:HERO), and Rosetta Resources Inc.(Nasdaq:ROSE).
The profile is available at www.smallcapsentinel.com/MASP
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Market Update: This morning, MASS Petroleum reported 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.
From the report: 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 strategy to create shareholder value. MASS Petroleum is currently in the process of acquiring several producing oil and gas assets in Western Canada. The target acquisitions offer a stable production base with low risk drilling opportunities. This provides steady cash flow for continued exploration and development in various prospect areas within the Western Canadian Sedimentary Basin. Canada's proven oil reserves are well developed and holds more than 175 billion barrels of oil. The area is politically stable and has been a major oil producer of many decades.
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Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved statements made in this report. This report is neither a solicitation to buy nor offer to sell securities but is for information purposes only and shouldn't be used as basis for any investment decision. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $5,000 by Archon Global, a financial public relations consultant to MASS Petroleum/MASP, for this report and other advertising services. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.