MASP, - It Could Make a Rally and Soar! (Must Read)- PennyOmega.com Watch List! for Monday July 26, 2010
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MASP, MASS Petroleum Inc., MASP.OB
Each American uses approximately 25 barrels of oil each year. That’s about a barrel every two weeks.
One barrel (42 gallons) of crude oil, when refined, yields approximately 19.6 gallons of finished motor gasoline. The remainder of the barrel yields distillate fuel oil, residual fuel oil, jet fuel, and other products. Americans are using about 178 million gallons of gasoline each and every day.
It’s no secret that the U.S. has been struggling against Peak Oil for more than 20 years. And at the rate U.S. oil production is declining, new sites must be developed not only on a regular basis, but on an expedited basis.
The US has 21,320,000,000 barrels of proven oil in reserves.
The US needs a minimum of 1,040,000,000 barrels of oil a year. Our reserves are sufficient to last for almost 20 years before we run out of oil!
But in order to be in a position to refine the oil we use, there must be new sites developed on a recurrent basis.
MASP is engaged in the acquisition of producing oil and natural gas wells, interests and leases from existing companies, governments, and through the open market.
MASP has been continuing its efforts of evaluating producing oil and gas assets that have blue sky potential through drilling.
MASP has recently refined its criteria to include stable production areas in the Midwestern United States and Canada.
MASP is looking to acquire producing oil and gas projects in Western Canada,a major producer of oil for many decades. Canada’s proven oil reserves are well developed and hold more than 175 billion barrels of oil. In fact, the Alberta Oil Sands is the second largest source proven crude oil reserves in the world next to Saudi Arabia .
Alberta accounts for more than 95 percent of Canada’s oil reserves with 99 percent (170.4 million barrels) of its proven oil reserves found in its oil sands.
MASP’s primary objective is to make strategic acquisitions balanced with focused exploration and development plans. It also seeks to build core areas with significant undeveloped land, high working interest and/or operatorship, balance a light oil and gas portfolio with large scalable reserves, and focus on high Working Interest (WI) projects with an upside drilling prospect.
As you’ve just read, HUGE oil and gas reserves could be waiting for MASP!
Keep a close eye on MASP from now on! MASP’s trading levels could change in no time and you don’t want to be out of the action!
More about MASP at www.masspetroleum.com
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MASP is on PennyOmega.com’s RADAR! Do your homework, and like always BE READY for the Action!!!
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Tags: Gary Chayko, Jordan Shapiro, MASP, MASP.OB, MASS Petroleum, OTC: MASP, OTCBB: MASP, Vitaly Melnikov
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