Mass Petroleum (OTC.BB:MASP) (Frankfurt:0MP) 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, that’s because of MASP is an oil and gas production company backed by an experienced and dedicated management team.
What they are doing:
MASP has increased its efforts by evaluation of producing oil and gas properties that have a blue sky growth potential.
MASP has planned to shift its focus towards stable production areas in Midwestern United States and Canada.
MASP has committed to acquiring existing oil and gas wells throughout these regions, clean them out, and continue using them for drilling oil and gas going forward.
MASP is getting a new lease on the oil and gas business which is acquiring six separate leases in the Walnut Southeast field area.
And finally, MASP announced this week that it has entered into a non-binding Letter of Intent with JKA Ventures Corp. for the purchase of 100% of JKA’s working interest in the Walnut, Southeast Field in Crawford, Kansas for a total purchase price of $800,000.
MASP notes that the production in the area has the potential to move from the approximate 12 BOPD it’s at currently to 20 BODP with a modest level of field expenditure.
As you’ve recently read our articles, since July 16, share of MASP shows an increase about 250% which it may be a good news for their shareholders. Shares of MASP jumped $0.004 (+38.00%), up to $0.0138 in the end of market tradingon last Friday!
MASP’s main objectives are to make long term acquisitions with well defined development and exploration strategies, enhance its core business with land packages and high working interests, put more efforts in high working interest projects with substantial drilling prospects and build a balanced and diversified oil and gas business portfolio.
Make sure your Radar is on and you have MASP on your watch list; Be ready!
More about MASP at: http://www.masspetroleum.com
*** ***
Alico, Inc., (Nasdaq:ALCO) a land management company, recently announced that a Lee County judge signed a Final Summary Judgment of Foreclosure pertaining to a mortgage on a parcel of land in Lee County sold by Alico’s Alico-Agri, Ltd subsidiary to Ginn-La Naples, Ltd., LLLP.
Under the terms of the foreclosure, a date has been set for public auction for Wednesday, August 18, 2010 at 9:00 am EDT. Alico-Agri, by virtue of its mortgage, has the option to retain the property up to a bid of $52.2 million, allow for the sale of the property to a third party bidder, or place bids in excess of the mortgage amount. In the event that a bid exceeds the mortgage balance, the property will be awarded to the highest bidder. Alico-Agri additionally holds $1.7 million of tax certificates on the property, which must be redeemed by a third party if the third party is the winning bidder.
*** ***
Oxygen Biotherapeutics, Inc. (Nasdaq:OXBT) (SIX:OXBT) recently filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (SEC) for its Fiscal Year 2010, which ended April 30, 2010. This document can be accessed at our corporate web site by clicking on the “SEC Filings” link at www.oxybiomed.com/investors.htm.
The report was filed well within the 15-day allowance granted to the Company when it filed a Notice under Rule 12b-25 on July 14, 2010, notifying the SEC of its inability to meet the required filing deadline. Oxygen filed for an extension due to its transition to accelerated filer status this fiscal year. While the company had planned to file on time, it did not have the resources to file within the prescribed timeframe without unreasonable effort or expense.
Sign Up For Free Stock Alerts At http://crwewallstreet.com/signup
******************************************************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWEWallStreet publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEWallStreet.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.read more Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars in cash from a third party (Allen James Group) for (1) day of advertisement services for Mass Petroleum Corp. (OTCBB:MASP).
