Breaker Energy $400M deal.MASP is acquiring properties belonging to Breaker with plenty of opportunity to expand.
MASS Petroleum Provides Update on Western Canadian Basin Strategy
Press Release Source: MASS Petroleum Inc. On Friday December 4, 2009, 4:01 pm EST
LAS VEGAS, NV--(Marketwire - 12/04/09) - (OTC.BB:MASP - News) (Frankfurt:0MP - News) 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 pleased to provide an update on its western Canadian strategy.Our efforts to acquire production and development assets in the Western Canadian Basin are validated by the size and frequency of transactions occurring in the area in the last quarter.
MASS Petroleum commented on this recent activity in its news release on November 16th, 2009. In that release MASS Petroleum highlighted the major points of the $403 million transaction between NAL Oil & Gas Trust and Breaker Energy Ltd due to the fact that MASS Petroleum is engaged in an acquisition strategy specifically in this prolific area. MASS Petroleum was not a part of that transaction; rather, MASS Petroleum reported this purchase because this major purchase demonstrates that our acquisition targets and strategy are in line with other major players in this industry. We are moving steadily towards our target and hope to make a definitive announcement soon.
On behalf of the Board of Directors,
Gary Chayko
President, MASS Petroleum Inc.
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