Chuma Holdings Inc. (fka CHUM)

[vulken17]

Company web site: http://www.masspetroleum.com/
As of July 19, 2011, the registrant's outstanding common stock consisted of 135,748,000 shares.

A nice share structure and there does not appear to be any active dilution going on.

From the 10Q:

We intend to build our business through the acquisition of producing and exploration stage oil and natural gas wells, interests and leases. Our strategy is to combine the secure and reliable revenue source of operated and non-operated interests from producing oil wells with the higher risk development of oil and gas exploration projects. For the next 12 months (beginning August 2011), we plan to purchase additional operated and non-operated interests in producing oil and natural gas properties, to acquire additional exploration stage properties and carry out an exploration program on the acquired properties. We are not involved in any bankruptcy, receivership or similar proceedings.

In my view this stock has a nice risk/reward:

The risk is that they don't get the funding, they dilute the stock to $.0001, and/or they just fold up shop and go dark.
The reward is that the company comes through with the funding and completes acquisitions that add value to the stock and its shareholders.