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XOM, MASP, - PennyOmega.com Stocks to Watch!__ MASP, MASS Petroleum Inc., MASP.OB MASP is an oil and gas production company backed by an experienced and dedicated management team. 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 Signs LOI for Kansas Oil & Gas Leases ** MASP reported that it has signed a LOI with JKA Ventures to acquire various oil and gas leases located in Kansas, USA. The leases available to MASP include high working interest oil operations with current production at approximately 12 bbl/d from several leases located in Crawford County Kansas. In addition, there are other prospective leases in the area MASP will have access to as well for further development and drilling purposes. The bulk of the production of the oil leases derives from the Bartlesville and Cattleman formations of Pennsylvanian age which fit into MASP's target area as mentioned earlier. The preliminary terms of the LOI assign a cost of the acquisition at $ 800,000 USD subject to MASP completing its due diligence on the target leases in order to determine their economic value in today's market. MASP has been continuing its efforts to determine key areas of interest through evaluating oil and gas assets with development and drilling upside potential. MASP has determined the Kansas areas provide low-risk, multi-well oil and gas investments via direct participation programs through a direct ownership position in the wells or joint venture opportunities. Key facts about Kansas oil production include: * The first oil well in Kansas was drilled in 1860. * Currently Kansas produces oil and gas in 89 of the 105 counties. * Over 4000 permits to drill have been issued in Kansas to date. * The average well depth is about 3,500 feet. * Over 59,000 wells are actively producing oil and natural gas in Kansas. * 70% of the wells produce oil and the other 30% produce natural gas. * There are over 2100 oil and gas producers operating in Kansas. MASP is increasing its cash flow through this acquisition and plans to use the funds to acquire additional production assets with similar parameters. More about MASP at www.masspetroleum.com ************************************************************** XOM, Exxon Mobil Corporation XOM, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs. XOM holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. ** XTO Energy Inc. ('XTO'), a wholly-owned subsidiary of XOM reported that the previously announced cash tender offers (each, an 'Offer') for any and all of its outstanding debt securities in the series specified in the table below (the 'Securities') expired at 5:00 p.m., New York City time, on July 26, 2010. After the expiration of the Offers, XTO accepted for purchase all of the Securities which were validly tendered and not validly withdrawn prior to the expiration of the relevant Offer, representing a total aggregate principal amount of approximately $2.048 billion. Title of Securities CUSIP No. Aggregate Principal Amount Accepted for Purchase 6.10% Senior Notes due April 1, 2036 98385XAJ5 $416,481,000 6.75% Senior Notes due August 1, 2037 98385XAM8 $1,139,628,000 6.375% Senior Notes due June 15, 2038 98385XAQ9 $491,577,000 Payment for Securities purchased pursuant to the Offers was made to The Depository Trust Company, as registered holder of the Securities, earlier today. XTO funded the purchase of the Securities with available cash on hand and inter-company borrowings from its parent, XOM. More about XOM at www.exxonmobil.com. ************************************************************** Sign up to receive FREE stock alerts from PennyOmega.com at http://www.PennyOmega.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. 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As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. 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) As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |