Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Big Sky Energy Receives Approval to Purchase Outstanding 10% Interest in its Subsidiary KoZhaN LLP.


CALGARY, Alberta -- Big Sky Energy Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BSKO) (the "Company") announced today it has received Ministry of Energy and Mineral Resources (MEMR MEMR Memory Read
MEMR Memory Effect Modeling Ratio
) approval to purchase the outstanding interest in its subsidiary KoZhaN LLP LLP - Lower Layer Protocol  for US$1.25 million.

KoZhan LLP owns the Morskoe, Karatal, and Dauletaly blocks which are located in the pre-Caspian basin in western Kazakhstan.

"We now own 100% of KoZhaN LLP," stated Mr. Al Sehsuvaroglu, the Company's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We will therefore accelerate our efforts to exploit KoZhaN's assets."

Big Sky Energy Corporation is an international oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently producing from Kazakhstan's renowned pre-Caspian Basin.

NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.

Big Sky Energy Corporation (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
:BSKO)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 16, 2006
Words:202
Previous Article:Life Finance Association of America Appoints Director.
Next Article:MP3 Generation is Focus of Hearing Health Campaign Launched by House Ear Institute.
Topics:



Related Articles
Valley Resources announces public offering.
Nu-Sky Energy Inc. Releases 2nd Quarter Results and Grants Stock Options.
Nu-Sky Energy Inc. Receives Final Approval on Private Placement.
North Coast Energy, Inc. to Be Acquired by EXCO Resources, Inc.
China Energy Ventures Corp. Augments Management Team.
Big Sky Energy Announces the Closing of US $26.5 Million of Escrow Funds.
Big Sky Energy Confirms the Status of its Karatal and Dauletaly Contracts, Kazakhstan.
Joint venture pays $1.3b to buy multifamily REIT.
ATS Inc., a Member of Australia's Woodside Group, Commences an All-Cash Tender Offer for Shares of Energy Partners, Ltd.
Dynegy Announces Agreement to Combine Operating Assets and Establish Development Joint Venture with LS Power.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles