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) |
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