Big Sky Energy to Purchase Outstanding Stake in KoZhaN LLP

Big Sky Energy reports that it has received Ministry of Energy and Mineral Resources (MEMR) approval to purchase the outstanding interest in its subsidiary KoZhaN LLP 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. "We will therefore accelerate our efforts to exploit KoZhaN's assets."