Big Sky Energy Corporation
OTC Bulletin Board : BSKO

Big Sky Energy Corporation

January 16, 2006 14:04 ET

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

CALGARY, ALBERTA--(CCNMatthews - Jan. 16, 2006) - Big Sky Energy Corporation (OTCBB:BSKO) (the "Company") announced today 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."

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.

Contact Information

  • Big Sky Energy Corporation
    Mr. S. A. (Al) Sehsuvaroglu
    President and CEO
    7 3272 598 903
    7 3272 597 628 (FAX)
    Email: sas@bigskycanada.com
    or
    Big Sky Energy Corporation
    Mr. Matthew Heysel
    Chairman
    (403) 234-8282
    (403) 265-8808 (FAX)
    Email: mh@bigskycanada.com