Big Sky Energy Corporation
OTC Bulletin Board : BSKO

Big Sky Energy Corporation

August 08, 2005 09:00 ET

Big Sky Purchases Outstanding 10% Interest in its Subsidiary KoZhaN LLP

CALGARY, ALBERTA--(CCNMatthews - Aug. 8, 2005) - Big Sky Energy Corporation (OTCBB:BSKO) (the "Corporation") announced today that it purchased the outstanding 10% interest in its subsidiary KoZhaN LLP for US$1.25 million. This purchase is subject to the relevant approvals of the Ministry of Energy and Mineral Resources (MEMR) of Kazakhstan, which are anticipated directly. KoZhaN owns the Morskoe, Dauletaly, and Karatal licenses, 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, "which allows for a more efficient operation as we prepare to exploit these assets in the near future.

Big Sky Energy Corporation is an oil and gas company which is focused on exploiting assets in the greater Caspian region. The Company is currently exploring its 5 licenses, encompassing an area in excess of 15,000, located on the north-eastern shore of the Caspian sea.

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. Matthew Heysel
    (403) 234-8282
    (403) 265-8808 (FAX)