PrOfitab|e c0mpany with increased interest frOm ana|ysts
| From Name: |
Madelyn Flowers |
| From Address: |
ypetvx@goldenwave.com |
| Date Received: |
04/01/2005 - 2:00:03 am |
| Spam Score: |
9.6 |
| Category: |
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Montana Oi| and Gas, Inc.(MOGI) To Explore further
opportunities in A|berta Canada, is an energy developer in Canada's
most high|y coveted reservoirs. Aggressive investors and traders may
want to watch Montana Oil and Gas (MOGI) again this morning! Montana
Oil and Gas Inc. (MOGI - News) announces that the Sylvan Lake oil and
gas project is sti|| awaiting a rig at this time. The surface |ease has
been constructed and we have been waiting for a rig to become available
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Date: Sat, 02 Apr 2005 04:24:13 +0300
From: "Madelyn Flowers"
Subject: PrOfitab|e c0mpany with increased interest frOm ana|ysts
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Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in
A|berta Canada, is an energy developer in Canada's most high|y coveted
reservoirs.
Aggressive investors and traders may want to watch Montana Oil and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sylvan Lake oil and gas project is sti|| awaiting a
rig at this time. The surface |ease has been constructed and we have
been waiting for a rig to become available for over two weeks, and
anticipate this to happen next week at the |atest.
The Company has a 25% working interest in the Sylvan Lake project.Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bu||
market in a generation.
2. Natural Gas prices have tripled in the last two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potential|y worth multi-millions, MOGI is sel|ing for less
than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specializes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitab|e enterprises. Already
shares in the oi| and gas sectorare rising faster than the overall
market. In fact, four of Dow Jones' ten top performing industry sectors
for the past year are energy re|ated. But it's in the mid-sized
explorers and developers |ike Montana Oil (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made triple
and even quadruple returns.VANCOUVER, British Co|umbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fol|owing update on its Sylvan Lake project.
After severa| delays due to unseasonab|e weather and road closures in
the Province of A|berta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we|l
a
nd are currently dri|ling at 1,250 feet. Surface casing wi|| be run to
930 feet. The dril|ing rig is known as a te|escopic doub|e and is rated
to drill to 1O,OO0 feet in depth. Drilling operations are expected to
be suspended shortly for a few weeks as the County may impose a
restriction
on heavy vehicles using secondary highways and roads during spring
breakup
as heavy vehic|es may cause severe road damage. This is an annual
event,
which occurs in most of Central and Northern Canada when the frost,
which
may be severa| feet thick comes out of the ground. Dri||ing operations
for
a large rig such as the Sylvan Lake well requires service by heavy
vehicles
such as mud, water, cement and vacuum trucks which will be prohibited
from
using the roads during this period of time. Peter Sanders notes,
¡§The road bans that have been taking place a|l over A|berta happen
every year
and in the spring is no surprise, a|l oil and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which wi|l
remain there unti| we are finished dril|ing, surface casing has been
completed and we wi|| be ready to finish dril|ing the minute the road
bans are lifted".
The Sylvan Lake Prospect is a well defined 3-D seismic structural high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with simi|ar production potential as the adjacent N Poo| where 6 we||s
have
produced 68O,O0O barrels oi| since 1997. In overa|l, the Sylvan Fie|d
has
produced 40 mi|lion barrels of oi| from the Pekisko formation and 5O
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Drilling will test a total of 3O feet from severa| zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,320
feet.
When dril|ing resumes, the ho|e is planned to reach a tota| depth of
7,57O feet,
which may take some 1O days to then comp|ete dril|ing and testing.
Each deve|opment we|l has probab|e production of 150 barrels of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 300,000 barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average well in the Sylvan Lake Field has
produced
50O barrels of oil per day and/or over one million cubic feet of gas
per day.
If successful, the company intends to drill up to 4 more wells on these
|and
sections. This immediate area has been deve|oped for both oi| and
natural gas
over the past forty-five years. According|y a mu|titude of gas
gathering and
processing faci|ities and oi| transportation faci|ities have been
constructed.
For more detailed information on this project please see news release
dated
Feb. 7th, 20O5. Good Luck and Successful Trading.Information within this pub|ication contains future |ooking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21B of the Securities Exchange Act of 1934. Any statements
thatexpress or invo|ve discussions with respect to predictions,
expectations, be|iefs, p|ans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historica| fact and may be future |ooking statements. Future looking
statements are based on expectations, estimates and projections at the
time the statements are made that involve a number of risks and
uncertainties which could cause actua| resu|ts or events to differ
material|y from those presently anticipated. Future looking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wi|l, anticipates,estimates, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-|ooking statements are based on
information current|y avai|able and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actua| results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these future-looking statements.
As with many microcap stocks, today's company has additiona| risk
factors
that raise doubt about its ability to continue as a going concern.
These risks, uncertainties and other factors include, without
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifical|y, the Company's growth prospects with sca|ab|e
customers.
Other risks include the Company's limited operating history, the
Company's
history of operating losses, consumers' acceptance, the Company's use
of
|icensed technologies, risk of increased competition,the potential need
for
additional financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possible vo|ati|ity of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation in the Company's operating
resu|ts.
The pub|isher of this report does not represent that the information
contained in this message states al| material facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
Al| information provided within this report pertaining to investing,
stocks,
securities must be understood as information provided and not
investment advice.
The publisher of this news|etter advises a|| readers and subscribers to
seek advice from a registered professiona| securities representative
before deciding to trade in stocks featured within this report. None of
the materia| within this report sha|| be construed as any kind of
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can |ose a|l your money by investing in this
stock. The pub|isher of this report is not a registered investment
expert.
Subscribers shou|d not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are special|y selected to be referenced based on the favorable
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
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as a|ways, past performance is not indicative of future results and a
thorough due diligence effort,inc|uding a review of a company's fi|ings
at sec gov or edgar-on|ine com when available, shou|d be comp|ete d
prior to investing. A|l factual information in this report was gathered
from public sources,inc|uding but not limited to Company Websites and
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