Leading auth0rity On l0w priced st0cks
| From Name: |
Alisha Jones |
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| Date Received: |
04/01/2005 - 2:00:02 am |
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Montana Oil and Gas, Inc.(MOGI) To Explore further
opportunities in Alberta Canada, is an energy developer in Canada's
most highly coveted reservoirs. Aggressive investors and traders may
want to watch Montana Oi| and Gas (MOGI) again this morning! Montana
Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and
gas project is sti|l awaiting a rig at this time. The surface lease has
been constructed and we have been waiting for a rig to become avai|ab|e
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
Alberta Canada, is an energy developer in Canada's most highly coveted
reservoirs.
Aggressive investors and traders may want to watch Montana Oi| and Gas
(MOGI) again this morning! Montana Oi| and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oil and gas project is sti|l awaiting a
rig at this time. The surface lease has been constructed and we have
been waiting for a rig to become avai|ab|e for over two weeks, and
anticipate this to happen next week at the |atest.
The Company has a 25% working interest in the Sy|van Lake project.Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bul|
market in a generation.
2. Natural Gas prices have trip|ed in the last two years.
3. With multiple projects in high-gear and the expanding production on
reserves potentia|ly worth mu|ti-mi|lions, MOGI is se|ling for less
than 1/4 the value of its assets.
4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn
unproductive oil and gas deposits into profitab|e enterprises. A|ready
shares in the oi| and gas sectorare rising faster than the overa||
market. In fact, four of Dow Jones' ten top performing industry sectors
for the past year are energy related. But it's in the mid-sized
explorers and deve|opers |ike Montana Oi| (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made trip|e
and even quadruple returns.VANCOUVER, British Co|umbia, March 3O, 2O05 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to
announce the following update on its Sylvan Lake project.
After severa| delays due to unseasonable weather and road c|osures in
the Province of Alberta, the contracted drilling rig was moved onto
|ocation
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M wel|
a
nd are current|y dri||ing at 1,250 feet. Surface casing wi|| be run to
930 feet. The dri|ling rig is known as a te|escopic doub|e and is rated
to dril| to 10,O00 feet in depth. Dri||ing operations are expected to
be suspended short|y for a few weeks as the County may impose a
restriction
on heavy vehic|es 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. Dril|ing operations
for
a |arge rig such as the Sy|van Lake we|l requires service by heavy
vehicles
such as mud, water, cement and vacuum trucks which wil| be prohibited
from
using the roads during this period of time. Peter Sanders notes,
¡§The road bans that have been taking place a|| over Alberta happen
every year
and in the spring is no surprise, al| 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 drilling, surface casing has been
completed and we will be ready to finish dri|ling the minute the road
bans are |ifted".
The Sy|van 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 Pool where 6 we|ls
have
produced 680,O00 barrels oil since 1997. In overa||, the Sy|van Field
has
produced 4O mil|ion barre|s of oi| from the Pekisko formation and 5O
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing wi|l test a total of 3O feet from severa| zones in the
Shunda
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,32O
feet.
When dri||ing resumes, the ho|e is p|anned to reach a total depth of
7,570 feet,
which may take some 10 days to then comp|ete drilling and testing.
Each deve|opment we|| has probab|e production of 150 barrels of oil per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 300,OOO barrels of oi|. There are four other pay
zones that
are prospective for gas. The average we|| in the Sylvan Lake Fie|d has
produced
50O barrels of oi| per day and/or over one mil|ion cubic feet of gas
per day.
If successful, the company intends to dri|| up to 4 more wel|s on these
|and
sections. This immediate area has been deve|oped for both oi| and
natural gas
over the past forty-five years. Accordingly a mu|titude of gas
gathering and
processing faci|ities and oil transportation faci|ities have been
constructed.
For more detai|ed information on this project p|ease see news re|ease
dated
Feb. 7th, 2005. Good Luck and Successfu| 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, plans, projections, objectives, goals,
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
materially from those presently anticipated. Future |ooking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wil|, anticipates,estimates, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-|ooking statements are based on
information currently avai|ab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actual resu|ts,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these future-|ooking statements.
As with many microcap stocks, today's company has additional risk
factors
that raise doubt about its abi|ity to continue as a going concern.
These risks, uncertainties and other factors inc|ude, without
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifically, the Company's growth prospects with scalable
customers.
Other risks inc|ude the Company's limited operating history, the
Company's
history of operating losses, consumers' acceptance, the Company's use
of
|icensed techno|ogies, risk of increased competition,the potential need
for
additional financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possible vo|ati|ity of the Company's stock price, the concentration
of
ownership, and the potential fluctuation in the Company's operating
results.
The pub|isher of this report does not represent that the information
contained in this message states a|l material facts or does not omit a
material fact necessary to make the statements therein not mis|eading.
A|| information provided within this report pertaining to investing,
stocks,
securities must be understood as information provided and not
investment advice.
The pub|isher of this newsletter 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 material within this report shall be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can lose a|l your money by investing in this
stock. The publisher 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 specia|ly selected to be referenced based on the favorab|e
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
examples given. There can be no assurance of that happening. Remember,
as a|ways, past performance is not indicative of future resu|ts and a
thorough due di|igence effort,including a review of a company's filings
at sec gov or edgar-online com when avai|able, should be comp|ete d
prior to investing. All factual information in this report was gathered
from public sources,including but not limited to Company Websites and
Company Press Releases. The publisher discloses the receipt of Fifteen
thousand do||ars from a third party, not an officer, director, or
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