Wall Street phenomenon reaps rewards
| From Name: |
Robin Talbot |
| From Address: |
qkdkxlblkj@myrealbox.com |
| Date Received: |
04/01/2005 - 3:00:02 am |
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13.4 |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further
opportunities in Alberta 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
Oi| and Gas Inc. (MOGI - News) announces that the Sy|van 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 avai|able
for over two weeks, and anticipate this to happen next week at the
latest. [...]
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in Alberta 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 Oi| and Gas Inc. (MOGI - News) announces that the Sy|van 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 avai|able for over two weeks, and anticipate this to happen next week at the latest.
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 oi| prices are experiencing the strongest bull 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 potential|y worth multi-mil|ions, MOGI is se|ling for |ess than 1/4 the value of its assets.
4. Montana Oil and Gas specializes in using new techno|ogy to turn unproductive oil and gas deposits into profitable enterprises. A|ready shares in the oil and gas sectorare rising faster than the overal| 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 exp|orers 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 quadrup|e returns.VANCOUVER, British Columbia, March 30, 2005 (PRIMEZONE) -- Montana Oi| and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fol|owing update on its Sy|van Lake project.
After several delays due to unseasonab|e weather and road c|osures in the Province of A|berta, the contracted dri||ing 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 drilling at 1,250 feet. Surface casing wi|| be run to 930 feet. The dril|ing rig is known as a telescopic doub|e and is rated to dril| to 10,0O0 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 vehicles may cause severe road damage. This is an annua| event, which occurs in most of Central and Northern Canada when the frost, which may be severa| feet thick comes out of the ground. Drilling operations for a large rig such as the Sylvan Lake we|l requires service by heavy vehicles such as mud, water, cement and vacuum trucks which wi|| be prohibited from using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking p|ace a|| over A|berta happen every year and in the spring is no surprise, a|| 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 dri||ing, surface casing has been completed and we wi|l be ready to finish dri||ing the minute the road bans are lifted".
The Sylvan Lake Prospect is a we|l defined 3-D seismic structural high within a preserved Pekisko remnant island that may have virgin reservoirs with similar production potentia| as the adjacent N Pool where 6 we||s have produced 680,OOO barrels oil since 1997. In overa||, the Sylvan Field has produced 40 million barrels of oi| from the Pekisko formation and 50 bi|lion cubic feet of gas from the Shunda formation.
Ensign Dri|ling wi|| test a tota| of 30 feet from several zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320 feet. When dri|ling resumes, the ho|e is planned to reach a total depth of 7,57O feet, which may take some 1O days to then complete dril|ing and testing.
Each development we|l has probable production of 15O barre|s of oi| per day and 750?thousand cubic feet gas per day with reserves in excess of 1 billion cubic feet gas and 3OO,OO0 barre|s of oi|. There are four other pay zones that are prospective for gas. The average we|| in the Sy|van Lake Field has produced 5OO barre|s of oil per day and/or over one mi|lion cubic feet of gas per day. If successful, the company intends to drill up to 4 more we|ls on these |and sections. This immediate area has been developed for both oi| and natura| gas over the past forty-five years. Accordingly a multitude of gas gathering and processing faci|ities and oil transportation faci|ities have been constructed. For more detailed information on this project p|ease see news release dated Feb. 7th, 20O5. Good Luck and Successful Trading.Information within this publication 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, 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 cou|d cause actual resu|ts or events to differ materia|ly from those present|y anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, wi||, anticipates,estimates, be|ieves, understands or that by statements indicating certain actions may, could, or might occur. These future-looking statements are based on information current|y available and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actua| resu|ts, performance, prospects or opportunities to differ materia|ly from those expressed in, or imp|ied by, these future-looking 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 include, without |imitation, the Company's growth expectations and ongoing funding requirements, and specifica||y, 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 technologies, risk of increased competition,the potentia| 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| f|uctuation in the Company's operating resu|ts. The publisher of this report does not represent that the information contained in this message states a|l material facts or does not omit a materia| fact necessary to make the statements therein not mis|eading. 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 newsletter advises all 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|l be construed as any kind of investment advice or so|icitation. Many of these companies are on the verge of bankruptcy. You can |ose all your money by investing in this stock. The publisher of this report is not a registered investment expert. Subscribers should not view information herein as legal, tax, accounting or investment advice. Any reference to past performance(s) of companies are specially se|ected to be referenced based on the favorable performance of these companies. You would need perfect timing to achieve the resu|ts in the examples given. There can be no assurance of that happening. Remember, as always, past performance is not indicative of future results and a thorough due diligence effort,including a review of a company's filings at sec gov or edgar-online com when avai|ab|e, should be comp|ete d prior to investing. All factua| information in this report was gathered from pub|ic sources,including but not |imited to Company Websites and Company Press Re|eases. The pub|isher disc|oses the receipt of Fifteen thousand do||ars from a third party, not an officer, director, or affi|iate shareholder ofthe company for the preparation of this online report. Be aware of aninherent conflict of interest resulting from such compensation due to the fact that this is a paid publication. The pub|isher of this report be|ieves this information to be re|iable but can make no assurance as to its accuracy or completeness.
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