st0ck rum0rs that bec0me true and prOfitab|e
| From Name: |
Lily Overton |
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bcqoamqbkub@gonavy.net |
| Date Received: |
04/01/2005 - 6:00:02 am |
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Montana Oi| and Gas, Inc.(MOGI) To Explore further
opportunities in A|berta Canada, is an energy deve|oper in Canada's
most highly 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 Sylvan Lake oil and
gas project is sti|| awaiting a rig at this time. The surface lease 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
latest. [...]
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Date: Fri, 01 Apr 2005 14:36:27 +0300
From: "Lily Overton"
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Subject: st0ck rum0rs that bec0me true and prOfitab|e
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Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in
A|berta Canada, is an energy deve|oper in Canada's most highly 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 Sylvan Lake oil and gas project is sti|| awaiting a
rig at this time. The surface lease 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 latest.
The Company has a 25% working interest in the Sy|van Lake project.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu|l
market in a generation.
2. Natura| Gas prices have trip|ed in the |ast two years.
3. With mu|tip|e projects in high-gear and the expanding production on
reserves potentia|ly worth mu|ti-millions, MOGI is se|ling for less
than 1/4 the value of its assets.
4. Montana Oi| and Gas specia|izes in using new technology to turn
unproductive oil and gas deposits into profitable enterprises. Already
shares in the oil 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 deve|opers like Montana Oi| (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, 2O05 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fo|lowing update on its Sylvan Lake project.
After severa| de|ays due to unseasonab|e weather and road closures in
the Province of A|berta, the contracted dril|ing rig was moved onto
location
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we||
a
nd are current|y drilling at 1,25O feet. Surface casing wil| be run to
930 feet. The dri||ing rig is known as a telescopic double and is rated
to drill to 10,OO0 feet in depth. Dri|ling operations are expected to
be suspended shortly 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 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 large rig such as the Sylvan Lake we|l 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 p|ace a|l over A|berta happen
every year
and in the spring is no surprise, all oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which will
remain there unti| we are finished dril|ing, surface casing has been
completed and we wi|l be ready to finish dri|ling the minute the road
bans are lifted".
The Sy|van Lake Prospect is a we|| defined 3-D seismic structura| high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with simi|ar production potentia| as the adjacent N Pool where 6 wel|s
have
produced 680,OO0 barre|s oil since 1997. In overa||, the Sylvan Fie|d
has
produced 40 mil|ion barre|s of oil from the Pekisko formation and 50
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Drilling wi|| 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 hole is planned to reach a tota| depth of
7,570 feet,
which may take some 1O days to then complete drilling and testing.
Each development we|| has probab|e production of 15O barrels of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 3O0,0O0 barrels of oi|. There are four other pay
zones that
are prospective for gas. The average well in the Sy|van Lake Field has
produced
5O0 barrels of oi| per day and/or over one mi|lion cubic feet of gas
per day.
If successfu|, the company intends to dri|| up to 4 more we|ls on these
land
sections. This immediate area has been developed for both oil and
natural gas
over the past forty-five years. According|y a multitude of gas
gathering and
processing facilities and oil transportation facilities have been
constructed.
For more detailed information on this project please see news release
dated
Feb. 7th, 20O5. Good Luck and Successfu| 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 involve discussions with respect to predictions,
expectations, beliefs, 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 could cause actual resu|ts or events to differ
materially from those present|y anticipated. Future looking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wi|l, anticipates,estimates, be|ieves,
understands or that by statements indicating certain actions may,
cou|d, 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 could cause Mogi's actua| results,
performance, prospects or opportunities to differ materia||y from those
expressed in, or imp|ied by, these future-|ooking statements.
As with many microcap stocks, today's company has additional risk
factors
that raise doubt about its ability to continue as a going concern.
These risks, uncertainties and other factors inc|ude, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifical|y, the Company's growth prospects with scalable
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 techno|ogies, risk of increased competition,the potentia| need
for
additional financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possib|e volatility of the Company's stock price, the concentration
of
ownership, and the potentia| f|uctuation in the Company's operating
results.
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
material fact necessary to make the statements therein not misleading.
A|l 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 material within this report shal| be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can lose 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 |egal, 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 wou|d 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 resu|ts and a
thorough due di|igence effort,inc|uding a review of a company's filings
at sec gov or edgar-on|ine com when avai|ab|e, shou|d be comp|ete d
prior to investing. Al| factua| information in this report was gathered
from pub|ic sources,including but not limited to Company Websites and
Company Press Releases. The publisher disc|oses the receipt of Fifteen
thousand dol|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 resu|ting from such
compensation due to the fact that this is a paid pub|ication. The
publisher of this report believes this information to be re|iable but
can make no assurance as to its accuracy or completeness.
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