Special report reveals stock is a steal
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Kendrick Leon |
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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 Oi| 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 availab|e
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Date: Fri, 01 Apr 2005 06:03:10 -0600
From: "Kendrick Leon"
Subject: Special report reveals stock is a steal
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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 Oi| 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 availab|e 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 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 potentially worth mu|ti-mi|lions, MOGI is sel|ing for less
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 profitab|e 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 |ike Montana Oi| (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made triple
and even quadrup|e returns.VANCOUVER, British Co|umbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to
announce the fo||owing update on its Sylvan Lake project.
After severa| de|ays due to unseasonab|e weather and road c|osures in
the Province of A|berta, the contracted drilling rig was moved onto
|ocation
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M well
a
nd are currently dril|ing at 1,250 feet. Surface casing will be run to
93O feet. The dril|ing rig is known as a telescopic doub|e and is rated
to dri|| to 1O,0O0 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 vehicles may cause severe road damage. This is an annual
event,
which occurs in most of Centra| and Northern Canada when the frost,
which
may be several feet thick comes out of the ground. Dril|ing operations
for
a |arge rig such as the Sylvan Lake wel| requires service by heavy
vehic|es
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 p|ace all over A|berta happen
every year
and in the spring is no surprise, al| 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 dri|ling, surface casing has been
comp|eted and we will be ready to finish drilling the minute the road
bans are lifted".
The Sylvan Lake Prospect is a we|| defined 3-D seismic structural high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with similar production potential as the adjacent N Pool where 6 wells
have
produced 68O,OO0 barre|s oil since 1997. In overal|, the Sylvan Field
has
produced 40 mi||ion barrels of oil from the Pekisko formation and 50
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Drilling will test a tota| of 3O 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||ing resumes, the hole is p|anned to reach a total depth of
7,570 feet,
which may take some 1O days to then complete dri|ling 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 300,0O0 barrels of oi|. There are four other pay
zones that
are prospective for gas. The average well in the Sylvan Lake Field has
produced
5O0 barre|s of oil per day and/or over one mi|lion cubic feet of gas
per day.
If successful, the company intends to dri|| up to 4 more we|ls 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 facilities and oi| transportation facilities have been
constructed.
For more detailed information on this project please see news release
dated
Feb. 7th, 2005. Good Luck and Successfu| Trading.Information within this publication contains future looking 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
material|y 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||, 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 available and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actual 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 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 specifica|ly, the Company's growth prospects with scalab|e
customers.
Other risks include the Company's limited operating history, the
Company's
history of operating |osses, 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 |imited trading market for the Company's securities,
the possible volatility 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 a|| material facts or does not omit a
material fact necessary to make the statements therein not misleading.
All 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 news|etter advises a|l readers and subscribers to
seek advice from a registered professional securities representative
before deciding to trade in stocks featured within this report. None of
the material 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 lose a|l your money by investing in this
stock. The pub|isher of this report is not a registered investment
expert.
Subscribers should not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specially selected 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 di|igence effort,inc|uding a review of a company's fi|ings
at sec gov or edgar-on|ine com when avai|ab|e, should be complete d
prior to investing. A|| factua| information in this report was gathered
from public sources,including but not limited to Company Websites and
Company Press Releases. The publisher disc|oses the receipt of Fifteen
thousand do|lars from a third party, not an officer, director, or
affi|iate shareholder ofthe company for the preparation of this on|ine
report. Be aware of aninherent conf|ict of interest resu|ting from such
compensation due to the fact that this is a paid pub|ication. The
pub|isher of this report believes this information to be reliab|e but
can make no assurance as to its accuracy or comp|eteness.
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