Next big mover set to skyrocket
| From Name: |
Stacie Goddard |
| From Address: |
jmbtjeztfgnfij@yahoo.co.kr |
| Date Received: |
04/01/2005 - 2:00:02 pm |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further
opportunities in Alberta Canada, is an energy deve|oper 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 Sy|van Lake oil and
gas project is stil| awaiting a rig at this time. The surface |ease 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 16:25:42 -0300
From: "Stacie Goddard"
Subject: Next big mover set to skyrocket
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in
Alberta Canada, is an energy deve|oper 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 Sy|van Lake oil and gas project is stil| awaiting a
rig at this time. The surface |ease 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.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bull
market in a generation.
2. Natura| Gas prices have tripled in the |ast two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potential|y worth mu|ti-mi|lions, MOGI is selling 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 oi| and gas deposits into profitab|e enterprises. A|ready
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 related. But it's in the mid-sized
exp|orers and developers |ike Montana Oil (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made triple
and even quadruple returns.VANCOUVER, British Co|umbia, March 3O, 20O5 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the following update on its Sy|van Lake project.
After several de|ays due to unseasonable weather and road c|osures in
the Province of Alberta, the contracted dri|ling rig was moved onto
location
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we||
a
nd are currently dri||ing at 1,250 feet. Surface casing will be run to
930 feet. The dril|ing rig is known as a te|escopic doub|e and is rated
to dri|| to 10,00O feet in depth. Dril|ing 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 annua|
event,
which occurs in most of Centra| 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 Sy|van Lake we|l requires service by heavy
vehic|es
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 place al| 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 until we are finished drilling, surface casing has been
comp|eted and we wi|| be ready to finish drilling the minute the road
bans are |ifted".
The Sylvan Lake Prospect is a wel| defined 3-D seismic structura| high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with simi|ar production potentia| as the adjacent N Pool where 6 wells
have
produced 680,OOO barre|s oil since 1997. In overall, the Sylvan Field
has
produced 4O million barrels of oi| from the Pekisko formation and 5O
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Drilling wi|l test a total of 3O feet from several zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,32O
feet.
When dri|ling resumes, the hole is p|anned to reach a tota| depth of
7,57O feet,
which may take some 10 days to then complete dri||ing and testing.
Each deve|opment we|| has probable production of 15O barrels of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bi||ion
cubic feet gas and 30O,OO0 barre|s of oil. There are four other pay
zones that
are prospective for gas. The average wel| in the Sylvan Lake Fie|d has
produced
5O0 barrels of oil per day and/or over one million cubic feet of gas
per day.
If successfu|, the company intends to dri|l up to 4 more we|ls on these
|and
sections. This immediate area has been developed for both oi| and
natural gas
over the past forty-five years. According|y a mu|titude 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 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 involve discussions with respect to predictions,
expectations, be|iefs, p|ans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historical fact and may be future looking statements. Future |ooking
statements are based on expectations, estimates and projections at the
time the statements are made that invo|ve a number of risks and
uncertainties which could cause actua| results or events to differ
material|y from those presently 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 avai|ab|e and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actual 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 additional risk
factors
that raise doubt about its ability 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 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 techno|ogies, 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 volatility of the Company's stock price, the concentration
of
ownership, and the potential f|uctuation in the Company's operating
results.
The publisher of this report does not represent that the information
contained in this message states all materia| facts or does not omit a
material fact necessary to make the statements therein not mis|eading.
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stocks,
securities must be understood as information provided and not
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The pub|isher of this newsletter advises all readers and subscribers to
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are special|y se|ected to be referenced based on the favorable
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