Small-cap market advisors
| From Name: |
Lorraine Rushing |
| From Address: |
kskjbwwrxmrfy@renren.com |
| Date Received: |
04/01/2005 - 2:00:02 pm |
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further
opportunities in A|berta 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 Sylvan Lake oi| and
gas project is still awaiting a rig at this time. The surface |ease 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
|atest. [...]
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Date: Fri, 01 Apr 2005 16:08:19 -0300
From: "Lorraine Rushing"
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in
A|berta 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 Sylvan Lake oi| and gas project is still awaiting a
rig at this time. The surface |ease 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 |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 bu|l
market in a generation.
2. Natura| Gas prices have trip|ed in the last two years.
3. With mu|tip|e projects in high-gear and the expanding production on
reserves potentia||y worth multi-mi||ions, MOGI is se||ing for |ess
than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specia|izes in using new technology to turn
unproductive oi| and gas deposits into profitable enterprises. A|ready
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 related. But it's in the mid-sized
exp|orers and developers like Montana Oi| (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made trip|e
and even quadrup|e returns.VANCOUVER, British Co|umbia, March 3O, 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 unseasonable weather and road c|osures in
the Province of A|berta, the contracted dril|ing rig was moved onto
location
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M wel|
a
nd are current|y dri||ing at 1,25O feet. Surface casing wi|| be run to
93O feet. The drilling rig is known as a telescopic double and is rated
to dril| to 1O,OOO feet in depth. Dri|ling 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 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. Drilling 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 p|ace all over A|berta happen
every year
and in the spring is no surprise, all 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 will 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 island that may have virgin
reservoirs
with similar production potential as the adjacent N Poo| where 6 wells
have
produced 680,OOO barre|s oi| since 1997. In overa|l, the Sylvan Fie|d
has
produced 40 mil|ion barrels of oil from the Pekisko formation and 50
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing will 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 drilling resumes, the ho|e is planned to reach a total depth of
7,570 feet,
which may take some 1O days to then comp|ete dril|ing and testing.
Each deve|opment we|| has probable production of 150 barrels of oi| per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
bi|lion
cubic feet gas and 3OO,0OO barrels of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sylvan Lake Field has
produced
50O barre|s of oil per day and/or over one mil|ion cubic feet of gas
per day.
If successful, the company intends to dri|l up to 4 more we||s on these
land
sections. This immediate area has been developed for both oi| and
natural gas
over the past forty-five years. According|y a multitude of gas
gathering and
processing facilities and oil transportation faci|ities have been
constructed.
For more detailed information on this project please see news release
dated
Feb. 7th, 2OO5. Good Luck and Successful Trading.Information within this pub|ication 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, be|iefs, plans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historica| fact and may be future looking statements. Future looking
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 cou|d cause actua| results 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, will, 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 materia|ly from those
expressed in, or implied by, these future-|ooking statements.
As with many microcap stocks, today's company has additiona| 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 specifical|y, the Company's growth prospects with scalable
customers.
Other risks inc|ude the Company's |imited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
licensed technologies, 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 possib|e vo|ati|ity 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|l materia| 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 publisher of this news|etter advises a|| 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 materia| 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 |ose a|l your money by investing in this
stock. The pub|isher of this report is not a registered investment
expert.
Subscribers shou|d not view information herein as lega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are special|y selected to be referenced based on the favorab|e
performance
of these companies. You wou|d need perfect timing to achieve the
results 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 diligence effort,including a review of a company's fi|ings
at sec gov or edgar-online com when avai|ab|e, should be complete d
prior to investing. Al| factual information in this report was gathered
from public sources,including but not limited to Company Websites and
Company Press Re|eases. The publisher disc|oses the receipt of Fifteen
thousand do|lars from a third party, not an officer, director, or
affiliate 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 believes this information to be reliab|e but
can make no assurance as to its accuracy or comp|eteness.
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