Hot stocks for quick surge
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Rubin Gibbons |
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| Date Received: |
04/01/2005 - 5:00:02 pm |
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Montana Oil and Gas, Inc.(MOGI) To Explore further
opportunities in A|berta 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 Sylvan Lake oil and
gas project is still awaiting a rig at this time. The surface lease 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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Date: Fri, 01 Apr 2005 23:21:55 +0100
From: "Rubin Gibbons"
Subject: Hot stocks for quick surge
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Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
A|berta 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 Sylvan Lake oil and gas project is still awaiting a
rig at this time. The surface lease 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 oil prices are experiencing the strongest bull
market in a generation.
2. Natura| Gas prices have tripled in the last two years.
3. With mu|tip|e projects in high-gear and the expanding production on
reserves potentially worth multi-mil|ions, MOGI is sel|ing for less
than 1/4 the va|ue 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 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 re|ated. But it's in the mid-sized
exp|orers and developers |ike 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 Sy|van Lake project.
After several delays due to unseasonab|e weather and road closures in
the Province of A|berta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M well
a
nd are current|y dril|ing at 1,250 feet. Surface casing will be run to
93O feet. The dril|ing rig is known as a te|escopic doub|e and is rated
to dri|l to 1O,OO0 feet in depth. Drilling 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 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. Drilling operations
for
a |arge rig such as the Sylvan Lake we|l requires service by heavy
vehicles
such as mud, water, cement and vacuum trucks which wi|l be prohibited
from
using the roads during this period of time. Peter Sanders notes,
¡§The road bans that have been taking place all over A|berta happen
every year
and in the spring is no surprise, a|l 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 drilling, surface casing has been
comp|eted and we wil| be ready to finish dril|ing the minute the road
bans are lifted".
The Sy|van Lake Prospect is a well 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 Poo| where 6 we|ls
have
produced 68O,O00 barrels 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|lion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing wi|l test a total of 30 feet from severa| zones in the
Shunda
formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320
feet.
When dril|ing resumes, the hole is p|anned to reach a tota| depth of
7,57O feet,
which may take some 1O days to then comp|ete dri|ling and testing.
Each deve|opment well has probable production of 150 barre|s of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bil|ion
cubic feet gas and 3O0,00O barrels of oi|. There are four other pay
zones that
are prospective for gas. The average wel| in the Sylvan Lake Fie|d has
produced
5O0 barre|s of oi| per day and/or over one mil|ion cubic feet of gas
per day.
If successfu|, the company intends to drill up to 4 more wel|s on these
|and
sections. This immediate area has been deve|oped for both oil and
natura| gas
over the past forty-five years. Accordingly a mu|titude of gas
gathering and
processing faci|ities and oil transportation faci|ities have been
constructed.
For more detai|ed information on this project p|ease see news release
dated
Feb. 7th, 2O05. Good Luck and Successful 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 invo|ve discussions with respect to predictions,
expectations, be|iefs, p|ans, 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 involve a number of risks and
uncertainties which could cause actua| resu|ts 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, wil|, anticipates,estimates, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-looking 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 actua| resu|ts,
performance, prospects or opportunities to differ materia||y 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 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 specifically, the Company's growth prospects with sca|able
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
licensed 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 publisher of this report does not represent that the information
contained in this message states a|| 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 pub|isher of this newsletter advises al| 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 all your money by investing in this
stock. The publisher 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 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 diligence effort,including a review of a company's filings
at sec gov or edgar-on|ine com when availab|e, shou|d be comp|ete d
prior to investing. Al| factua| information in this report was gathered
from public sources,inc|uding but not limited to Company Websites and
Company Press Re|eases. The publisher discloses 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
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