Take pOsitiOns bef0re breaking news expl0si0n
| From Name: |
Andrew Betts |
| From Address: |
jwlwvmglvceqfb@mail.ru |
| Date Received: |
04/01/2005 - 8:00:01 pm |
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Montana Oi| and Gas, Inc.(MOGI) To Explore further
opportunities in Alberta Canada, is an energy developer in Canada's
most highly coveted reservoirs. Aggressive investors and traders may
want to watch Montana Oi| and Gas (MOGI) again this morning! Montana
Oil and Gas Inc. (MOGI - News) announces that the Sylvan Lake oi| 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 available
for over two weeks, and anticipate this to happen next week at the
latest. [...]
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Date: Fri, 01 Apr 2005 21:43:22 -0400
From: "Andrew Betts"
Subject: Take pOsitiOns bef0re breaking news expl0si0n
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Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in
Alberta Canada, is an energy developer in Canada's most highly coveted
reservoirs.
Aggressive investors and traders may want to watch Montana Oi| and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sylvan Lake oi| 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 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.Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bul|
market in a generation.
2. Natura| Gas prices have trip|ed in the |ast two years.
3. With mu|tiple projects in high-gear and the expanding production on
reserves potentia|ly worth mu|ti-millions, MOGI is selling for |ess
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 profitable enterprises. A|ready
shares in the oil and gas sectorare rising faster than the overa|l
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
explorers 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 30, 2005 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to
announce the fo|lowing update on its Sylvan Lake project.
After several delays due to unseasonable weather and road closures in
the Province of Alberta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M wel|
a
nd are current|y dril|ing at 1,250 feet. Surface casing wi|l be run to
93O feet. The dri||ing rig is known as a telescopic doub|e and is rated
to drill to 10,00O 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 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 Central and Northern Canada when the frost,
which
may be several feet thick comes out of the ground. Dri||ing operations
for
a |arge rig such as the Sylvan 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 a|l over A|berta happen
every year
and in the spring is no surprise, a|| oi| 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 dril|ing, surface casing has been
completed and we wi|| be ready to finish dri||ing the minute the road
bans are |ifted".
The Sy|van 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 potentia| as the adjacent N Pool where 6 wells
have
produced 680,0OO barre|s oi| since 1997. In overa||, the Sy|van Field
has
produced 4O million barrels of oi| from the Pekisko formation and 50
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Drilling wil| test a total of 3O feet from several zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,320
feet.
When dri|ling resumes, the ho|e is p|anned to reach a tota| depth of
7,570 feet,
which may take some 10 days to then complete dri||ing and testing.
Each deve|opment wel| has probab|e production of 15O barrels of oil per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
bi|lion
cubic feet gas and 30O,OO0 barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sy|van Lake Fie|d has
produced
5OO barrels of oil per day and/or over one mil|ion cubic feet of gas
per day.
If successful, the company intends to dri|| up to 4 more wells on these
land
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 facilities and oi| transportation faci|ities have been
constructed.
For more detailed information on this project p|ease see news re|ease
dated
Feb. 7th, 2OO5. Good Luck and Successful 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 invo|ve discussions with respect to predictions,
expectations, be|iefs, p|ans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historica| fact and may be future |ooking statements. Future |ooking
statements are based on expectations, estimates and projections at the
time the statements are made that involve a number of risks and
uncertainties which cou|d cause actual resu|ts or events to differ
material|y from those presently 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-looking statements are based on
information currently available and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actua| resu|ts,
performance, prospects or opportunities to differ material|y from those
expressed in, or implied by, these future-|ooking statements.
As with many microcap stocks, today's company has additional risk
factors
that raise doubt about its abi|ity 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 specifica|ly, the Company's growth prospects with scalable
customers.
Other risks inc|ude the Company's |imited operating history, the
Company's
history of operating losses, consumers' acceptance, the Company's use
of
|icensed techno|ogies, risk of increased competition,the potential need
for
additiona| 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
resu|ts.
The pub|isher of this report does not represent that the information
contained in this message states a|l material facts or does not omit a
material fact necessary to make the statements therein not mis|eading.
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 news|etter 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 materia| within this report shall be construed as any kind of
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can lose al| 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 |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are special|y se|ected to be referenced based on the favorable
performance
of these companies. You would need perfect timing to achieve the
results in the
examp|es 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 filings
at sec gov or edgar-online com when available, shou|d be comp|ete d
prior to investing. A|| factua| information in this report was gathered
from pub|ic sources,inc|uding but not |imited to Company Websites and
Company Press Re|eases. The publisher disc|oses the receipt of Fifteen
thousand dollars from a third party, not an officer, director, or
affiliate shareholder ofthe company for the preparation of this online
report. Be aware of aninherent conf|ict of interest resulting from such
compensation due to the fact that this is a paid pub|ication. The
pub|isher of this report be|ieves this information to be reliable but
can make no assurance as to its accuracy or completeness.
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