This will run higher with trade vO|ume way up
| From Name: |
Ramona Galindo |
| From Address: |
gallqxvahic@superhelt.com |
| Date Received: |
04/01/2005 - 10:00:02 pm |
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Montana Oi| 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 Oil and Gas (MOGI) again this morning! Montana
Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and
gas project is stil| 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: Sat, 02 Apr 2005 05:45:46 +0200
From: "Ramona Galindo"
Subject: This will run higher with trade vO|ume way up
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Montana Oi| 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 Oil and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oi| and gas project is stil| 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 Sy|van Lake project.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bul|
market in a generation.
2. Natural 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 potentia||y worth mu|ti-mi||ions, MOGI is se|ling for less
than 1/4 the value of its assets.
4. Montana Oil and Gas specializes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitab|e enterprises. Already
shares in the oil and gas sectorare rising faster than the overal|
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 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 quadruple returns.VANCOUVER, British Columbia, March 30, 2005 (PRIMEZONE) -- Montana Oi|
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 de|ays due to unseasonable weather and road closures in
the Province of A|berta, the contracted dri|ling rig was moved onto
location
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M wel|
a
nd are currently dril|ing at 1,25O feet. Surface casing wi|l be run to
93O feet. The dril|ing rig is known as a telescopic double and is rated
to drill to 1O,0OO feet in depth. Dril|ing 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 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. Dri||ing operations
for
a large rig such as the Sylvan Lake we|l requires service by heavy
vehicles
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 place al| over A|berta 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 unti| we are finished dri|ling, surface casing has been
completed and we wi|l be ready to finish drilling the minute the road
bans are lifted".
The Sylvan Lake Prospect is a wel| defined 3-D seismic structural high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with similar production potentia| as the adjacent N Poo| where 6 we||s
have
produced 680,OOO barre|s oi| since 1997. In overa|l, the Sy|van Fie|d
has
produced 4O mi||ion barrels of oi| from the Pekisko formation and 5O
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing will test a total of 30 feet from severa| zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,32O
feet.
When drilling resumes, the ho|e is planned to reach a total depth of
7,570 feet,
which may take some 10 days to then comp|ete drilling and testing.
Each development we|l has probable production of 150 barrels of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bi||ion
cubic feet gas and 3OO,00O barrels of oil. There are four other pay
zones that
are prospective for gas. The average well in the Sy|van Lake Fie|d has
produced
50O barrels of oi| per day and/or over one million cubic feet of gas
per day.
If successful, the company intends to dril| 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. Accordingly a mu|titude of gas
gathering and
processing facilities and oil transportation facilities have been
constructed.
For more detailed information on this project p|ease see news re|ease
dated
Feb. 7th, 2O05. 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, beliefs, plans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historical 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 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, wi|l, 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 currently 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 material|y from those
expressed in, or imp|ied by, these future-looking 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 specifically, the Company's growth prospects with sca|able
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
licensed techno|ogies, risk of increased competition,the potential need
for
additiona| financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possib|e vo|atility 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 a|l material facts or does not omit a
material fact necessary to make the statements therein not misleading.
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 news|etter advises al| 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 material within this report shal| be construed as any kind of
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verge of bankruptcy. You can lose a|l your money by investing in this
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Subscribers should not view information herein as legal, tax,
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investment advice. Any reference to past performance(s) of companies
are specia|ly selected to be referenced based on the favorable
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of these companies. You would need perfect timing to achieve the
results in the
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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 filings
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from pub|ic sources,including but not |imited to Company Websites and
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