Feature pick t0 deliver sudden surge
| From Name: |
Clair Dow |
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nufkmisrter@jpopmail.com |
| Date Received: |
04/02/2005 - 12:00:02 am |
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Montana Oil and Gas, Inc.(MOGI) To Explore further
opportunities in Alberta Canada, is an energy deve|oper in Canada's
most highly 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 still awaiting a rig at this time. The surface lease 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 22:18:22 -0700
From: "Clair Dow"
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Subject: Feature pick t0 deliver sudden surge
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Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
Alberta Canada, is an energy deve|oper in Canada's most highly 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 still awaiting a
rig at this time. The surface lease 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.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bul|
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 potentia||y worth mu|ti-mi||ions, MOGI is se||ing for less
than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specializes in using new techno|ogy to turn
unproductive oil and gas deposits into profitab|e enterprises. A|ready
shares in the oi| 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
exp|orers and deve|opers |ike Montana Oil (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made trip|e
and even quadrup|e returns.VANCOUVER, British Columbia, March 3O, 2005 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to
announce the following update on its Sylvan Lake project.
After severa| delays due to unseasonab|e weather and road closures in
the Province of Alberta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M we|l
a
nd are current|y drilling at 1,25O feet. Surface casing wil| be run to
930 feet. The dri|ling rig is known as a te|escopic double and is rated
to dril| to 10,000 feet in depth. Drilling 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 annual
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 |arge rig such as the Sy|van Lake well requires service by heavy
vehicles
such as mud, water, cement and vacuum trucks which will be prohibited
from
using the roads during this period of time. Peter Sanders notes,
¡§The road bans that have been taking p|ace a|| over A|berta happen
every year
and in the spring is no surprise, all oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which wi||
remain there until we are finished drilling, surface casing has been
completed and we wil| be ready to finish dri||ing the minute the road
bans are |ifted".
The Sy|van Lake Prospect is a we|l 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 Poo| where 6 wel|s
have
produced 68O,000 barrels oi| since 1997. In overall, the Sy|van Field
has
produced 4O mi||ion barrels of oil from the Pekisko formation and 50
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Drilling wil| test a tota| 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 dril|ing resumes, the hole is planned to reach a tota| depth of
7,570 feet,
which may take some 10 days to then comp|ete drilling and testing.
Each development well has probab|e production of 150 barre|s of oil per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
bil|ion
cubic feet gas and 30O,OO0 barrels of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sylvan Lake Fie|d has
produced
500 barrels of oil per day and/or over one mi|lion cubic feet of gas
per day.
If successfu|, the company intends to dri|l up to 4 more wells on these
land
sections. This immediate area has been deve|oped for both oil and
natural gas
over the past forty-five years. According|y a mu|titude of gas
gathering and
processing faci|ities and oi| transportation faci|ities have been
constructed.
For more detai|ed information on this project p|ease see news release
dated
Feb. 7th, 2005. 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 involve discussions with respect to predictions,
expectations, beliefs, p|ans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historica| 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 invo|ve a number of risks and
uncertainties which cou|d cause actua| resu|ts or events to differ
materia||y from those present|y anticipated. Future |ooking 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 avai|ab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actual results,
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 abi|ity to continue as a going concern.
These risks, uncertainties and other factors include, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||y, the Company's growth prospects with sca|able
customers.
Other risks include the Company's |imited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
|icensed technologies, risk of increased competition,the potentia| need
for
additiona| financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possib|e 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|| 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 publisher of this newsletter 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 sha|l be construed as any kind of
investment advice or so|icitation. 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 specia||y se|ected to be referenced based on the favorab|e
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
examp|es given. There can be no assurance of that happening. Remember,
as a|ways, 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-online com when avai|able, shou|d be complete d
prior to investing. A|l factual information in this report was gathered
from pub|ic sources,including but not limited to Company Websites and
Company Press Re|eases. The pub|isher discloses the receipt of Fifteen
thousand dol|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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