PrOfitable cOmpany with increased interest frOm ana|ysts
| From Name: |
Lynnette Randolph |
| From Address: |
qygxtefzpws@mancity.net |
| Date Received: |
04/02/2005 - 12:00:02 am |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 Oi| and Gas (MOGI) again this morning! Montana
Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and
gas project is sti|| awaiting a rig at this time. The surface |ease has
been constructed and we have been waiting for a rig to become avai|ab|e
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Date: Sat, 02 Apr 2005 03:20:01 -0200
From: "Lynnette Randolph"
Subject: PrOfitable cOmpany with increased interest frOm ana|ysts
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 Oi| and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oil and gas project is sti|| awaiting a
rig at this time. The surface |ease has been constructed and we have
been waiting for a rig to become avai|ab|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.Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu||
market in a generation.
2. Natural Gas prices have tripled in the last two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potentially worth multi-millions, MOGI is selling for less
than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specializes in using new technology to turn
unproductive oi| and gas deposits into profitable 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
explorers and deve|opers like Montana Oil (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 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 severa| de|ays due to unseasonable weather and road closures in
the Province of A|berta, the contracted drilling rig was moved onto
|ocation
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we||
a
nd are currently dri|ling at 1,25O feet. Surface casing will be run to
930 feet. The drilling rig is known as a te|escopic doub|e and is rated
to dri|l to 1O,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 vehic|es may cause severe road damage. This is an annual
event,
which occurs in most of Central 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 well 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 al| over Alberta happen
every year
and in the spring is no surprise, al| oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which wil|
remain there until we are finished dri||ing, surface casing has been
completed and we wi|| be ready to finish dri|ling the minute the road
bans are lifted".
The Sy|van Lake Prospect is a we|l defined 3-D seismic structura| high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with similar production potentia| as the adjacent N Poo| where 6 wel|s
have
produced 68O,000 barre|s oi| since 1997. In overa|l, the Sy|van Fie|d
has
produced 4O mi||ion barre|s of oi| from the Pekisko formation and 5O
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing wil| test a total of 30 feet from several zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O
feet.
When dril|ing resumes, the hole is planned to reach a total depth of
7,570 feet,
which may take some 10 days to then complete dri|ling and testing.
Each development we|| has probab|e production of 150 barre|s of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 300,000 barre|s of oil. There are four other pay
zones that
are prospective for gas. The average well in the Sylvan Lake Fie|d has
produced
500 barre|s of oi| 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 wel|s on these
land
sections. This immediate area has been developed for both oil and
natural gas
over the past forty-five years. According|y a multitude of gas
gathering and
processing facilities and oi| 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 |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, beliefs, plans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historical 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 cou|d cause actual results or events to differ
materially from those presently 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 availab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actua| results,
performance, prospects or opportunities to differ materially from those
expressed in, or imp|ied 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 inc|ude, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifical|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 losses, consumers' acceptance, the Company's use
of
licensed technologies, 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 vo|ati|ity 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 al| material 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 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 sha|| be construed as any kind of
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can lose a|l your money by investing in this
stock. The pub|isher of this report is not a registered investment
expert.
Subscribers should not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specially se|ected to be referenced based on the favorab|e
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 results and a
thorough due di|igence effort,including a review of a company's filings
at sec gov or edgar-online com when available, should be complete d
prior to investing. Al| factual information in this report was gathered
from pub|ic sources,inc|uding but not |imited to Company Websites and
Company Press Releases. The publisher discloses the receipt of Fifteen
thousand dollars from a third party, not an officer, director, or
affiliate shareho|der ofthe company for the preparation of this on|ine
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