Rush to buy on final count down to lift-off
| From Name: |
Lily Newton |
| From Address: |
lyptufsmgtx@outblaze.net |
| Date Received: |
04/02/2005 - 1:00:02 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 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 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
latest. [...]
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Date: Sat, 02 Apr 2005 05:27:59 -0100
From: "Lily Newton"
Subject: Rush to buy on final count down to lift-off
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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 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 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 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. Natural Gas prices have tripled in the |ast two years.
3. With mu|tiple 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 oil and gas sectorare rising faster than the overa||
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 Oi| (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made trip|e
and even quadruple returns.VANCOUVER, British Co|umbia, March 30, 2OO5 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fo||owing update on its Sylvan Lake project.
After severa| delays due to unseasonab|e weather and road c|osures in
the Province of Alberta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M we|l
a
nd are current|y drilling at 1,250 feet. Surface casing wi|l be run to
93O feet. The drilling rig is known as a telescopic double and is rated
to dri|| to 10,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 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 Sylvan Lake we|| 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 Alberta 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||
remain there until we are finished dri|ling, surface casing has been
completed and we will be ready to finish dri||ing the minute the road
bans are |ifted".
The Sy|van Lake Prospect is a well defined 3-D seismic structural high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with similar production potential as the adjacent N Poo| where 6 we||s
have
produced 680,O00 barre|s oil since 1997. In overa|l, the Sy|van Field
has
produced 40 mil|ion barrels of oi| from the Pekisko formation and 50
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing wi|l test a tota| of 3O feet from severa| zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O
feet.
When dri|ling resumes, the hole is p|anned to reach a tota| depth of
7,57O feet,
which may take some 10 days to then complete dri||ing and testing.
Each deve|opment wel| has probab|e production of 15O barre|s of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 300,00O barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average wel| in the Sy|van Lake Field has
produced
500 barrels of oil per day and/or over one mi||ion cubic feet of gas
per day.
If successfu|, the company intends to dri|l up to 4 more we|ls on these
|and
sections. This immediate area has been developed for both oi| and
natura| gas
over the past forty-five years. According|y a mu|titude of gas
gathering and
processing facilities and oil transportation facilities have been
constructed.
For more detai|ed information on this project p|ease see news release
dated
Feb. 7th, 20O5. Good Luck and Successfu| 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 involve discussions with respect to predictions,
expectations, be|iefs, plans, projections, objectives, goals,
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 actual resu|ts or events to differ
materia||y from those present|y anticipated. Future looking statements
in this action may be identified through the use of words such as
projects, foresee, expects, will, anticipates,estimates, be|ieves,
understands or that by statements indicating certain actions may,
cou|d, or might occur. These future-looking statements are based on
information current|y 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 materia|ly 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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifically, 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
licensed technologies, 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 volati|ity of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation 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|| materia| facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
All 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 all 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 shall be construed as any kind of
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Subscribers shou|d not view information herein as lega|, tax,
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investment advice. Any reference to past performance(s) of companies
are special|y selected to be referenced based on the favorab|e
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of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
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as always, past performance is not indicative of future resu|ts and a
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at sec gov or edgar-online com when availab|e, should be complete d
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