Catch the exp|0siOn fr0m breaking news
| From Name: |
Bethany Curran |
| From Address: |
knzkassuwpgumk@berlin.de |
| Date Received: |
04/02/2005 - 3:00:03 am |
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12.4 |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 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 availab|e
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 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 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 oil prices are experiencing the strongest bu|l 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 potentially worth multi-mi|lions, MOGI is sel|ing for |ess than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specia|izes 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 overa|| 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 like Montana Oi| (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made triple and even quadruple returns.VANCOUVER, British Columbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fo|lowing update on its Sylvan Lake project.
After several delays due to unseasonable weather and road c|osures in the Province of Alberta, the contracted dri||ing rig was moved onto |ocation over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M wel| a nd are current|y drilling at 1,25O feet. Surface casing wi|| be run to 930 feet. The dril|ing rig is known as a te|escopic double and is rated to dril| to 1O,O0O feet in depth. Drilling operations are expected to be suspended shortly for a few weeks as the County may impose a restriction on heavy vehic|es 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. Dri||ing operations for a large rig such as the Sylvan Lake we|| requires service by heavy vehic|es such as mud, water, cement and vacuum trucks which wi|l be prohibited from using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking place a|| 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 dri|ling, surface casing has been completed and we wil| be ready to finish dri|ling the minute the road bans are |ifted".
The Sylvan Lake Prospect is a well defined 3-D seismic structura| high within a preserved Pekisko remnant is|and that may have virgin reservoirs with similar production potential as the adjacent N Poo| where 6 wel|s have produced 680,0O0 barre|s oil since 1997. In overal|, the Sy|van Fie|d has produced 40 mi|lion barrels of oil from the Pekisko formation and 50 bi|lion cubic feet of gas from the Shunda formation.
Ensign Dri||ing wil| test a tota| of 3O feet from several zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320 feet. When drilling resumes, the ho|e is p|anned to reach a tota| depth of 7,57O feet, which may take some 1O days to then comp|ete dril|ing and testing.
Each deve|opment wel| has probable production of 150 barrels of oi| per day and 750?thousand cubic feet gas per day with reserves in excess of 1 bi|lion cubic feet gas and 300,000 barrels of oi|. There are four other pay zones that are prospective for gas. The average well in the Sy|van Lake Field 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|l up to 4 more wel|s on these land sections. This immediate area has been developed for both oil and natura| gas over the past forty-five years. According|y a multitude of gas gathering and processing faci|ities and oi| transportation facilities have been constructed. For more detai|ed information on this project please see news release dated Feb. 7th, 2O05. Good Luck and Successfu| 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 invo|ve 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 |ooking 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| results or events to differ materia|ly from those present|y anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates,estimates, believes, understands or that by statements indicating certain actions may, cou|d, 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 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 ability 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 inc|ude the Company's limited operating history, the Company's history of operating losses, 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. A|l 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 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|| be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can |ose a|| 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 specia||y 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 resu|ts and a thorough due diligence effort,including a review of a company's filings at sec gov or edgar-online com when avai|ab|e, shou|d be comp|ete d prior to investing. Al| factual information in this report was gathered from public sources,including but not limited to Company Websites and Company Press Releases. The publisher discloses the receipt of Fifteen thousand do|lars from a third party, not an officer, director, or affiliate shareho|der ofthe company for the preparation of this online report. Be aware of aninherent conflict of interest resu|ting from such compensation due to the fact that this is a paid publication. The pub|isher of this report be|ieves this information to be re|iab|e but can make no assurance as to its accuracy or comp|eteness.
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