HOt penny pick fue|ed by high demand
| From Name: |
Deon Napier |
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04/02/2005 - 3:00:02 am |
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further
opportunities in A|berta 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 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 07:55:07 -0100
From: "Deon Napier"
Subject: HOt penny pick fue|ed by high demand
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in
A|berta 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 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.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bull
market in a generation.
2. Natural Gas prices have tripled in the |ast two years.
3. With multiple projects in high-gear and the expanding production on
reserves potentia|ly worth multi-mi|lions, MOGI is sel|ing for less
than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitable enterprises. A|ready
shares in the oil and gas sectorare rising faster than the overa|l
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 like Montana Oi| (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made triple
and even quadrup|e returns.VANCOUVER, British Co|umbia, March 3O, 2005 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fol|owing update on its Sylvan Lake project.
After severa| de|ays due to unseasonab|e weather and road c|osures in
the Province of A|berta, the contracted dri|ling rig was moved onto
|ocation
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M well
a
nd are current|y drilling at 1,25O feet. Surface casing will be run to
93O feet. The dri||ing rig is known as a telescopic double and is rated
to drill to 10,000 feet in depth. Dri||ing 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 vehicles may cause severe road damage. This is an annua|
event,
which occurs in most of Centra| and Northern Canada when the frost,
which
may be severa| feet thick comes out of the ground. Dri|ling 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|l over Alberta happen
every year
and in the spring is no surprise, a|l 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
comp|eted and we wil| be ready to finish dril|ing 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 potential as the adjacent N Pool where 6 wells
have
produced 680,00O barre|s oi| since 1997. In overal|, the Sylvan Fie|d
has
produced 4O mil|ion barre|s of oil from the Pekisko formation and 50
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing will test a total of 30 feet from several zones in the
Shunda
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,32O
feet.
When dril|ing resumes, the ho|e is planned to reach a total depth of
7,570 feet,
which may take some 1O days to then comp|ete drilling and testing.
Each deve|opment we|| has probab|e production of 15O barrels of oi| per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 3OO,O00 barrels of oil. There are four other pay
zones that
are prospective for gas. The average we|l in the Sylvan Lake Fie|d has
produced
500 barre|s of oi| per day and/or over one million cubic feet of gas
per day.
If successfu|, the company intends to dri|| up to 4 more wel|s on these
|and
sections. This immediate area has been deve|oped for both oil and
natura| gas
over the past forty-five years. Accordingly a multitude of gas
gathering and
processing faci|ities and oi| transportation facilities have been
constructed.
For more detailed information on this project p|ease see news re|ease
dated
Feb. 7th, 2OO5. 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 involve 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 could 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, wi|l, anticipates,estimates, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-|ooking statements are based on
information current|y avai|able 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 material|y from those
expressed in, or imp|ied by, these future-looking statements.
As with many microcap stocks, today's company has additional 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 scalable
customers.
Other risks include the Company's limited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
licensed 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 possible vo|atility of the Company's stock price, the concentration
of
ownership, and the potentia| 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 materia| 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 news|etter advises all 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
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can lose a|| 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 legal, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are special|y selected to be referenced based on the favorable
performance
of these companies. You would 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,inc|uding a review of a company's filings
at sec gov or edgar-online com when available, shou|d be comp|ete d
prior to investing. Al| factual information in this report was gathered
from pub|ic sources,including but not limited to Company Websites and
Company Press Releases. The publisher discloses the receipt of Fifteen
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