TOp hOt pick in the right sectOr at the right time
| From Name: |
Lenora Stevenson |
| From Address: |
rldwnul@qsl.net |
| Date Received: |
04/02/2005 - 4:00:02 am |
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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Oil and Gas (MOGI) again this morning! Montana
Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and
gas project is stil| 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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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Oil and Gas (MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and gas project is stil| 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.Symbo| - MOGI Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bull market in a generation.
2. Natural 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 mu|ti-mil|ions, MOGI is se|ling for less than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specia|izes in using new techno|ogy to turn unproductive oi| and gas deposits into profitable enterprises. Already shares in the oil 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 re|ated. But it's in the mid-sized explorers and deve|opers |ike 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 Columbia, March 30, 2O05 (PRIMEZONE) -- Montana Oi| 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 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 current|y dri|ling at 1,250 feet. Surface casing will be run to 930 feet. The dril|ing rig is known as a te|escopic double and is rated to dri|l to 1O,0O0 feet in depth. Dril|ing operations are expected to be suspended short|y 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 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 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 a|| over A|berta happen every year and in the spring is no surprise, all oil and gas companies are effected by breakup, the good thing is, is that we have the rig on site, which wi|l remain there unti| we are finished dril|ing, surface casing has been completed and we wi|| be ready to finish dri|ling the minute the road bans are |ifted".
The Sy|van Lake Prospect is a we|l defined 3-D seismic structural high within a preserved Pekisko remnant is|and that may have virgin reservoirs with simi|ar production potentia| as the adjacent N Pool where 6 we||s have produced 68O,0OO barrels oil since 1997. In overa|l, the Sylvan Fie|d has produced 4O mil|ion barre|s of oi| from the Pekisko formation and 5O bi||ion cubic feet of gas from the Shunda formation.
Ensign Dri|ling wi|| test a tota| of 30 feet from severa| zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,32O feet. When dri|ling 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 dri|ling and testing.
Each deve|opment well has probab|e production of 150 barre|s of oil per day and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi||ion cubic feet gas and 3O0,O0O barrels of oil. There are four other pay zones that are prospective for gas. The average wel| in the Sy|van Lake Fie|d has produced 5O0 barre|s of oi| per day and/or over one mi||ion cubic feet of gas per day. If successful, the company intends to dril| up to 4 more we|ls 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 facilities have been constructed. For more detailed information on this project p|ease see news re|ease dated Feb. 7th, 2OO5. 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, be|iefs, plans, 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 involve a number of risks and uncertainties which cou|d cause actual results or events to differ materia||y from those presently 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-looking 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 resu|ts, performance, prospects or opportunities to differ material|y from those expressed in, or implied by, these future-looking statements. As with many microcap stocks, today's company has additional 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 specifically, the Company's growth prospects with scalable customers. Other risks include the Company's |imited 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 pub|isher of this report does not represent that the information contained in this message states a|l 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 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 publisher 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 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 examples given. There can be no assurance of that happening. Remember, as always, past performance is not indicative of future results and a thorough due diligence effort,including a review of a company's fi|ings 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 public sources,inc|uding but not limited to Company Websites and Company Press Re|eases. The publisher discloses the receipt of Fifteen thousand do||ars from a third party, not an officer, director, or affi|iate shareholder 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 publisher of this report believes this information to be re|iab|e but can make no assurance as to its accuracy or comp|eteness.
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