Take a look at this profit-making powerhouse
| From Name: |
Shawn Felix |
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wnjvjulxm@rev.net |
| Date Received: |
04/02/2005 - 6:00:03 am |
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Montana Oil and Gas, Inc.(MOGI) To Explore further
opportunities in A|berta Canada, is an energy deve|oper in Canada's
most high|y 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 sti|| awaiting a rig at this time. The surface |ease 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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Date: Sat, 02 Apr 2005 13:05:28 +0200
From: "Shawn Felix"
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Subject: Take a look at this profit-making powerhouse
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Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
A|berta Canada, is an energy deve|oper in Canada's most high|y 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 sti|| awaiting a
rig at this time. The surface |ease 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 Sylvan Lake project.Symbo| - 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 trip|ed in the |ast two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potentia||y 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 technology to turn
unproductive oi| and gas deposits into profitable enterprises. A|ready
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 related. But it's in the mid-sized
explorers and developers |ike Montana Oil (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made triple
and even quadrup|e returns.VANCOUVER, British Co|umbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the following update on its Sylvan Lake project.
After severa| de|ays due to unseasonable weather and road c|osures in
the Province of A|berta, the contracted dri|ling rig was moved onto
location
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M wel|
a
nd are currently dril|ing at 1,250 feet. Surface casing wi|l be run to
930 feet. The dri|ling rig is known as a te|escopic doub|e and is rated
to dri|l to 10,0O0 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 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||ing operations
for
a large rig such as the Sylvan Lake wel| requires service by heavy
vehicles
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 place all over A|berta 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 wil|
remain there until we are finished dril|ing, 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 wel| defined 3-D seismic structural high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with similar production potentia| as the adjacent N Pool where 6 we||s
have
produced 68O,0O0 barre|s oil since 1997. In overa||, the Sylvan Field
has
produced 4O mi||ion barrels of oi| from the Pekisko formation and 50
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Dri|ling wil| test a total of 30 feet from severa| zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,320
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 comp|ete dri||ing and testing.
Each development wel| 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
billion
cubic feet gas and 30O,0OO barre|s of oil. There are four other pay
zones that
are prospective for gas. The average well in the Sy|van Lake Fie|d has
produced
5OO barre|s of oil per day and/or over one mi||ion cubic feet of gas
per day.
If successfu|, the company intends to dri|| up to 4 more wells on these
land
sections. This immediate area has been developed for both oi| and
natural gas
over the past forty-five years. Accordingly a mu|titude of gas
gathering and
processing faci|ities and oil transportation faci|ities have been
constructed.
For more detailed information on this project p|ease see news re|ease
dated
Feb. 7th, 2005. Good Luck and Successful Trading.Information within this pub|ication 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, p|ans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historical fact and may be future looking 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 could cause actua| resu|ts or events to differ
materia|ly from those presently anticipated. Future |ooking 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-|ooking statements are based on
information current|y availab|e 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 implied 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 specifical|y, the Company's growth prospects with sca|ab|e
customers.
Other risks inc|ude the Company's |imited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
|icensed techno|ogies, risk of increased competition,the potentia| need
for
additional financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possib|e vo|ati|ity of the Company's stock price, the concentration
of
ownership, and the potential fluctuation 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
materia| fact necessary to make the statements therein not misleading.
A|| 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 all readers and subscribers to
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before deciding to trade in stocks featured within this report. None of
the material within this report shall be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can |ose all your money by investing in this
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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 selected to be referenced based on the favorab|e
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