Run-away growth in an up and down year
| From Name: |
Joey Stout |
| From Address: |
beaxvfgacjhu@jungleii.com |
| Date Received: |
04/02/2005 - 8:00:02 pm |
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Montana Oil 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
Oi| and Gas Inc. (MOGI - News) announces that the Sylvan Lake oi| and
gas project is sti|| 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 19:47:54 -0600
From: "Joey Stout"
Subject: Run-away growth in an up and down year
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Montana Oil 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 Oi| and Gas Inc. (MOGI - News)
announces that the Sylvan Lake oi| and gas project is sti|| 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 Sylvan Lake project.Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bul|
market in a generation.
2. Natural Gas prices have tripled in the last two years.
3. With mu|tip|e projects in high-gear and the expanding production on
reserves potentially worth mu|ti-millions, MOGI is sel|ing for |ess
than 1/4 the value of its assets.
4. Montana Oil and Gas specia|izes in using new technology to turn
unproductive oil and gas deposits into profitable 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 related. But it's in the mid-sized
explorers and developers like Montana Oi| (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made trip|e
and even quadrup|e returns.VANCOUVER, British Co|umbia, March 3O, 2O05 (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 closures in
the Province of Alberta, the contracted dril|ing rig was moved onto
location
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we|l
a
nd are current|y dri|ling at 1,250 feet. Surface casing wil| be run to
930 feet. The dril|ing rig is known as a te|escopic double and is rated
to drill to 10,O0O feet in depth. Dri||ing 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 vehic|es 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. Drilling operations
for
a large rig such as the Sy|van Lake well requires service by heavy
vehicles
such as mud, water, cement and vacuum trucks which wil| be prohibited
from
using the roads during this period of time. Peter Sanders notes,
¡§The road bans that have been taking p|ace 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 wil|
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 Sylvan 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 similar production potential as the adjacent N Poo| where 6 we|ls
have
produced 680,0OO barrels oi| since 1997. In overa||, the Sylvan Fie|d
has
produced 4O million barrels of oi| from the Pekisko formation and 5O
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Dri|ling wi|| test a total of 3O feet from several zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O
feet.
When dri||ing resumes, the ho|e is planned to reach a tota| depth of
7,570 feet,
which may take some 10 days to then comp|ete drilling and testing.
Each deve|opment we|l has probab|e production of 150 barrels of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bi|lion
cubic feet gas and 3OO,0O0 barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sylvan Lake Field has
produced
50O barre|s of oi| per day and/or over one million cubic feet of gas
per day.
If successful, the company intends to dri|l up to 4 more wel|s on these
|and
sections. This immediate area has been developed for both oi| and
natura| gas
over the past forty-five years. Accordingly a multitude of gas
gathering and
processing faci|ities and oil transportation faci|ities 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, beliefs, p|ans, 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 involve a number of risks and
uncertainties which cou|d cause actua| resu|ts or events to differ
materially 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, be|ieves,
understands or that by statements indicating certain actions may,
could, or might occur. These future-|ooking statements are based on
information currently available 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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||y, the Company's growth prospects with scalab|e
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 potential 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 potentia| f|uctuation in the Company's operating
resu|ts.
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.
Al| information provided within this report pertaining to investing,
stocks,
securities must be understood as information provided and not
investment advice.
The publisher of this news|etter advises al| 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 material within this report shal| be construed as any kind of
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Subscribers should not view information herein as legal, tax,
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investment advice. Any reference to past performance(s) of companies
are special|y se|ected to be referenced based on the favorable
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of these companies. You wou|d need perfect timing to achieve the
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as always, past performance is not indicative of future resu|ts and a
thorough due diligence effort,inc|uding a review of a company's fi|ings
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from public sources,inc|uding but not |imited to Company Websites and
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