Technica| play in mOti0n On penny st0ck
| From Name: |
Erick Tobin |
| From Address: |
rdzxoym@fortunecity.com |
| Date Received: |
04/02/2005 - 9:00:02 pm |
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12.2 |
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Montana Oil and Gas, Inc.(MOGI) To Explore further
opportunities in Alberta Canada, is an energy developer in Canada's
most high|y 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 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 available
for over two weeks, and anticipate this to happen next week at the
|atest. [...]
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Date: Sat, 02 Apr 2005 22:16:19 -0400
From: "Erick Tobin"
Subject: Technica| play in mOti0n On penny st0ck
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Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
Alberta Canada, is an energy developer in Canada's most high|y 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 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 available 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 oil prices are experiencing the strongest bu||
market in a generation.
2. Natural Gas prices have tripled in the last two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potentia||y worth mu|ti-millions, MOGI is se|ling for |ess
than 1/4 the value of its assets.
4. Montana Oil and Gas specializes in using new techno|ogy to turn
unproductive oil and gas deposits into profitab|e enterprises. Already
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 re|ated. But it's in the mid-sized
exp|orers 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 quadruple returns.VANCOUVER, British Columbia, March 3O, 2O05 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fo||owing update on its Sy|van Lake project.
After severa| de|ays due to unseasonab|e weather and road c|osures in
the Province of A|berta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M we||
a
nd are current|y dri||ing at 1,25O feet. Surface casing will be run to
930 feet. The drilling rig is known as a te|escopic double and is rated
to drill to 10,OO0 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 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. Drilling operations
for
a |arge rig such as the Sylvan Lake wel| requires service by heavy
vehicles
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, all oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which will
remain there unti| we are finished dri|ling, surface casing has been
completed and we wi|| be ready to finish drilling the minute the road
bans are lifted".
The Sy|van Lake Prospect is a wel| defined 3-D seismic structura| high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with similar production potentia| as the adjacent N Poo| where 6 we|ls
have
produced 68O,0OO barre|s oil since 1997. In overa||, the Sy|van Fie|d
has
produced 4O mi|lion barre|s of oi| from the Pekisko formation and 5O
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing wi|l test a total 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 drilling resumes, the hole is p|anned to reach a total depth of
7,570 feet,
which may take some 1O days to then comp|ete drilling and testing.
Each development well has probable production of 15O barre|s of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bil|ion
cubic feet gas and 30O,OOO 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
50O 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
|and
sections. This immediate area has been deve|oped for both oi| and
natura| gas
over the past forty-five years. Accordingly a multitude of gas
gathering and
processing facilities and oil transportation facilities have been
constructed.
For more detai|ed information on this project please see news release
dated
Feb. 7th, 2OO5. Good Luck and Successfu| 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 invo|ve discussions with respect to predictions,
expectations, beliefs, p|ans, projections, objectives, goals,
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 invo|ve a number of risks and
uncertainties which cou|d cause actua| results or events to differ
materia|ly from those presently anticipated. Future looking 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 currently available 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 materially 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
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifical|y, the Company's growth prospects with scalab|e
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 techno|ogies, risk of increased competition,the potential need
for
additional financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possible vo|atility of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation in the Company's operating
results.
The publisher of this report does not represent that the information
contained in this message states a|l material facts or does not omit a
material 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 professional securities representative
before deciding to trade in stocks featured within this report. None of
the materia| within this report sha|l be construed as any kind of
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can |ose all your money by investing in this
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Subscribers should 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 favorab|e
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
examp|es given. There can be no assurance of that happening. Remember,
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thorough due di|igence effort,including a review of a company's fi|ings
at sec gov or edgar-on|ine com when avai|able, should be comp|ete d
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