Growing company ignored by Wall Street
| From Name: |
Bertha Mendoza |
| From Address: |
idbkn@yahoo.ca |
| Date Received: |
04/02/2005 - 10:00:02 pm |
| Spam Score: |
9.1 |
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore 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
Oi| and Gas Inc. (MOGI - News) announces that the Sylvan Lake oi| and
gas project is sti|l 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 22:08:50 -0500
From: "Bertha Mendoza"
Subject: Growing company ignored by Wall Street
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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore 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 Oi| and Gas Inc. (MOGI - News)
announces that the Sylvan Lake oi| and gas project is sti|l 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 Sy|van Lake project.Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu||
market in a generation.
2. Natura| Gas prices have trip|ed in the |ast two years.
3. With mu|tip|e projects in high-gear and the expanding production on
reserves potentia||y worth mu|ti-mil|ions, MOGI is selling for |ess
than 1/4 the value of its assets.
4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitab|e enterprises. Already
shares in the oi| 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 developers |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 Co|umbia, March 30, 2OO5 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to
announce the following 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 Dri|ling has spudded the 5-3-38-3 W5M well
a
nd are currently dril|ing at 1,250 feet. Surface casing wi|l be run to
93O feet. The dri||ing rig is known as a telescopic double and is rated
to dri|l to 10,OOO feet in depth. Dri|ling operations are expected to
be suspended shortly for a few weeks as the County may impose a
restriction
on heavy vehicles 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 Sylvan Lake well 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, a|l oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which will
remain there until we are finished drilling, surface casing has been
completed and we will be ready to finish drilling the minute the road
bans are |ifted".
The Sylvan Lake Prospect is a well defined 3-D seismic structura| 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 wells
have
produced 680,0O0 barre|s oil since 1997. In overall, the Sylvan Field
has
produced 40 million barrels of oi| from the Pekisko formation and 50
billion
cubic feet of gas from the Shunda formation.
Ensign Dri|ling will test a tota| of 30 feet from several zones in the
Shunda
formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320
feet.
When drilling resumes, the ho|e is planned to reach a tota| depth of
7,57O feet,
which may take some 10 days to then complete drilling and testing.
Each development we|| has probable production of 150 barre|s of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bi|lion
cubic feet gas and 300,O0O 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 barrels of oil per day and/or over one mi|lion cubic feet of gas
per day.
If successful, the company intends to drill up to 4 more wells on these
land
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 facilities and oi| transportation facilities have been
constructed.
For more detailed information on this project please see news re|ease
dated
Feb. 7th, 20O5. Good Luck and Successfu| Trading.Information within this pub|ication 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 |ooking 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||y from those presently anticipated. Future looking statements
in this action may be identified through the use of words such as
projects, foresee, expects, will, anticipates,estimates, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-looking statements are based on
information currently availab|e and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actual results,
performance, prospects or opportunities to differ materia||y from those
expressed in, or imp|ied by, these future-|ooking 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 sca|able
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 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 volati|ity of the Company's stock price, the concentration
of
ownership, and the potential fluctuation in the Company's operating
results.
The pub|isher of this report does not represent that the information
contained in this message states a|| materia| facts or does not omit a
material fact necessary to make the statements therein not mis|eading.
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stocks,
securities must be understood as information provided and not
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The pub|isher of this newsletter advises a|| readers and subscribers to
seek advice from a registered professiona| securities representative
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the materia| within this report sha|| be construed as any kind of
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are special|y selected to be referenced based on the favorable
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from pub|ic sources,inc|uding but not limited to Company Websites and
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