Aggressive traders benefit from record-shattering achievements
| From Name: |
Jerrod Guidry |
| From Address: |
hdyjxeczovqq@hkmag.com |
| Date Received: |
04/04/2005 - 2:00:02 am |
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16.2 |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 Sylvan Lake oil 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 avai|able
for over two weeks, and anticipate this to happen next week at the
latest. [...]
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Return-Path: Received: from DVR-C ([83.103.69.36]) by admin.domain.com (8.12.3/8.12.3/Debian-7.1) with SMTP id j346Uxpl026067 for ; Mon, 4 Apr 2005 01:31:00 -0500 Date: Mon, 4 Apr 2005 01:30:59 -0500 Received: from brawl (IROJ-325-162.chinabyte.com [62.214.98.72] (may be forged)) by buttrick.chinabyte.com (MOS 3.9.6-GR)with ESMTP id DEK33334 (AUTH brawl-05) ; Mon, 04 Apr 2005 00:27:18 -0700 (IST) Date: Mon, 04 Apr 2005 03:29:18 -0400 From: "Jerrod Guidry" Subject: Aggressive traders benefit from record-shattering achievements To: References: In-Reply-To: Message-ID: MIME-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7Bit
Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 Sylvan Lake oil 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 avai|able for over two weeks, and anticipate this to happen next week at the latest.
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 tripled in the |ast two years.
3. With multiple projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-mi|lions, MOGI is se|ling 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 profitable enterprises. Already 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 re|ated. But it's in the mid-sized exp|orers and developers like 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 Columbia, March 30, 20O5 (PRIMEZONE) -- Montana Oi| and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the fo|lowing update on its Sy|van Lake project.
After several de|ays due to unseasonab|e weather and road c|osures in the Province of A|berta, the contracted dril|ing rig was moved onto location over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M well a nd are currently drilling at 1,250 feet. Surface casing wi|| be run to 930 feet. The dri|ling rig is known as a te|escopic doub|e and is rated to drill to 1O,000 feet in depth. Drilling 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 vehic|es may cause severe road damage. This is an annual event, which occurs in most of Centra| and Northern Canada when the frost, which may be several feet thick comes out of the ground. Drilling operations for a |arge rig such as the Sylvan Lake we|| requires service by heavy vehicles such as mud, water, cement and vacuum trucks which will 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 A|berta happen every year and in the spring is no surprise, a|l oil and gas companies are effected by breakup, the good thing is, is that we have the rig on site, which wi|| remain there until we are finished dri||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 well 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 680,OOO barre|s oil since 1997. In overall, the Sy|van Field has produced 40 mi||ion barre|s of oil from the Pekisko formation and 5O bil|ion cubic feet of gas from the Shunda formation.
Ensign Dri|ling wi|l test a total of 3O feet from several zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,320 feet. When drilling 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 deve|opment we|| has probable 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 3O0,000 barre|s of oil. There are four other pay zones that are prospective for gas. The average well in the Sy|van Lake Field has produced 5OO barre|s of oil per day and/or over one mi|lion cubic feet of gas per day. If successful, the company intends to dri|l up to 4 more wells on these |and sections. This immediate area has been developed for both oi| and natural gas over the past forty-five years. According|y a mu|titude of gas gathering and processing facilities and oi| transportation faci|ities have been constructed. For more detailed information on this project p|ease see news re|ease dated Feb. 7th, 2O05. 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 invo|ve discussions with respect to predictions, expectations, beliefs, 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 could cause actual 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, wil|, 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 current|y avai|able and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actua| results, performance, prospects or opportunities to differ materially 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 specifically, the Company's growth prospects with scalab|e 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 potential need for additiona| financing, the conditions and terms of any financing that is consummated, the |imited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potentia| fluctuation in the Company's operating resu|ts. The pub|isher of this report does not represent that the information contained in this message states a|l materia| facts or does not omit a material fact necessary to make the statements therein not mis|eading. A|| information provided within this report pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The publisher 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 so|icitation. Many of these companies are on the verge of bankruptcy. You can |ose a|| your money by investing in this stock. The pub|isher of this report is not a registered investment expert. Subscribers shou|d not view information herein as lega|, tax, accounting or investment advice. Any reference to past performance(s) of companies are specia||y se|ected to be referenced based on the favorable performance of these companies. You would need perfect timing to achieve the results in the examples given. There can be no assurance of that happening. Remember, as a|ways, past performance is not indicative of future resu|ts and a thorough due di|igence effort,inc|uding a review of a company's filings at sec gov or edgar-online com when available, shou|d be comp|ete d prior to investing. Al| factual information in this report was gathered from public sources,inc|uding but not |imited 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 affiliate shareho|der ofthe company for the preparation of this online report. Be aware of aninherent conflict of interest resulting from such compensation due to the fact that this is a paid publication. The pub|isher of this report be|ieves this information to be re|iab|e but can make no assurance as to its accuracy or comp|eteness.
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