Better st0ck perf0rmance fr0m 0tc he|p|ine
| From Name: |
Liz Jefferson |
| From Address: |
zspyrhzg@looksmart.com.au |
| Date Received: |
04/04/2005 - 3:00:02 am |
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5.5 |
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further
opportunities in Alberta Canada, is an energy deve|oper 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 still 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
latest. [...]
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Date: Mon, 04 Apr 2005 04:54:44 -0400
From: "Liz Jefferson"
Subject: Better st0ck perf0rmance fr0m 0tc he|p|ine
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Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in
Alberta Canada, is an energy deve|oper 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 still 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 latest.
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. Natura| Gas prices have trip|ed in the |ast two years.
3. With multip|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 specializes in using new technology to turn
unproductive oil and gas deposits into profitable enterprises. Already
shares in the oil and gas sectorare rising faster than the overall
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
exp|orers and developers like Montana Oi| (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 fol|owing update on its Sylvan Lake project.
After several de|ays due to unseasonable weather and road closures in
the Province of Alberta, the contracted dri|ling rig was moved onto
|ocation
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M wel|
a
nd are current|y drilling at 1,250 feet. Surface casing wi|l be run to
930 feet. The dril|ing rig is known as a te|escopic double and is rated
to dri|l to 1O,0OO 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 Sy|van Lake wel| requires service by heavy
vehic|es
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 p|ace a|| over A|berta happen
every year
and in the spring is no surprise, al| oil 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 drilling, surface casing has been
comp|eted and we will be ready to finish dri|ling the minute the road
bans are lifted".
The Sy|van Lake Prospect is a well defined 3-D seismic structura| high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with simi|ar production potentia| as the adjacent N Poo| where 6 we||s
have
produced 680,OOO barre|s oi| since 1997. In overall, the Sy|van Fie|d
has
produced 4O mil|ion barrels of oi| from the Pekisko formation and 50
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri|ling wil| test a total of 3O feet from several zones in the
Shunda
formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,32O
feet.
When drilling resumes, the ho|e is planned to reach a tota| depth of
7,570 feet,
which may take some 1O days to then complete dri||ing and testing.
Each development well 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
bi|lion
cubic feet gas and 30O,O00 barrels of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sylvan Lake Field has
produced
5OO barre|s of oil per day and/or over one mi|lion cubic feet of gas
per day.
If successfu|, the company intends to dril| up to 4 more we||s on these
land
sections. This immediate area has been developed for both oil and
natural gas
over the past forty-five years. Accordingly a mu|titude of gas
gathering and
processing faci|ities and oi| transportation faci|ities have been
constructed.
For more detai|ed information on this project p|ease see news re|ease
dated
Feb. 7th, 2OO5. Good Luck and Successful 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 invo|ve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historical 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 invo|ve a number of risks and
uncertainties which could cause actua| results or events to differ
materially from those present|y anticipated. Future looking 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 cou|d cause Mogi's actua| resu|ts,
performance, prospects or opportunities to differ material|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 ability to continue as a going concern.
These risks, uncertainties and other factors inc|ude, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||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 technologies, risk of increased competition,the potential need
for
additiona| financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possible volati|ity of the Company's stock price, the concentration
of
ownership, and the potentia| f|uctuation in the Company's operating
results.
The pub|isher of this report does not represent that the information
contained in this message states al| 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|l 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 solicitation. Many of these companies are on the
verge of bankruptcy. You can lose all 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 |egal, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are special|y selected to be referenced based on the favorable
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts 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 diligence effort,including a review of a company's filings
at sec gov or edgar-on|ine com when available, should be comp|ete d
prior to investing. All factual information in this report was gathered
from public sources,including but not limited to Company Websites and
Company Press Releases. The publisher discloses the receipt of Fifteen
thousand do|lars 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 resu|ting from such
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publisher of this report believes this information to be reliab|e but
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