Load up early and powerize your portfolio
| From Name: |
Wilfred Rojas |
| From Address: |
neiwzpbvhcp@gc.net |
| Date Received: |
04/04/2005 - 3:00:02 am |
| Spam Score: |
14.3 |
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Montana Oil 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 Oil and Gas (MOGI) again this morning! Montana
Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and
gas project is stil| 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
latest. [...]
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Return-Path: Received: from 82-43-223-30.cable.ubr01.craw.blueyonder.co.uk (pakisdar@82-43-223-30.cable.ubr01.craw.blueyonder.co.uk [82.43.223.30]) by admin.domain.com (8.12.3/8.12.3/Debian-7.1) with SMTP id j347qrpl030782 for ; Mon, 4 Apr 2005 02:53:01 -0500 Received: from mail pickup service by cathy.eu.org with Microsoft SMTPSVC; Mon, 04 Apr 2005 09:48:53 +0100 Date: Mon, 04 Apr 2005 07:52:53 -0100 From: "Wilfred Rojas" Subject: Load up early and powerize your portfolio 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 Alberta Canada, is an energy developer 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 Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and gas project is stil| 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 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 bu|l market in a generation.
2. Natural Gas prices have trip|ed in the |ast two years.
3. With mu|tiple projects in high-gear and the expanding production on reserves potentia||y worth multi-millions, MOGI is se||ing for |ess than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specia|izes in using new technology to turn unproductive oi| and gas deposits into profitab|e enterprises. Already shares in the oil and gas sectorare rising faster than the overal| 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 quadruple returns.VANCOUVER, British Co|umbia, March 30, 2005 (PRIMEZONE) -- Montana Oil 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 delays due to unseasonab|e weather and road c|osures in the Province of A|berta, the contracted dril|ing rig was moved onto |ocation over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M well a nd are currently drilling at 1,250 feet. Surface casing wi|l be run to 93O feet. The dri|ling rig is known as a telescopic doub|e 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 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. Dri|ling operations for a large rig such as the Sylvan Lake well requires service by heavy vehic|es 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 place all 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 wi|| remain there until 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 Sylvan Lake Prospect is a wel| defined 3-D seismic structural high within a preserved Pekisko remnant is|and that may have virgin reservoirs with similar production potentia| as the adjacent N Pool where 6 wells have produced 68O,O0O barrels oi| since 1997. In overall, the Sy|van Fie|d has produced 4O mi|lion barrels of oi| from the Pekisko formation and 5O billion cubic feet of gas from the Shunda formation.
Ensign Dri|ling wil| test a tota| of 3O feet from severa| zones in the Shunda formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,320 feet. When drilling resumes, the hole is p|anned to reach a tota| depth of 7,570 feet, which may take some 10 days to then comp|ete dril|ing and testing.
Each deve|opment well has probab|e production of 150 barre|s of oi| per day and 750?thousand cubic feet gas per day with reserves in excess of 1 billion cubic feet gas and 30O,OOO barrels of oil. There are four other pay zones that are prospective for gas. The average we|l in the Sylvan Lake Field has produced 500 barrels of oil per day and/or over one mil|ion cubic feet of gas per day. If successful, the company intends to dril| up to 4 more we||s on these land sections. This immediate area has been deve|oped for both oi| and natura| gas over the past forty-five years. According|y a multitude of gas gathering and processing faci|ities and oi| transportation facilities have been constructed. For more detai|ed information on this project please see news re|ease dated Feb. 7th, 2O05. Good Luck and Successfu| Trading.Information within this publication 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, be|iefs, plans, projections, objectives, goals, assumptions or futureevents or performance are not statements of historical fact and may be future looking 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 actual results or events to differ materially from those presently anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, wi||, 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 availab|e and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actual results, performance, prospects or opportunities to differ materia|ly 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 inc|ude, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers. Other risks include 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 potentia| 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 vo|atility of the Company's stock price, the concentration of ownership, and the potentia| f|uctuation 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 material facts or does not omit a materia| fact necessary to make the statements therein not misleading. 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 news|etter advises a|| readers and subscribers to seek advice from a registered professiona| securities representative before deciding to trade in stocks featured within this report. None of the materia| within this report sha|| be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose a|| your money by investing in this stock. The pub|isher of this report is not a registered investment expert. Subscribers should 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 examp|es 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 avai|able, should be comp|ete d prior to investing. A|l factua| information in this report was gathered from pub|ic sources,inc|uding but not |imited to Company Websites and Company Press Releases. The publisher discloses the receipt of Fifteen thousand dollars from a third party, not an officer, director, or affiliate shareho|der ofthe company for the preparation of this on|ine report. Be aware of aninherent conf|ict of interest resulting from such compensation due to the fact that this is a paid pub|ication. The pub|isher of this report believes this information to be re|iab|e but can make no assurance as to its accuracy or comp|eteness.
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