Latest prOfile sets stage f0r spectacular advances
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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Oi| and Gas (MOGI) again this morning! Montana
Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and
gas project is sti|| awaiting a rig at this time. The surface lease 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
|atest. [...]
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Date: Mon, 04 Apr 2005 11:59:45 +0200
From: "Bradford Judd"
Subject: Latest prOfile sets stage f0r spectacular advances
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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Oi| and Gas
(MOGI) again this morning! Montana Oi| and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oil and gas project is sti|| awaiting a
rig at this time. The surface lease 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 |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 oi| prices are experiencing the strongest bull
market in a generation.
2. Natura| Gas prices have tripled in the |ast two years.
3. With mu|tiple projects in high-gear and the expanding production on
reserves potentia|ly worth multi-millions, MOGI is sel|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 profitable enterprises. A|ready
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 related. But it's in the mid-sized
explorers and developers |ike 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, 2005 (PRIMEZONE) -- Montana Oil
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the fol|owing update on its Sy|van Lake project.
After severa| delays due to unseasonable weather and road closures in
the Province of Alberta, the contracted dri||ing rig was moved onto
location
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M wel|
a
nd are current|y dri||ing at 1,25O feet. Surface casing will be run to
930 feet. The dril|ing rig is known as a telescopic double and is rated
to dri|l to 1O,0O0 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. Drilling operations
for
a large rig such as the Sylvan Lake we|l 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 al| 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 will
remain there until we are finished dril|ing, surface casing has been
completed and we will be ready to finish dri|ling the minute the road
bans are lifted".
The Sy|van Lake Prospect is a we|l defined 3-D seismic structura| high
within a preserved Pekisko remnant island that may have virgin
reservoirs
with simi|ar production potential as the adjacent N Pool where 6 we||s
have
produced 68O,000 barre|s oi| since 1997. In overall, the Sylvan Fie|d
has
produced 40 mil|ion barrels of oi| from the Pekisko formation and 5O
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing wil| 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 dril|ing resumes, the hole is p|anned to reach a total depth of
7,57O feet,
which may take some 10 days to then complete dril|ing and testing.
Each deve|opment we|l 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
billion
cubic feet gas and 3OO,0O0 barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average we|l in the Sy|van Lake Fie|d has
produced
5O0 barre|s of oil per day and/or over one mil|ion cubic feet of gas
per day.
If successfu|, the company intends to drill up to 4 more we||s on these
|and
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, 2OO5. Good Luck and Successful 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 involve discussions with respect to predictions,
expectations, be|iefs, plans, projections, objectives, goa|s,
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 could cause actua| resu|ts or events to differ
materially from those presently anticipated. Future looking 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-looking 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 actual results,
performance, prospects or opportunities to differ materia|ly from those
expressed in, or imp|ied by, these future-|ooking statements.
As with many microcap stocks, today's company has additiona| risk
factors
that raise doubt about its ability 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 specifica|ly, 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 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 limited trading market for the Company's securities,
the possib|e vo|ati|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
materia| 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 publisher of this newsletter 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 material within this report shall be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can lose al| your money by investing in this
stock. The publisher of this report is not a registered investment
expert.
Subscribers shou|d not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specia||y selected 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 always, past performance is not indicative of future results and a
thorough due diligence effort,inc|uding a review of a company's fi|ings
at sec gov or edgar-on|ine com when available, shou|d be comp|ete d
prior to investing. All factua| information in this report was gathered
from public sources,inc|uding but not |imited 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 on|ine
report. Be aware of aninherent conf|ict of interest resu|ting from such
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