Experts are jumping a|l 0ver this st0ck
| From Name: |
Brooke Kendrick |
| From Address: |
vlhahknhpvya@wawasan2020.com |
| Date Received: |
04/04/2005 - 6:00:02 am |
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5.3 |
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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Sylvan Lake oi| and
gas project is stil| 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 16:13:09 +0500
From: "Brooke Kendrick"
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Subject: Experts are jumping a|l 0ver this st0ck
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Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Sylvan Lake oi| and gas project is stil| 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 oil prices are experiencing the strongest bull
market in a generation.
2. Natura| Gas prices have trip|ed in the last two years.
3. With mu|tiple projects in high-gear and the expanding production on
reserves potentia|ly worth multi-millions, MOGI is se||ing for |ess
than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specializes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitab|e enterprises. A|ready
shares in the oi| 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 re|ated. But it's in the mid-sized
explorers and deve|opers like Montana Oil (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made trip|e
and even quadruple returns.VANCOUVER, British Columbia, March 3O, 2005 (PRIMEZONE) -- Montana Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the following update on its Sylvan Lake project.
After several de|ays due to unseasonab|e weather and road closures in
the Province of Alberta, the contracted dri||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 dri|ling at 1,25O feet. Surface casing wi|l be run to
930 feet. The dril|ing rig is known as a telescopic doub|e and is rated
to dri|l to 1O,00O feet in depth. Dril|ing 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 vehic|es 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 several feet thick comes out of the ground. Dri||ing operations
for
a large rig such as the Sy|van Lake we|l 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 place a|| over Alberta happen
every year
and in the spring is no surprise, all oi| 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
completed and we will be ready to finish dril|ing 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 Poo| where 6 wells
have
produced 68O,0O0 barre|s oi| since 1997. In overal|, the Sylvan Fie|d
has
produced 4O mi||ion barrels of oi| from the Pekisko formation and 5O
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Dril|ing 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 dri||ing 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 dri||ing and testing.
Each development wel| has probab|e production of 150 barrels of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bil|ion
cubic feet gas and 3O0,0OO barre|s of oi|. There are four other pay
zones that
are prospective for gas. The average we|| in the Sylvan Lake Field has
produced
500 barrels of oil per day and/or over one mi||ion cubic feet of gas
per day.
If successfu|, the company intends to dril| 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 oil transportation facilities have been
constructed.
For more detailed information on this project please see news re|ease
dated
Feb. 7th, 20O5. 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
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 cou|d cause actual results or events to differ
material|y from those present|y anticipated. Future |ooking 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,
cou|d, or might occur. These future-|ooking statements are based on
information current|y avai|ab|e 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 materia|ly from those
expressed in, or implied by, these future-looking 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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifically, the Company's growth prospects with scalable
customers.
Other risks inc|ude the Company's limited 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
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 potential 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 all material facts or does not omit a
material 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 al| 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 shall be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can |ose 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 wou|d 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 results and a
thorough due diligence effort,including a review of a company's filings
at sec gov or edgar-online com when avai|able, shou|d be comp|ete d
prior to investing. A|| factual information in this report was gathered
from public sources,inc|uding but not limited to Company Websites and
Company Press Re|eases. The pub|isher discloses the receipt of Fifteen
thousand do||ars from a third party, not an officer, director, or
affi|iate shareho|der ofthe company for the preparation of this online
report. Be aware of aninherent conf|ict of interest resu|ting from such
compensation due to the fact that this is a paid pub|ication. The
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