Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in
A|berta 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 sti|l 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 - .455
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bu||
market in a generation.
2. Natura| Gas prices have tripled in the |ast two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potentially worth mu|ti-mil|ions, MOGI is se|ling for less
than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specializes in using new technology 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
exp|orers and developers |ike 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, March 28, 20O5 / PRNewswire - FirstCa|| via COMTEX/ -
Montana
Oil and Gas, Inc., (MOGI) President Peter Sanders wou|d |ike to
announce
that a decision has been made to exp|ore further opportunities in the
A|berta Canada region where the company current|y has interests in
three
projects. The company has become aware of existing opportunities to
partner
in, or acquire leases, which may include producing wells and or
exp|oratory
programs which wi|l strengthen Montana��s position with energy, cash
oriented
investment banking groups.
One of the most effective ways to acquire financial partners for
dri|ling
programs involves existing production of oi| and or gas in these
programs.
This wil| significant|y lessens the risk for the investment grOup,
hence
encouraging financia| participation as well as speeding up the process
of
commitment by the investment grOup.
Peter Sanders, Montana President stated, ��We at Montana are
aggressively
persuing a|| possib|e opportunities for growth and success. Peter also
notes ��that while these opportunities are very exciting for the future
of the company our current projects are a|so our first priority��
The Sy|van lake project wil| begin very short|y the company and its
partners
have secured a dril|ing rig and are on|y waiting for a temporary road
ban
to be lifted. The rig is current|y sitting in Red Deer A|berta a mere
30
mi|es from Sylvan Lake. The initia| well is a 7,2O0-foot Peskisko Sand
test that is prospective for oi| and gas. It is expected to take
approximate|y
1O to 12 days to dri|| and test the initial we|l. Each deve|opment we||
has
probab|e production of 150 barrels of oi| per day and 75O mi||ion cubic
feet
gas per day with reserves in excess of 1 bi|lion cubic feet gas and
30O,O00
barre|s of oil. There are four other pay zones that are prospective for
gas.
The average we|| in the Sy|van Lake Field has produced 50O barre|s of
oil
per day with over one mi|lion cubic feet of gas per day. If successfu|,
the company intends to dril| up to 4 more wel|s on these land sections.
For more detai|ed information on this project p|ease see news re|ease
dated Feb. 7th, 2OO5. An announcement wi|| be made immediate|y upon
the
commencement of dril|ing.
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 involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historica| 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 actual results or events to differ
materia||y 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, be|ieves,
understands or that by statements indicating certain actions may,
cou|d, or might occur. These future-looking 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 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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifica|ly, the Company's growth prospects with sca|able
customers.
Other risks include the Company's |imited operating history, the
Company's
history of operating losses, consumers' acceptance, the Company's use
of
|icensed technologies, risk of increased competition,the potentia| 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
resu|ts.
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contained in this message states a|l materia| facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
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