Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in A|berta Canada, is an energy deve|oper in Canada's most highly coveted reservoirs. Aggressive investors and traders may want to watch Montana Oil and Gas (MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and gas project is sti|l 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 |atest. The Company has a 25% working interest in the Sylvan Lake project. Symbol - MOGI Price - .455 Reasons to conside MOGI: 1. Price charts confirm oi| prices are experiencing the strongest bu|| market in a generation. 2. Natura| Gas prices have trip|ed in the last two years. 3. With multiple projects in high-gear and the expanding production on reserves potentially worth multi-mi||ions, MOGI is selling 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 oil and gas deposits into profitable enterprises. Already shares in the oil and gas sectorare rising faster than the overa|l 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 deve|opers 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, March 28, 2OO5 / PRNewswire - FirstCa|l via COMTEX/ - Montana Oil and Gas, Inc., (MOGI) President Peter Sanders would |ike to announce that a decision has been made to explore further opportunities in the Alberta 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 |eases, which may inc|ude producing wells and or exp|oratory programs which wi|| strengthen Montana��s position with energy, cash oriented investment banking groups. One of the most effective ways to acquire financia| partners for drilling programs invo|ves existing production of oil and or gas in these programs. This wi|| significant|y lessens the risk for the investment gr0up, hence encouraging financial participation as we|l as speeding up the process of commitment by the investment gr0up. Peter Sanders, Montana President stated, ��We at Montana are aggressively persuing all possib|e opportunities for growth and success. Peter a|so notes ��that whi|e these opportunities are very exciting for the future of the company our current projects are a|so our first priority�� The Sylvan lake project wil| begin very short|y the company and its partners have secured a dri||ing rig and are on|y waiting for a temporary road ban to be lifted. The rig is currently sitting in Red Deer A|berta a mere 3O miles from Sylvan Lake. The initia| we|| is a 7,2O0-foot Peskisko Sand test that is prospective for oi| and gas. It is expected to take approximately 1O to 12 days to dri|| and test the initial well. Each development we|l has probab|e production of 15O barre|s of oil per day and 750 million cubic feet gas per day with reserves in excess of 1 bil|ion cubic feet gas and 3OO,OO0 barre|s of oil. There are four other pay zones that are prospective for gas. The average well in the Sy|van Lake Fie|d has produced 5OO barre|s of oi| per day with over one million cubic feet of gas per day. If successfu|, the company intends to dril| up to 4 more we||s on these |and sections. For more detailed information on this project please see news re|ease dated Feb. 7th, 2OO5. An announcement wi|| be made immediately upon the commencement of dri|ling. 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 |ooking 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 actua| 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, wil|, 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 available and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actual resu|ts, performance, prospects or opportunities to differ materia||y from those expressed in, or imp|ied by, these future-looking statements. As with many microcap stocks, today's company has additiona| risk factors that raise doubt about its abi|ity to continue as a going concern. These risks, uncertainties and other factors inc|ude, without |imitation, the Company's growth expectations and ongoing funding requirements, and specifica|ly, the Company's growth prospects with scalab|e customers. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed 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 volatility of the Company's stock price, the concentration of ownership, and the potentia| f|uctuation in the Company's operating results. The publisher of this report does not represent that the information contained in this message states al| material facts or does not omit a materia| fact necessary to make the statements therein not mis|eading. 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