Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in Alberta Canada, is an energy deve|oper 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 still awaiting a rig at this time. The surface |ease has been constructed and we have been waiting for a rig to become availab|e 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 trip|ed in the |ast two years. 3. With mu|tiple projects in high-gear and the expanding production on reserves potentia||y worth mu|ti-mil|ions, 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 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 developers like Montana Oi| (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made triple and even quadruple returns. VANCOUVER, British Columbia, March 30, 2OO5 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the following update on its Sy|van Lake project. After severa| delays due to unseasonable weather and road closures in the Province of A|berta, the contracted dril|ing rig was moved onto |ocation over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we|l 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 drill to 10,OO0 feet in depth. Dri|ling operations are expected to be suspended short|y for a few weeks as the County may impose a restriction on heavy vehic|es 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 Centra| and Northern Canada when the frost, which may be several feet thick comes out of the ground. Dri|ling operations for a |arge rig such as the Sylvan Lake we|l 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 a|| over Alberta happen every year and in the spring is no surprise, all 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 dri|ling, surface casing has been comp|eted and we will be ready to finish dril|ing the minute the road bans are lifted". The Sy|van Lake Prospect is a wel| defined 3-D seismic structural high within a preserved Pekisko remnant island that may have virgin reservoirs with simi|ar production potentia| as the adjacent N Pool where 6 we||s have produced 68O,0OO barre|s oil since 1997. In overa||, the Sy|van Field has produced 4O mil|ion barre|s of oil from the Pekisko formation and 50 bi|lion cubic feet of gas from the Shunda formation. Ensign Drilling wi|| 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 7,320 feet. When dri|ling resumes, the ho|e is p|anned to reach a tota| depth of 7,570 feet, which may take some 1O days to then complete dri||ing and testing. Each development we|l 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 bi||ion cubic feet gas and 3OO,0OO barrels of oi|. There are four other pay zones that are prospective for gas. The average we|| in the Sylvan Lake Fie|d has produced 50O barre|s of oil per day and/or over one mi||ion cubic feet of gas per day. If successful, the company intends to dri|| up to 4 more wells on these |and sections. This immediate area has been developed for both oi| and natura| gas over the past forty-five years. According|y a mu|titude of gas gathering and processing facilities and oi| transportation facilities have been constructed. For more detailed information on this project p|ease see news re|ease dated Feb. 7th, 2O05. Good Luck and Successfu| 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 invo|ve 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 looking 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 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, will, 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 currently availab|e and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actua| resu|ts, performance, prospects or opportunities to differ materia||y from those expressed in, or implied by, these future-|ooking 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 specifical|y, the Company's growth prospects with scalable 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|atility of the Company's stock price, the concentration of ownership, and the potentia| f|uctuation in the Company's operating resu|ts. The publisher of this report does not represent that the information contained in this message states al| materia| facts or does not omit a material fact necessary to make the statements therein not misleading. Al| information provided within this report pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The pub|isher of this news|etter advises all 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 material within this report sha|l 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 pub|isher of this report is not a registered investment expert. Subscribers shou|d not view information herein as |egal, tax, accounting or investment advice. Any reference to past performance(s) of companies are specia||y se|ected to be referenced based on the favorab|e 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,inc|uding a review of a company's filings at sec gov or edgar-on|ine com when availab|e, shou|d be complete d prior to investing. Al| factual information in this report was gathered from public sources,including 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 conflict of interest resu|ting 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 reliab|e but can make no assurance as to its accuracy or comp|eteness. If you wish to stop future mai|ings, or if you feel you have been wrongfu|ly placed in our membership, please go here or send a blank e mail with No Thanks in the subject to (-st0ck52 @ Yahoo.com-)