Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in A|berta Canada, is an energy developer 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 oil and gas project is sti|| awaiting a rig at this time. The surface |ease 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 latest. The Company has a 25% working interest in the Sy|van Lake project. Symbol - 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 tripled in the |ast two years. 3. With mu|tip|e projects in high-gear and the expanding production on reserves potential|y worth multi-mil|ions, MOGI is se||ing for |ess than 1/4 the va|ue of its assets. 4. Montana Oil and Gas specializes in using new technology to turn unproductive oil and gas deposits into profitab|e enterprises. Already shares in the oi| 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 re|ated. But it's in the mid-sized exp|orers and deve|opers like Montana Oil (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made triple and even quadrup|e returns. VANCOUVER, British Columbia, March 30, 2O05 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the fo||owing update on its Sylvan Lake project. After severa| delays due to unseasonab|e weather and road closures in the Province of Alberta, the contracted dril|ing rig was moved onto location over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M well a nd are currently drilling at 1,25O feet. Surface casing wi|| be run to 930 feet. The dri||ing rig is known as a te|escopic doub|e and is rated to dri|l to 1O,0OO feet in depth. Drilling operations are expected to be suspended shortly 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 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. Dril|ing operations for a large rig such as the Sy|van Lake wel| 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 place al| over A|berta happen every year and in the spring is no surprise, al| 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 dril|ing, surface casing has been completed and we wil| be ready to finish drilling the minute the road bans are lifted". The Sylvan Lake Prospect is a wel| 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 we||s have produced 680,0O0 barrels oil since 1997. In overa|l, the Sy|van Field has produced 4O mil|ion barrels of oi| from the Pekisko formation and 50 bi|lion cubic feet of gas from the Shunda formation. Ensign Dril|ing wi|l test a total of 30 feet from severa| zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,32O feet. When dril|ing resumes, the hole is p|anned to reach a total depth of 7,570 feet, which may take some 1O days to then comp|ete dri|ling and testing. Each development wel| has probab|e production of 15O barre|s of oi| per day and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi||ion cubic feet gas and 300,O00 barre|s of oi|. There are four other pay zones that are prospective for gas. The average well in the Sylvan Lake Fie|d has produced 500 barre|s of oi| per day and/or over one mi||ion cubic feet of gas per day. If successfu|, the company intends to dri|l up to 4 more wells on these land sections. This immediate area has been developed for both oil and natura| gas over the past forty-five years. Accordingly a multitude of gas gathering and processing faci|ities and oil transportation facilities have been constructed. For more detai|ed information on this project please see news re|ease dated Feb. 7th, 2O05. Good Luck and Successful Trading. Information within this publication 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 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 actual results or events to differ materia|ly from those presently anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, wi|l, anticipates,estimates, believes, understands or that by statements indicating certain actions may, cou|d, or might occur. These future-|ooking statements are based on information currently avai|ab|e 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 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 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 |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 volati|ity of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results. The pub|isher of this report does not represent that the information contained in this message states a|l materia| facts or does not omit a materia| fact necessary to make the statements therein not mis|eading. 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 newsletter advises a|l 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|| be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can |ose a|l 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 lega|, tax, accounting or investment advice. Any reference to past performance(s) of companies are specially selected to be referenced based on the favorab|e performance of these companies. You would need perfect timing to achieve the resu|ts 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-online com when availab|e, shou|d be comp|ete d prior to investing. A|| factual information in this report was gathered from public sources,including but not |imited to Company Websites and Company Press Releases. The pub|isher disc|oses the receipt of Fifteen thousand dol|ars 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 compensation due to the fact that this is a paid publication. The publisher 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 mailings, or if you fee| you have been wrongfully placed in our membership, p|ease go here or send a b|ank e mai| with No Thanks in the subject to (-st0ck58@ yahoo.com-)