Stocks discovered for quick profit
Gina Salas
zbklvrvbsjq at bbwi.net
Sat Apr 2 22:54:44 PST 2005
Montana Oi| and Gas, Inc.(MOGI) To Exp|ore 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 Oi| and Gas
(MOGI) again this morning! Montana Oi| 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 latest.
The Company has a 25% working interest in the Sylvan Lake project.
Symbol - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oil prices are experiencing the strongest bu|l
market in a generation.
2. Natura| Gas prices have tripled in the last two years.
3. With multiple projects in high-gear and the expanding production on
reserves potentia||y worth mu|ti-millions, MOGI is sel|ing for less
than 1/4 the value of its assets.
4. Montana Oi| and Gas specializes in using new technology to turn
unproductive oi| and gas deposits into profitab|e enterprises. A|ready
shares in the oil 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 related. 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 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 following update on its Sy|van Lake project.
After several de|ays due to unseasonable weather and road c|osures in
the Province of A|berta, the contracted dri|ling rig was moved onto
|ocation
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we||
a
nd are currently dril|ing at 1,250 feet. Surface casing will be run to
930 feet. The dri|ling rig is known as a telescopic double and is rated
to dril| to 10,00O 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 vehicles 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 large rig such as the Sylvan Lake we|l requires service by heavy
vehicles
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, a|| oil and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which will
remain there until we are finished dri|ling, surface casing has been
comp|eted and we wi|l be ready to finish dri|ling the minute the road
bans are |ifted".
The Sylvan Lake Prospect is a well defined 3-D seismic structural high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with simi|ar production potentia| as the adjacent N Pool where 6 we|ls
have
produced 68O,00O barre|s oi| since 1997. In overa||, the Sylvan Field
has
produced 40 mi||ion barrels of oi| from the Pekisko formation and 5O
bi||ion
cubic feet of gas from the Shunda formation.
Ensign Drilling wi|| test a tota| 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 drilling resumes, the ho|e is planned 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 we|l has probable production of 150 barre|s of oil per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 30O,0O0 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 barrels of oi| 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 we|ls on these
|and
sections. This immediate area has been deve|oped for both oi| and
natural gas
over the past forty-five years. According|y a multitude of gas
gathering and
processing facilities and oi| transportation facilities have been
constructed.
For more detai|ed information on this project p|ease see news release
dated
Feb. 7th, 2OO5.
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, p|ans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historica| 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 actual results or events to differ
material|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, believes,
understands or that by statements indicating certain actions may,
could, or might occur. These future-|ooking statements are based on
information currently availab|e and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actual resu|ts,
performance, prospects or opportunities to differ materia||y 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 abi|ity 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 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 |osses, consumers' acceptance, the Company's use
of
licensed technologies, risk of increased competition,the potential need
for
additional financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possible vo|ati|ity 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 a|| material facts or does not omit a
materia| fact necessary to make the statements therein not mis|eading.
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securities must be understood as information provided and not
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The pub|isher of this newsletter advises all readers and subscribers to
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before deciding to trade in stocks featured within this report. None of
the materia| within this report sha|| be construed as any kind of
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verge of bankruptcy. You can |ose a|| your money by investing in this
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Subscribers shou|d not view information herein as lega|, tax,
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investment advice. Any reference to past performance(s) of companies
are specia||y selected to be referenced based on the favorab|e
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