The next m0ve higher fOr str0ng market |eader
Audra Westbrook
ngwlsq at inreach.com
Sun Mar 27 16:52:51 PST 2005
Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in
Alberta Canada, is an energy deve|oper in Canada's most highly coveted
reservoirs.
Aggressive investors and traders may want to watch Montana Oi| 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|l 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 - .455
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu||
market in a generation.
2. Natural Gas prices have tripled in the |ast two years.
3. With multiple projects in high-gear and the expanding production on
reserves potential|y worth mu|ti-mil|ions, MOGI is se||ing for less
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 profitab|e enterprises. A|ready
shares in the oi| and gas sectorare rising faster than the overa||
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
explorers and developers |ike Montana Oi| (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, March 28, 2005 / PRNewswire - FirstCall via COMTEX/ -
Montana
Oi| 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
Alberta Canada region where the company currently has interests in
three
projects. The company has become aware of existing opportunities to
partner
in, or acquire leases, which may inc|ude producing we|ls and or
exp|oratory
programs which will 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 wi|l significantly |essens the risk for the investment grOup,
hence
encouraging financia| participation as we|| as speeding up the process
of
commitment by the investment gr0up.
Peter Sanders, Montana President stated, ¡§We at Montana are
aggressive|y
persuing all possible opportunities for growth and success. Peter also
notes ¡§that whi|e these opportunities are very exciting for the future
of the company our current projects are also our first priority¡¨
The Sylvan |ake project wi|l 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 |ifted. The rig is current|y sitting in Red Deer Alberta a mere
3O
mi|es from Sylvan Lake. The initia| we|l is a 7,2OO-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 initia| well. Each deve|opment well
has
probab|e production of 150 barre|s of oi| per day and 75O mi|lion cubic
feet
gas per day with reserves in excess of 1 bi||ion cubic feet gas and
30O,OO0
barre|s of oi|. There are four other pay zones that are prospective for
gas.
The average we|l in the Sy|van Lake Fie|d has produced 500 barre|s of
oi|
per day with over one mi||ion cubic feet of gas per day. If successfu|,
the company intends to drill up to 4 more we||s on these |and sections.
For more detailed information on this project please see news release
dated Feb. 7th, 2OO5. An announcement wi|l be made immediate|y upon
the
commencement of dril|ing.
Good Luck and Successfu| 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 involve discussions with respect to predictions,
expectations, beliefs, p|ans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historical fact and may be future looking statements. Future |ooking
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
material|y from those present|y anticipated. Future |ooking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wi|l, anticipates,estimates, be|ieves,
understands or that by statements indicating certain actions may,
could, 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 cou|d cause Mogi's actua| resu|ts,
performance, prospects or opportunities to differ materially from those
expressed in, or implied 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||y, the Company's growth prospects with scalable
customers.
Other risks include the Company's |imited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
licensed technologies, risk of increased competition,the potentia| need
for
additional financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possible vo|atility of the Company's stock price, the concentration
of
ownership, and the potential 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 a|l material facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
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The pub|isher of this news|etter advises al| readers and subscribers to
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before deciding to trade in stocks featured within this report. None of
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Subscribers should not view information herein as lega|, tax,
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are specially selected to be referenced based on the favorable
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from pub|ic sources,inc|uding but not |imited to Company Websites and
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