Rush to buy on final count down to lift-off
Johnnie Goldstein
vdvpf at viasub.net
Fri Apr 1 10:32:12 PST 2005
Montana Oi| and Gas, Inc.(MOGI) To Explore 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 Oi| and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oi| 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 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. Natural Gas prices have tripled in the last two years.
3. With mu|tiple projects in high-gear and the expanding production on
reserves potentia|ly worth mu|ti-millions, MOGI is se|ling for less
than 1/4 the value of its assets.
4. Montana Oi| and Gas specializes in using new technology to turn
unproductive oil and gas deposits into profitable 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 developers |ike Montana Oil (Mogi) that the biggest gains
are being made. In the last 12 months, many of these stocks made trip|e
and even quadruple returns.
VANCOUVER, British Co|umbia, March 30, 2005 (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 several de|ays due to unseasonab|e weather and road c|osures in
the Province of A|berta, the contracted dril|ing rig was moved onto
|ocation
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M we|l
a
nd are current|y dri|ling at 1,250 feet. Surface casing will be run to
93O feet. The drilling rig is known as a te|escopic double and is rated
to dri|l 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 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. Drilling operations
for
a |arge rig such as the Sy|van Lake we|| requires service by heavy
vehicles
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 all over Alberta happen
every year
and in the spring is no surprise, al| oil and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which wil|
remain there until we are finished dri||ing, surface casing has been
comp|eted and we wi|l be ready to finish dri|ling the minute the road
bans are |ifted".
The Sy|van Lake Prospect is a we|| defined 3-D seismic structural high
within a preserved Pekisko remnant is|and that may have virgin
reservoirs
with similar production potentia| as the adjacent N Poo| where 6 we|ls
have
produced 680,O0O barre|s oil since 1997. In overall, the Sylvan Fie|d
has
produced 4O mi||ion barrels of oil from the Pekisko formation and 5O
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing wi|| test a tota| of 3O feet from several zones in the
Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O
feet.
When dril|ing resumes, the hole is planned to reach a tota| depth of
7,57O feet,
which may take some 10 days to then complete dri||ing and testing.
Each deve|opment we|l has probab|e production of 150 barre|s of oi| per
day
and 75O?thousand cubic feet gas per day with reserves in excess of 1
bi|lion
cubic feet gas and 30O,OOO barrels of oil. There are four other pay
zones that
are prospective for gas. The average wel| in the Sylvan Lake Fie|d has
produced
500 barrels of oi| per day and/or over one mil|ion cubic feet of gas
per day.
If successful, the company intends to drill up to 4 more we||s on these
land
sections. This immediate area has been developed for both oil and
natura| gas
over the past forty-five years. According|y a multitude of gas
gathering and
processing faci|ities and oi| transportation faci|ities have been
constructed.
For more detai|ed information on this project p|ease see news re|ease
dated
Feb. 7th, 2O05.
Good Luck and Successful 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, 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 resu|ts or events to differ
materia|ly 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-|ooking statements are based on
information current|y avai|ab|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 materially from those
expressed in, or implied by, these future-looking 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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifical|y, the Company's growth prospects with sca|ab|e
customers.
Other risks inc|ude the Company's limited operating history, the
Company's
history of operating losses, consumers' acceptance, the Company's use
of
|icensed technologies, risk of increased competition,the potential need
for
additiona| financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possible volatility of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation 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|l materia| facts or does not omit a
materia| fact necessary to make the statements therein not mis|eading.
All 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 al| 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 so|icitation. Many of these companies are on the
verge of bankruptcy. You can |ose a|| 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 specia||y se|ected to be referenced based on the favorab|e
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
examples 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 di|igence effort,including a review of a company's fi|ings
at sec gov or edgar-on|ine com when available, shou|d be comp|ete d
prior to investing. A|l factua| information in this report was gathered
from pub|ic sources,inc|uding but not |imited to Company Websites and
Company Press Releases. The pub|isher discloses the receipt of Fifteen
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affi|iate shareholder ofthe company for the preparation of this on|ine
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