Acquire at the bottom and ride the breakout
Dewey Mayberry
tzdxbzav at wilde.com
Sun Apr 3 00:24:08 PST 2005
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
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