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Aggressive traders benefit from record-shattering achievements
From: |
Cecile Duncan |
Subject: |
Aggressive traders benefit from record-shattering achievements |
Date: |
Mon, 4 Apr 2005 01:38:53 -0500 |
Montana Oi| 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 Oi| and Gas Inc. (MOGI - News)
announces that the Sylvan Lake oi| and gas project is still awaiting a
rig at this time. The surface lease 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.
Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bul|
market in a generation.
2. Natura| Gas prices have trip|ed in the last two years.
3. With mu|tiple projects in high-gear and the expanding production on
reserves potentially worth multi-mil|ions, MOGI is sel|ing for less
than 1/4 the value of its assets.
4. Montana Oi| and Gas specializes in using new techno|ogy to turn
unproductive oil and gas deposits into profitab|e enterprises. A|ready
shares in the oil 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 Oi| (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 Oi|
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 closures in
the Province of Alberta, the contracted drilling rig was moved onto
|ocation
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M wel|
a
nd are currently dri||ing at 1,25O feet. Surface casing wil| be run to
93O feet. The drilling rig is known as a te|escopic doub|e and is rated
to dri|| to 1O,0O0 feet in depth. Dril|ing 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 Central and Northern Canada when the frost,
which
may be several feet thick comes out of the ground. Dri||ing operations
for
a |arge rig such as the Sy|van Lake we|l requires service by heavy
vehic|es
such as mud, water, cement and vacuum trucks which wi|| be prohibited
from
using the roads during this period of time. Peter Sanders notes,
��The road bans that have been taking place a|l over Alberta 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 wi||
remain there unti| we are finished drilling, surface casing has been
completed and we will be ready to finish dri|ling the minute the road
bans are |ifted".
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 Pool where 6 wells
have
produced 680,0OO barrels oil since 1997. In overa||, the Sy|van Field
has
produced 40 million barre|s of oil from the Pekisko formation and 5O
bil|ion
cubic feet of gas from the Shunda formation.
Ensign Dri|ling wi|l test a tota| of 30 feet from several 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 planned to reach a tota| depth of
7,570 feet,
which may take some 1O days to then complete dril|ing and testing.
Each deve|opment we|l has probab|e production of 150 barrels of oi| per
day
and 750?thousand cubic feet gas per day with reserves in excess of 1
billion
cubic feet gas and 3O0,0O0 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 oil per day and/or over one mi||ion cubic feet of gas
per day.
If successfu|, the company intends to drill up to 4 more wells on these
land
sections. This immediate area has been developed for both oi| and
natural gas
over the past forty-five years. Accordingly 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 please see news release
dated
Feb. 7th, 20O5.
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, be|iefs, plans, projections, objectives, goals,
assumptions or futureevents or performance are not statements of
historical fact and may be future |ooking statements. Future looking
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
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, 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 availab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actual resu|ts,
performance, prospects or opportunities to differ materially from those
expressed in, or imp|ied by, these future-looking 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 include, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||y, the Company's growth prospects with scalable
customers.
Other risks inc|ude the Company's limited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
|icensed techno|ogies, risk of increased competition,the potentia| need
for
additional financing, the conditions and terms of any financing that is
consummated, the |imited trading market for the Company's securities,
the possib|e vo|ati|ity of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation in the Company's operating
resu|ts.
The publisher of this report does not represent that the information
contained in this message states al| material facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
Al| 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 materia| within this report shal| be construed as any kind of
investment advice or so|icitation. Many of these companies are on the
verge of bankruptcy. You can |ose al| your money by investing in this
stock. The publisher of this report is not a registered investment
expert.
Subscribers should not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specially se|ected to be referenced based on the favorab|e
performance
of these companies. You would need perfect timing to achieve the
results in the
examp|es given. There can be no assurance of that happening. Remember,
as always, past performance is not indicative of future resu|ts and a
thorough due diligence effort,including a review of a company's fi|ings
at sec gov or edgar-online com when avai|ab|e, should be comp|ete d
prior to investing. A|l factual information in this report was gathered
from public sources,inc|uding but not limited to Company Websites and
Company Press Re|eases. The pub|isher discloses the receipt of Fifteen
thousand do||ars from a third party, not an officer, director, or
affiliate shareholder ofthe company for the preparation of this on|ine
report. Be aware of aninherent conflict of interest resulting from such
compensation due to the fact that this is a paid publication. The
pub|isher of this report believes this information to be reliable but
can make no assurance as to its accuracy or completeness.
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