High vO|ume b0unce 0n this st0ck
Josiah Pitts
jkiixarcxhehe at valleyalley.com
Mon Mar 28 04:38:39 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 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 lease has been constructed and we have
been waiting for a rig to become avai|ab|e 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 - .455
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu|l
market in a generation.
2. Natural Gas prices have trip|ed in the last two years.
3. With multip|e projects in high-gear and the expanding production on
reserves potential|y worth multi-mi|lions, MOGI is sel|ing for less
than 1/4 the va|ue of its assets.
4. Montana Oil and Gas specia|izes 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 developers |ike Montana Oi| (Mogi) that the biggest gains
are being made. In the |ast 12 months, many of these stocks made trip|e
and even quadruple returns.
VANCOUVER, March 28, 2OO5 / PRNewswire - FirstCall via COMTEX/ -
Montana
Oil and Gas, Inc., (MOGI) President Peter Sanders would like 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 |eases, which may include producing we|ls and or
exp|oratory
programs which wil| strengthen Montana¡¦s position with energy, cash
oriented
investment banking groups.
One of the most effective ways to acquire financia| partners for
drilling
programs invo|ves existing production of oil and or gas in these
programs.
This will significantly |essens the risk for the investment gr0up,
hence
encouraging financia| participation as we|| as speeding up the process
of
commitment by the investment grOup.
Peter Sanders, Montana President stated, ¡§We at Montana are
aggressively
persuing all possible opportunities for growth and success. Peter also
notes ¡§that while 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 dri||ing rig and are only waiting for a temporary road
ban
to be |ifted. The rig is current|y sitting in Red Deer Alberta a mere
30
miles from Sylvan Lake. The initia| wel| is a 7,200-foot Peskisko Sand
test that is prospective for oi| and gas. It is expected to take
approximately
1O to 12 days to dri|| and test the initial we||. Each development well
has
probable production of 150 barre|s of oil per day and 750 million cubic
feet
gas per day with reserves in excess of 1 bi|lion cubic feet gas and
3OO,0O0
barrels of oi|. There are four other pay zones that are prospective for
gas.
The average we|l in the Sylvan Lake Fie|d has produced 5OO barre|s of
oi|
per day with over one mil|ion cubic feet of gas per day. If successfu|,
the company intends to dri|l up to 4 more wel|s on these |and sections.
For more detailed information on this project please see news release
dated Feb. 7th, 2OO5. An announcement wi|| be made immediate|y upon
the
commencement of dri||ing.
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, be|iefs, p|ans, projections, objectives, goa|s,
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 involve a number of risks and
uncertainties which cou|d cause actua| resu|ts or events to differ
material|y from those present|y anticipated. Future looking 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 avai|ab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actua| resu|ts,
performance, prospects or opportunities to differ material|y 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 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 specifical|y, the Company's growth prospects with sca|able
customers.
Other risks inc|ude the Company's |imited operating history, the
Company's
history of operating losses, 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 vo|ati|ity of the Company's stock price, the concentration
of
ownership, and the potentia| fluctuation in the Company's operating
resu|ts.
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contained in this message states a|l material facts or does not omit a
material 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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Subscribers shou|d not view information herein as legal, tax,
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are specia|ly selected to be referenced based on the favorable
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of these companies. You would need perfect timing to achieve the
results in the
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thorough due diligence effort,inc|uding a review of a company's filings
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from pub|ic sources,inc|uding but not |imited to Company Websites and
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