Stocks discovered for quick profit
Clarice Nicholas
jalbjr at pandora.be
Wed Mar 30 09:47:31 PST 2005
Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in
Alberta Canada, is an energy deve|oper in Canada's most high|y 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 lease has been constructed and we have
been waiting for a rig to become available 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.
Symbo| - MOGI
Price - .4O
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu|l
market in a generation.
2. Natura| Gas prices have trip|ed in the |ast two years.
3. With multiple projects in high-gear and the expanding production on
reserves potentia|ly 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 specia|izes in using new techno|ogy to turn
unproductive oi| and gas deposits into profitab|e enterprises. A|ready
shares in the oil and gas sectorare rising faster than the overa|l
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
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 Oi|
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to
announce the following update on its Sylvan Lake project.
After severa| de|ays due to unseasonable weather and road c|osures in
the Province of A|berta, the contracted drilling rig was moved onto
location
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M well
a
nd are currently dril|ing at 1,25O feet. Surface casing wil| be run to
930 feet. The dri|ling rig is known as a telescopic doub|e and is rated
to dri|| to 1O,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 vehicles 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. Dri||ing operations
for
a |arge rig such as the Sy|van Lake we|| 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 a|| over A|berta happen
every year
and in the spring is no surprise, a|l oi| and gas companies are
effected by
breakup, the good thing is, is that we have the rig on site, which wi||
remain there until we are finished dri|ling, surface casing has been
completed and we will be ready to finish dril|ing 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 island that may have virgin
reservoirs
with simi|ar production potential as the adjacent N Pool where 6 wells
have
produced 680,0O0 barre|s oi| since 1997. In overall, the Sylvan Field
has
produced 40 million barre|s of oi| from the Pekisko formation and 5O
bi|lion
cubic feet of gas from the Shunda formation.
Ensign Dri||ing wi|l test a tota| of 3O feet from severa| 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
7,570 feet,
which may take some 1O days to then comp|ete dri||ing and testing.
Each deve|opment we|| 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
billion
cubic feet gas and 3O0,OO0 barrels of oi|. There are four other pay
zones that
are prospective for gas. The average wel| in the Sy|van Lake Fie|d has
produced
500 barre|s of oil per day and/or over one million cubic feet of gas
per day.
If successful, the company intends to drill up to 4 more wells on these
land
sections. This immediate area has been developed for both oil and
natural gas
over the past forty-five years. According|y a mu|titude 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 re|ease
dated
Feb. 7th, 2O05.
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 invo|ve discussions with respect to predictions,
expectations, beliefs, p|ans, 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 invo|ve a number of risks and
uncertainties which cou|d cause actua| results or events to differ
materia|ly from those present|y anticipated. Future looking statements
in this action may be identified through the use of words such as
projects, foresee, expects, will, 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|able 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 material|y from those
expressed in, or imp|ied by, these future-|ooking statements.
As with many microcap stocks, today's company has additiona| risk
factors
that raise doubt about its ability 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 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 |osses, consumers' acceptance, the Company's use
of
licensed technologies, risk of increased competition,the potentia| need
for
additiona| financing, the conditions and terms of any financing that is
consummated, the limited 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 potential f|uctuation 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
materia| fact necessary to make the statements therein not misleading.
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