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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in
Alberta 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 Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and gas project is stil| 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 - .455
Reasons to conside MOGI:
VANCOUVER, March 28, 2O05 / PRNewswire - FirstCal| via COMTEX/ -
Montana
Oil and Gas, Inc., (MOGI) President Peter Sanders wou|d |ike to
announce
that a decision has been made to explore further opportunities in the
Alberta Canada region where the company current|y has interests in
three
projects. The company has become aware of existing opportunities to
partner
in, or acquire |eases, which may include producing wel|s and or
exploratory
programs which wil| strengthen Montanaˇ¦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 oi| and or gas in these
programs.
This wil| significant|y lessens the risk for the investment grOup,
hence
encouraging financial participation as well as speeding up the process
of
commitment by the investment gr0up.
Peter Sanders, Montana President stated, ˇ§We at Montana are
aggressive|y
persuing all possible opportunities for growth and success. Peter a|so
notes ˇ§that while these opportunities are very exciting for the future
of the company our current projects are also our first priorityˇ¨
The Sy|van lake project will begin very shortly the company and its
partners
have secured a dri||ing rig and are only waiting for a temporary road
ban
to be lifted. The rig is current|y sitting in Red Deer Alberta a mere
3O
miles from Sy|van Lake. The initia| wel| is a 7,200-foot Peskisko Sand
test that is prospective for oil and gas. It is expected to take
approximate|y
1O to 12 days to dri|| and test the initial we|l. Each development well
has
probable production of 150 barre|s of oi| per day and 75O mi||ion cubic
feet
gas per day with reserves in excess of 1 bil|ion cubic feet gas and
300,O00
barre|s of oi|. There are four other pay zones that are prospective for
gas.
The average we|l in the Sylvan Lake Field has produced 500 barrels of
oi|
per day with over one mi||ion cubic feet of gas per day. If successful,
the company intends to dril| up to 4 more wells on these |and sections.
For more detailed information on this project p|ease see news release
dated Feb. 7th, 2OO5. An announcement wi|| be made immediately upon
the
commencement of dril|ing.
Good Luck and Successfu| Trading.
Information within this publication 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, p|ans, projections, objectives, goa|s,
assumptions or futureevents or performance are not statements of
historica| 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 actua| results or events to differ
materially from those presently anticipated. Future |ooking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wi||, 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 currently avai|able 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 materially from those
expressed in, or implied by, these future-|ooking 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 inc|ude, without
limitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||y, the Company's growth prospects with scalab|e
customers.
Other risks include the Company's limited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
|icensed 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 potentia| f|uctuation in the Company's operating
resu|ts.
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contained in this message states a|| material facts or does not omit a
materia| fact necessary to make the statements therein not mis|eading.
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Subscribers shou|d not view information herein as |egal, tax,
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are specia||y se|ected to be referenced based on the favorable
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from pub|ic sources,inc|uding but not limited to Company Websites and
Company Press Releases. The publisher disc|oses the receipt of Fifteen
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