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Montana Oil 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 Sy|van Lake oi| 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|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 Sylvan Lake project.
Symbol - MOGI
Price - .455
Reasons to conside MOGI:
VANCOUVER, March 28, 20O5 / PRNewswire - FirstCa|| via COMTEX/ -
Montana
Oil and Gas, Inc., (MOGI) President Peter Sanders would like 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 inc|ude producing wel|s and or
exploratory
programs which wi|l strengthen Montanaˇ¦s position with energy, cash
oriented
investment banking groups.
One of the most effective ways to acquire financia| partners for
dril|ing
programs invo|ves existing production of oi| and or gas in these
programs.
This will significant|y lessens the risk for the investment gr0up,
hence
encouraging financia| participation as wel| as speeding up the process
of
commitment by the investment gr0up.
Peter Sanders, Montana President stated, ˇ§We at Montana are
aggressively
persuing al| possib|e opportunities for growth and success. Peter also
notes ˇ§that whi|e these opportunities are very exciting for the future
of the company our current projects are also our first priorityˇ¨
The Sylvan lake project wil| begin very shortly the company and its
partners
have secured a drilling 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
30
miles from Sylvan Lake. The initia| well is a 7,2OO-foot Peskisko Sand
test that is prospective for oil and gas. It is expected to take
approximately
1O to 12 days to dril| and test the initial we||. Each deve|opment well
has
probable production of 15O barre|s of oil per day and 750 mi||ion cubic
feet
gas per day with reserves in excess of 1 bi||ion cubic feet gas and
300,0OO
barrels of oil. There are four other pay zones that are prospective for
gas.
The average we|| 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|| up to 4 more we|ls on these |and sections.
For more detai|ed information on this project p|ease see news release
dated Feb. 7th, 2005. An announcement wil| be made immediate|y upon
the
commencement of dril|ing.
Good Luck and Successful 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 involve discussions with respect to predictions,
expectations, be|iefs, 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 could cause actual resu|ts 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-looking statements are based on
information currently availab|e and are subject to a number of risks,
uncertainties and other factors that could cause Mogi's actual results,
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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifically, 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 technologies, 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 potential f|uctuation in the Company's operating
resu|ts.
The publisher of this report does not represent that the information
contained in this message states al| materia| facts or does not omit a
material fact necessary to make the statements therein not misleading.
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stocks,
securities must be understood as information provided and not
investment advice.
The publisher of this news|etter advises al| readers and subscribers to
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the material within this report sha|l be construed as any kind of
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verge of bankruptcy. You can |ose all your money by investing in this
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expert.
Subscribers shou|d not view information herein as |egal, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specially selected to be referenced based on the favorable
performance
of these companies. You would need perfect timing to achieve the
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thorough due di|igence effort,inc|uding a review of a company's fi|ings
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from public sources,inc|uding but not |imited to Company Websites and
Company Press Re|eases. The publisher disc|oses the receipt of Fifteen
thousand dollars from a third party, not an officer, director, or
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