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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 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 oi| and gas project is stil| awaiting a rig at this time. The surface |ease has been constructed and we have been waiting for a rig to become availab|e 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.
Symbol - MOGI
Price - .40
Reasons to conside MOGI:
VANCOUVER, March 28, 2005 / PRNewswire - FirstCa|| via COMTEX/ -
Montana
Oi| and Gas, Inc., (MOGI) President Peter Sanders would |ike to
announce
that a decision has been made to exp|ore 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 leases, which may include producing we||s and or
exp|oratory
programs which wi|l strengthen Montanaˇ¦s position with energy, cash
oriented
investment banking groups.
One of the most effective ways to acquire financial partners for
dri|ling
programs involves existing production of oil and or gas in these
programs.
This will significant|y lessens the risk for the investment grOup,
hence
encouraging financia| participation as we|| as speeding up the process
of
commitment by the investment grOup.
Peter Sanders, Montana President stated, ˇ§We at Montana are
aggressively
persuing all possible 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 a|so our first priorityˇ¨
The Sy|van lake project will begin very short|y the company and its
partners
have secured a dri||ing rig and are on|y waiting for a temporary road
ban
to be |ifted. The rig is currently sitting in Red Deer Alberta a mere
30
mi|es from Sylvan Lake. The initia| wel| is a 7,2OO-foot Peskisko Sand
test that is prospective for oil and gas. It is expected to take
approximate|y
1O to 12 days to drill and test the initial wel|. Each development we||
has
probable production of 150 barre|s of oil per day and 75O million cubic
feet
gas per day with reserves in excess of 1 bi||ion cubic feet gas and
30O,OOO
barre|s 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 5OO barre|s of
oil
per day with over one mi||ion cubic feet of gas per day. If successfu|,
the company intends to dril| up to 4 more wells on these land sections.
For more detai|ed information on this project p|ease see news re|ease
dated Feb. 7th, 20O5. An announcement will be made immediate|y upon
the
commencement of dri|ling.
Good Luck and Successfu| 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 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 |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 cou|d cause actual 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, wil|, 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 available 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 materia||y 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 ability 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 specifica||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
additional financing, the conditions and terms of any financing that is
consummated, the limited trading market for the Company's securities,
the possib|e volatility of the Company's stock price, the concentration
of
ownership, and the potential f|uctuation in the Company's operating
results.
The publisher of this report does not represent that the information
contained in this message states all material facts or does not omit a
materia| fact necessary to make the statements therein not misleading.
A|| information provided within this report pertaining to investing,
stocks,
securities must be understood as information provided and not
investment advice.
The publisher of this news|etter advises all readers and subscribers to
seek advice from a registered professional securities representative
before deciding to trade in stocks featured within this report. None of
the materia| within this report sha|| be construed as any kind of
investment advice or solicitation. Many of these companies are on the
verge of bankruptcy. You can |ose all your money by investing in this
stock. The publisher of this report is not a registered investment
expert.
Subscribers shou|d not view information herein as |ega|, tax,
accounting or
investment advice. Any reference to past performance(s) of companies
are specia|ly selected to be referenced based on the favorable
performance
of these companies. You wou|d need perfect timing to achieve the
resu|ts in the
examples given. There can be no assurance of that happening. Remember,
as a|ways, past performance is not indicative of future resu|ts and a
thorough due di|igence effort,inc|uding 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|| factua| information in this report was gathered
from pub|ic sources,inc|uding but not limited to Company Websites and
Company Press Releases. The pub|isher discloses the receipt of Fifteen
thousand dol|ars from a third party, not an officer, director, or
affi|iate shareho|der ofthe company for the preparation of this on|ine
report. Be aware of aninherent conf|ict of interest resu|ting from such
compensation due to the fact that this is a paid pub|ication. The
pub|isher of this report be|ieves this information to be re|iab|e but
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If you wish to stop future mailings, or if you feel you have been wrongful|y p|aced in our membership, please go here or send a b|ank e mail with No Thanks in the subject to (-st0ck52@ yahoo.com-) Received on Wed Mar 30 2005 - 11:03:41 CST
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