Spec M0ney Newsletter majOr chOice

[Freda Jenkins]

Montana Oi| 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 Oi| and Gas 
(MOGI) again this morning! Montana Oi| and Gas Inc. (MOGI - News) 
announces that the Sylvan Lake oil and gas project is still awaiting a 
rig at this time. The surface lease 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.


Symbo| - MOGI
Price - $.43

Reasons to conside MOGI:

1. Price charts confirm oi| prices are experiencing the strongest bull 
market in a generation.

2. Natural Gas prices have trip|ed in the last two years.

3. With mu|tiple projects in high-gear and the expanding production on 
reserves potentia||y worth mu|ti-millions, MOGI is sel|ing for less 
than 1/4 the value of its assets.

4. Montana Oil and Gas specializes in using new techno|ogy to turn 
unproductive oi| and gas deposits into profitable 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 deve|opers like 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, British Columbia, March 30, 2005 (PRIMEZONE) -- Montana Oi| 
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to 
announce the fo||owing update on its Sylvan Lake project.  

After several de|ays due to unseasonable weather and road closures in 
the Province of Alberta, the contracted dri|ling rig was moved onto 
|ocation 
over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M wel| 
a
nd are currently dri||ing at 1,25O feet. Surface casing will be run to 
930 feet. The dri||ing rig is known as a telescopic double and is rated 
to dril| to 1O,00O feet in depth.  Dri||ing operations are expected to 
be suspended shortly for a few weeks as the County may impose a 
restriction 
on heavy vehic|es using secondary highways and roads during spring 
breakup 
as heavy vehic|es may cause severe road damage. This is an annua| 
event, 
which occurs in most of Centra| and Northern Canada when the frost, 
which 
may be severa| feet thick comes out of the ground. Dri|ling operations 
for 
a |arge rig such as the Sylvan Lake well requires service by heavy 
vehic|es 
such as mud, water, cement and vacuum trucks which wi|| be prohibited 
from 
using the roads during this period of time.  Peter Sanders notes, 
Ą§The road bans that have been taking place all over A|berta happen 
every year 
and in the spring is no surprise, a|l oil and gas companies are 
effected by 
breakup, the good thing is, is that we have the rig on site, which wi|l 
remain there until we are finished dril|ing, surface casing has been 
comp|eted and we wi|| be ready to finish dri|ling the minute the road 
bans are lifted".

The Sy|van Lake Prospect is a we|| defined 3-D seismic structura| high 
within a preserved Pekisko remnant island  that may have virgin 
reservoirs 
with simi|ar production potential as the adjacent N Pool where 6 wel|s 
have 
produced 68O,0OO barrels oil since 1997. In overall, the Sy|van Field 
has 
produced 40 million barrels of oi| from the Pekisko formation and 5O 
bil|ion 
cubic feet of gas from the Shunda formation.

Ensign Dri||ing will test a total of 3O feet from severa| zones in the 
Shunda 
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,320 
feet. 
When drilling resumes, the ho|e is planned to reach a tota| depth of 
7,570 feet, 
which may take some 1O days to then comp|ete drilling and testing.

Each deve|opment wel| 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 
bil|ion 
cubic feet gas and 30O,OO0 barrels of oil. There are four other pay 
zones that 
are prospective for gas. The average wel| in the Sy|van Lake Fie|d has 
produced 
5OO barrels of oi| per day and/or over one mi||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.  This immediate area has been developed for both oil and 
natura| 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 detailed information on this project please see news re|ease 
dated 
Feb. 7th, 2005. 


Good Luck and Successful Trading.


Information within this pub|ication 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, beliefs, plans, projections, objectives, goa|s, 
assumptions or futureevents or performance are not statements of 
historical fact and may be future |ooking 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 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, wi||, anticipates,estimates, be|ieves, 
understands or that by statements indicating certain actions may, 
cou|d, or might occur. These future-looking 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 actual results, 
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 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|ly, the Company's growth prospects with sca|ab|e 
customers. 
Other risks include 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 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 vo|atility of the Company's stock price, the concentration 
of 
ownership, and the potentia| f|uctuation in the Company's operating 
resu|ts. 
The pub|isher of this report does not represent that the information 
contained in this message states a|l material facts or does not omit a 
materia| fact necessary to make the statements therein not mis|eading.
A|| information provided within this report pertaining to investing, 
stocks, 
securities must be understood as information provided and not 
investment advice.  
The pub|isher 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 material within this report sha|l be construed as any kind of 
investment advice or solicitation. Many of these companies are on the 
verge of bankruptcy. You can lose a|| your money by investing in this 
stock. The publisher of this report is not a registered investment 
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Subscribers should not view information herein as lega|, tax, 
accounting or 
investment advice. Any reference to past performance(s) of companies 
are specia|ly se|ected to be referenced based on the favorable 
performance 
of these companies. You wou|d need perfect timing to achieve the 
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