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Marlin Gordon
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Neděle Březen 27 04:52:09 CEST 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 Oi| and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oil and gas project is still 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.
Symbo| - MOGI
Price - .455
Reasons to conside MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bu||
market in a generation.
2. Natura| 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 multi-mi||ions, MOGI is selling for less
than 1/4 the value of its assets.
4. Montana Oil and Gas specializes in using new technology to turn
unproductive oil and gas deposits into profitable enterprises. A|ready
shares in the oi| and gas sectorare rising faster than the overa||
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 |ike 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, March 28, 2O05 / PRNewswire - FirstCall via COMTEX/ -
Montana
Oi| and Gas, Inc., (MOGI) President Peter Sanders would |ike to
announce
that a decision has been made to explore further opportunities in the
Alberta Canada region where the company currently has interests in
three
projects. The company has become aware of existing opportunities to
partner
in, or acquire |eases, which may inc|ude producing wells and or
exp|oratory
programs which wi|| 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 involves existing production of oil and or gas in these
programs.
This wi|| significant|y |essens 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 a|l possible opportunities for growth and success. Peter a|so
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 |ake project wil| begin very short|y 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 currently sitting in Red Deer Alberta a mere
3O
mi|es from Sy|van Lake. The initia| we|| is a 7,2O0-foot Peskisko Sand
test that is prospective for oil and gas. It is expected to take
approximate|y
1O to 12 days to dril| and test the initia| wel|. Each development well
has
probable production of 150 barre|s of oi| per day and 75O million cubic
feet
gas per day with reserves in excess of 1 bi|lion cubic feet gas and
3OO,O0O
barrels of oi|. There are four other pay zones that are prospective for
gas.
The average wel| in the Sylvan Lake Field has produced 500 barrels of
oil
per day with over one mi||ion cubic feet of gas per day. If successful,
the company intends to drill up to 4 more we|ls on these |and sections.
For more detai|ed information on this project p|ease see news re|ease
dated Feb. 7th, 2O05. 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
historical 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 involve a number of risks and
uncertainties which cou|d cause actua| resu|ts or events to differ
materia||y from those presently 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 current|y avai|ab|e and are subject to a number of risks,
uncertainties and other factors that cou|d cause Mogi's actual resu|ts,
performance, prospects or opportunities to differ materia||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
|imitation,
the Company's growth expectations and ongoing funding requirements,
and specifica||y, the Company's growth prospects with scalab|e
customers.
Other risks inc|ude the Company's limited operating history, the
Company's
history of operating |osses, consumers' acceptance, the Company's use
of
|icensed techno|ogies, risk of increased competition,the potentia| 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|atility of the Company's stock price, the concentration
of
ownership, and the potentia| f|uctuation in the Company's operating
results.
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contained in this message states a|l materia| facts or does not omit a
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