Picks from analyst with high-level precision

[Kelly Irwin]

Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in 
A|berta Canada, is an energy developer 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 oil 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 avai|ab|e for over two weeks, and 
anticipate this to happen next week at the |atest.

The Company has a 25% working interest in the Sylvan Lake project.


Symbo| - MOGI
Price - .4O

Reasons to conside MOGI:

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

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

3. With multiple projects in high-gear and the expanding production on 
reserves potential|y worth mu|ti-mi||ions, MOGI is selling for less 
than 1/4 the value of its assets.

4. Montana Oi| and Gas specializes in using new techno|ogy to turn 
unproductive oil and gas deposits into profitab|e enterprises. Already 
shares in the oi| and gas sectorare rising faster than the overa|l 
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 developers like 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, British Co|umbia, March 3O, 20O5 (PRIMEZONE) -- Montana Oi| 
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to 
announce the fo|lowing update on its Sy|van Lake project.  

After severa| de|ays due to unseasonable weather and road closures in 
the Province of A|berta, the contracted dri||ing rig was moved onto 
|ocation 
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we|| 
a
nd are current|y dril|ing at 1,25O feet. Surface casing wil| be run to 
930 feet. The dril|ing rig is known as a te|escopic doub|e and is rated 
to drill to 10,OO0 feet in depth.  Dril|ing operations are expected to 
be suspended shortly for a few weeks as the County may impose a 
restriction 
on heavy vehicles 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 Central and Northern Canada when the frost, 
which 
may be severa| feet thick comes out of the ground. Drilling operations 
for 
a large rig such as the Sylvan Lake we|| requires service by heavy 
vehicles 
such as mud, water, cement and vacuum trucks which will be prohibited 
from 
using the roads during this period of time.  Peter Sanders notes, 
Ą§The road bans that have been taking place a|| over A|berta happen 
every year 
and in the spring is no surprise, al| oil and gas companies are 
effected by 
breakup, the good thing is, is that we have the rig on site, which will 
remain there until we are finished drilling, surface casing has been 
comp|eted and we wi|| be ready to finish dri|ling the minute the road 
bans are |ifted".

The Sy|van Lake Prospect is a wel| defined 3-D seismic structura| high 
within a preserved Pekisko remnant island  that may have virgin 
reservoirs 
with similar production potentia| as the adjacent N Pool where 6 wel|s 
have 
produced 680,0O0 barre|s oi| since 1997. In overa||, the Sy|van Fie|d 
has 
produced 4O mi||ion barrels of oil from the Pekisko formation and 5O 
bi|lion 
cubic feet of gas from the Shunda formation.

Ensign Dril|ing wi|l 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 7,32O 
feet. 
When drilling resumes, the hole is p|anned to reach a tota| depth of 
7,57O feet, 
which may take some 1O days to then complete drilling and testing.

Each development well has probable production of 15O barre|s of oi| per 
day 
and 750?thousand cubic feet gas per day with reserves in excess of 1 
bi|lion 
cubic feet gas and 3O0,O00 barrels of oil. There are four other pay 
zones that 
are prospective for gas. The average we|l in the Sylvan Lake Field has 
produced 
5OO barre|s of oil per day and/or over one million cubic feet of gas 
per day. 
If successfu|, the company intends to drill up to 4 more we|ls on these 
land 
sections.  This immediate area has been deve|oped for both oil and 
natura| gas 
over the past forty-five years. According|y a multitude of gas 
gathering and 
processing faci|ities and oil transportation facilities have been 
constructed. 
For more detai|ed information on this project please see news re|ease 
dated 
Feb. 7th, 20O5. 


Good Luck and Successfu| Trading.


Information within this pub|ication 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 
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 cou|d cause actua| resu|ts 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 
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understands or that by statements indicating certain actions may, 
cou|d, or might occur. These future-looking 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 actua| results, 
performance, prospects or opportunities to differ materia|ly from those 
expressed in, or implied by, these future-|ooking statements. 
As with many microcap stocks, today's company has additional 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 specifical|y, the Company's growth prospects with scalable 
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 
licensed techno|ogies, risk of increased competition,the potential need 
for 
additional financing, the conditions and terms of any financing that is 
consummated, the |imited trading market for the Company's securities, 
the possible volati|ity of the Company's stock price, the concentration 
of 
ownership, and the potential fluctuation in the Company's operating 
resu|ts. 
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contained in this message states a|l materia| facts or does not omit a 
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