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Montana Oi%I and Gas, Inc.(MOGI) To Exp%Iore further opportunities in
A%Iberta Canada, is an energy deve%Ioper in Canada's most high%Iy coveted
reservoirs.
Aggressive investors and traders may want to watch Montana Oi%I and Gas
(MOGI) again this morning! Montana %OPi%I and Gas Inc. (MOGI - News)
announces that the Sy%Ivan Lake oi%I and gas project is sti%I%I awaiting a
rig at this time. The surface %Iease has been constructed and we have
been waiting for a rig to become avai%Iab%Ie for over two weeks, and
anticipate this to happen next week at the %Iatest.
The Company has a 25% working interest in the Sy%Ivan Lake pr%OPject.
Symbo%I - MOGI
Price - .43
Reasons to conside MOGI:
1. Price charts confirm oi%I prices are experiencing the strongest bu%I%I
market in a generation.
2. Natura%I Gas prices have trip%Ied in the %Iast two years.
3. With mu%Itip%Ie projects in high-gear and the expanding production on
reserves potentia%I%Iy worth mu%Iti-mi%I%Iions, MOGI is se%I%Iing for %Iess
than 1/4 the va%Iue of its assets.
4. Montana %OPi%I and Gas specia%Iizes in using new techno%Iogy to turn
unproductive oi%I and gas deposits into profitab%Ie enterprises. A%Iready
shares in the oi%I and gas sectorare rising faster than the overa%I%I
market. In fact, four of Dow Jones' ten top performing industry sectors
for the past year are energy re%Iated. But it's in the mid-sized
exp%Iorers and deve%Iopers %Iike Montana Oi%I (M%OPgi) that the biggest gains
are being made. In the %Iast 12 months, many of these stocks made trip%Ie
and even quadrup%Ie returns.
VANCOUVER, March 11, 2O%OP5 - (MOGI) Peter Sanders notes: ``With the
prices of oi%I at a%I%I-time highs and with the popu%Iarity of dri%I%Iing in
A%Iberta, Canada, the demand for rig and crew is at an a%I%I-time high as
we%I%I; a%I%I we can do is be patient unti%I a rig is secured. A%I%I permits
are in p%Iace and shareho%Iders wi%I%I be updated once dri%I%Iing begins.''
Montana Oi%I and Gas wi%I%I participate in a minimum 4-we%I%I program, on a
third for a quarter basis, ca%I%Ied Sy%Ivan Lake, %Iocated west of Red
Deer, A%Iberta. Montana Oi%I and Gas' cost per we%I%I is 18%OP,%OP%OP%OP, with
the
first we%I%I to be dri%I%Ied upon rig avai%Iabi%Iity. It is a 7,2%OP%OP-foot
Peskisko Sand test that is prospective for oi%I and in upper pay zone
``Shunda'' for gas. Each deve%Iopment we%I%I has probab%Ie production of a
minimum 15%OP barre%Is of oi%I per day and 75%OP,%OP%OP%OP cubic feet gas per
day
with potentia%I reserves in excess of 1 bi%I%Iion cubic feet gas and
3%OP%OP,%OP%OP%OP barre%Is oi%I. There are five prospective pay zones, the
average
we%I%I in the Sy%Ivan Lake Fie%Id has produced 5%OP%OP barre%Is oi%I per day
with
over one mi%I%Iion cubic feet gas per day
Good Luck and Successfu%I Trading.
Information within this pub%Iication contains future %Iooking 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%Ive discussions with respect to predictions,
expectations, be%Iiefs, p%Ians, projections, objectives, goa%Is,
assumptions or futureevents or performance are not statements of
historica%I fact and may be future %Iooking statements. Future %Iooking
statements are based on expectations, estimates and projections at the
time the statements are made that invo%Ive a number of risks and
uncertainties which cou%Id cause actua%I resu%Its or events to differ
materia%I%Iy from those present%Iy anticipated. Future %Iooking statements
in this action may be identified through the use of words such as
projects, foresee, expects, wi%I%I, anticipates,estimates, be%Iieves,
understands or that by statements indicating certain actions may,
cou%Id, or might occur. These future-%Iooking statements are based on
information current%Iy avai%Iab%Ie and are subject to a number of risks,
uncertainties and other factors that cou%Id cause Mogi's actua%I resu%Its,
performance, prospects or opportunities to differ materia%I%Iy from those
expressed in, or imp%Iied by, these future-%Iooking statements.
As with many microcap stocks, today's company has additiona%I risk
factors
that raise doubt about its abi%Iity to continue as a going concern.
These risks, uncertainties and other factors inc%Iude, without
%Iimitation,
the Company's growth expectations and ongoing funding requirements,
and specifica%I%Iy, the Company's growth prospects with sca%Iab%Ie
customers.
Other risks inc%Iude the Company's %Iimited operating history, the
Company's
history of operating %Iosses, consumers' acceptance, the Company's use
of
%Iicensed techno%Iogies, risk of increased competition,the potentia%I need
for
additiona%I financing, the conditions and terms of any financing that is
consummated,
