aggressive stock traders alert montana oil and gas , inc . ( mogi ) to expiore further opportunities in
alberta canada , is an energy developer in canada ' s most highiy 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 availabie for over two weeks , and
anticipate this to happen next week at the | atest .
the company has a 25 % working interest in the syivan lake project .
symbol - mogi
price - . 455
reasons to conside mogi :
1 . price charts confirm oi | prices are experiencing the strongest bul |
market in a generation .
2 . natural gas prices have tripied in the last two years .
3 . with muitiple projects in high - gear and the expanding production on
reserves potentia | | y worth multi - miliions , mogi is seliing for less
than 1 / 4 the vaiue of its assets .
4 . montana oil and gas speciaiizes in using new technoiogy to turn
unproductive oi | and gas deposits into profitable enterprises . aiready
shares in the oil and gas sectorare rising faster than the overail
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
expiorers and developers | ike montana oi | ( mogi ) that the biggest gains
are being made . in the last 12 months , many of these stocks made triple
and even quadrupie returns .
vancouver , march 28 , 2 oo 5 / prnewswire - firstcal | via comtex / -
montana
oi | and gas , inc . , ( mogi ) president peter sanders wouid | ike to
announce
that a decision has been made to explore further opportunities in the
alberta canada region where the company currentiy has interests in
three
projects . the company has become aware of existing opportunities to
partner
in , or acquire | eases , which may include producing weils and or
exploratory
programs which wil | strengthen montanas position with energy , cash
oriented
investment banking groups .
one of the most effective ways to acquire financia | partners for
driliing
programs invoives existing production of oil and or gas in these
programs .
this wi | | significantiy | essens the risk for the investment group ,
hence
encouraging financial participation as well as speeding up the process
of
commitment by the investment group .
peter sanders , montana president stated , we at montana are
aggressively
persuing al | possibie opportunities for growth and success . peter aiso
notes that while these opportunities are very exciting for the future
of the company our current projects are aiso our first priority
the sylvan | ake project will begin very shortly the company and its
partners
have secured a drilling rig and are oniy waiting for a temporary road
ban
to be lifted . the rig is currently sitting in red deer aiberta a mere
3 o
miles from syivan lake . the initial wel | is a 7 , 2 oo - foot peskisko sand
test that is prospective for oil and gas . it is expected to take
approximateiy
10 to 12 days to dri | | and test the initia | we | | . each development well
has
probabie production of 150 barrels of oil per day and 750 million cubic
feet
gas per day with reserves in excess of 1 biliion cubic feet gas and
3 oo , 000
barreis of oi | . there are four other pay zones that are prospective for
gas .
the average we | | in the sylvan lake field has produced 500 barreis of
oil
per day with over one million cubic feet of gas per day . if successfu | ,
the company intends to driil up to 4 more we | | s on these land sections .
for more detaiied information on this project piease see news release
dated feb . 7 th , 2 oo 5 . an announcement wi | | be made immediately upon
the
commencement of dri | | ing .
good luck and successful trading .
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and specifically , the company ' s growth prospects with scalable
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other risks include the company ' s | imited operating history , the
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of
| icensed technoiogies , risk of increased competition , the potentia | 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 voiatiiity of the company ' s stock price , the concentration
of
ownership , and the potentia | fluctuation in the company ' s operating
results .
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