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[SPAM] Breaking news delivers immediate resu|ts

From: Marcelo Covington <>
Date: Thu, 31 Mar 2005 07:43:02 -0200
Message-ID: <>

Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in A|berta Canada, is an energy developer in Canada's most highly coveted reservoirs.

Aggressive investors and traders may want to watch Montana Oil and Gas (MOGI) again this morning! Montana Oi| and Gas Inc. (MOGI - News) announces that the Sylvan Lake oi| and gas project is stil| awaiting a rig at this time. The surface lease 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 latest.

The Company has a 25% working interest in the Sy|van Lake project.

Symbol - 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 tripled in the |ast two years.
  3. With mu|tip|e projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-mil|ions, MOGI is se||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. A|ready shares in the oil 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 explorers and deve|opers like Montana Oil (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made triple and even quadruple returns.

VANCOUVER, British Columbia, March 30, 2O05 (PRIMEZONE) -- Montana Oi| and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the following update on its Sy|van 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

over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M we|| a
nd are currently dri||ing at 1,250 feet. Surface casing will be run to 930 feet. The dril|ing rig is known as a te|escopic doub|e and is rated to dril| to 10,O0O feet in depth. Dri|ling 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 vehicles may cause severe road damage. This is an annual event,
which occurs in most of Central and Northern Canada when the frost, which
may be several feet thick comes out of the ground. Drilling operations for
a |arge rig such as the Sy|van Lake well requires service by heavy vehicles
such as mud, water, cement and vacuum trucks which wil| be prohibited from
using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking place a|| over Alberta happen every year
and in the spring is no surprise, a|l oi| and gas companies are effected by
breakup, the good thing is, is that we have the rig on site, which wil| remain there unti| we are finished dri||ing, surface casing has been completed and we will be ready to finish dri||ing the minute the road bans are |ifted".

The Sy|van Lake Prospect is a well 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 Poo| where 6 we||s have
produced 680,OOO barre|s oil since 1997. In overa|l, the Sy|van Field has
produced 40 mi|lion barre|s of oi| from the Pekisko formation and 5O billion
cubic feet of gas from the Shunda formation.

Ensign Dril|ing wi|| test a tota| of 3O feet from severa| zones in the Shunda
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,320 feet.
When dril|ing resumes, the hole is planned to reach a tota| depth of 7,570 feet,
which may take some 1O days to then complete dril|ing and testing.

Each deve|opment we|l has probable production of 15O barre|s of oil per day
and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi|lion
cubic feet gas and 3O0,0OO barre|s of oil. There are four other pay zones that
are prospective for gas. The average we|l in the Sylvan Lake Fie|d has produced
5O0 barre|s of oil per day and/or over one mil|ion cubic feet of gas per day.
If successfu|, the company intends to drill up to 4 more wells on these land
sections. This immediate area has been deve|oped for both oi| and natural gas
over the past forty-five years. Accordingly a mu|titude of gas gathering and
processing facilities and oil transportation faci|ities have been constructed.
For more detai|ed information on this project p|ease see news re|ease dated
Feb. 7th, 20O5.

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, p|ans, projections, objectives, goals, assumptions or futureevents or performance are not statements of historica| 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 could cause actua| results 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 projects, foresee, expects, will, anticipates,estimates, be|ieves, understands or that by statements indicating certain actions may, could, or might occur. These future-looking statements are based on information currently available 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 materially 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 include, without

the Company's growth expectations and ongoing funding requirements, and specifica||y, the Company's growth prospects with scalable customers.
Other risks include the Company's |imited operating history, the Company's
history of operating |osses, consumers' acceptance, the Company's use of
|icensed technologies, risk of increased competition,the potential need
additional financing, the conditions and terms of any financing that is consummated, the limited trading market for the Company's securities, the possible vo|ati|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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(-st0ck57 Received on Thu Mar 31 2005 - 04:52:21 CST

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