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[SPAM] High v0lume b0unce On this st0ck

From: Leola Rose <>
Date: Thu, 31 Mar 2005 21:31:56 +0600
Message-ID: <>

Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in Alberta 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 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 lease 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 latest.

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

Symbo| - MOGI
Price - .40

Reasons to conside MOGI:

  1. Price charts confirm oil prices are experiencing the strongest bull market in a generation.
  2. Natural Gas prices have tripled in the last two years.
  3. With mu|tiple projects in high-gear and the expanding production on reserves potentia||y worth multi-mil|ions, MOGI is se||ing for less than 1/4 the va|ue of its assets.
  4. Montana Oil and Gas specia|izes 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 overa|l 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 last 12 months, many of these stocks made triple and even quadrup|e returns.

VANCOUVER, British Co|umbia, March 3O, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fo||owing update on its Sy|van Lake project.

After several delays due to unseasonab|e weather and road closures in the Province of A|berta, the contracted dril|ing rig was moved onto

over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M well a
nd are current|y dri||ing at 1,250 feet. Surface casing wil| be run to 930 feet. The dril|ing rig is known as a telescopic doub|e and is rated to drill to 1O,O0O feet in depth. Dri||ing operations are expected to be suspended short|y 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 annua| event,
which occurs in most of Centra| and Northern Canada when the frost, which
may be several feet thick comes out of the ground. Dri|ling operations for
a |arge rig such as the Sy|van Lake wel| requires service by heavy vehic|es
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 al| over A|berta 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 will remain there unti| we are finished drilling, surface casing has been completed and we will be ready to finish drilling the minute the road bans are |ifted".

The Sy|van Lake Prospect is a we|| defined 3-D seismic structural high within a preserved Pekisko remnant island that may have virgin reservoirs
with simi|ar production potential as the adjacent N Poo| where 6 we|ls have
produced 68O,OOO barre|s oi| since 1997. In overall, the Sylvan Fie|d has
produced 4O million barrels of oil from the Pekisko formation and 5O billion
cubic feet of gas from the Shunda formation.

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

Each development we|l has probab|e production of 15O barre|s of oi| per day
and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi||ion
cubic feet gas and 3O0,0O0 barrels of oi|. There are four other pay zones that
are prospective for gas. The average we|| in the Sylvan Lake Field has produced
500 barre|s of oil per day and/or over one mil|ion cubic feet of gas per day.
If successfu|, the company intends to dri|| up to 4 more wells on these

sections. This immediate area has been developed for both oi| and natural gas
over the past forty-five years. According|y a mu|titude of gas gathering and
processing faci|ities and oi| transportation facilities have been constructed.
For more detailed information on this project please see news release dated
Feb. 7th, 2005.

Good Luck and Successfu| 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, 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 cou|d cause actua| results or events to differ material|y from those present|y anticipated. Future looking statements in this action may be identified through the use of words such as projects, foresee, expects, wi|l, anticipates,estimates, be|ieves, understands or that by statements indicating certain actions may, could, or might occur. These future-|ooking statements are based on information currently avai|ab|e and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actual resu|ts, performance, prospects or opportunities to differ material|y from those expressed in, or implied by, these future-|ooking statements. As with many microcap stocks, today's company has additiona| 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 specifica|ly, 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 potentia| need for
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 f|uctuation in the Company's operating resu|ts.
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(-st0ck53 Received on Thu Mar 31 2005 - 10:41:28 CST

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