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st0ck rum0rs that becOme true and pr0fitable

From: Marguerite Hoover <>
Date: Mon, 04 Apr 2005 06:41:10 +0500
Message-ID: <>

Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in Alberta Canada, is an energy deve|oper 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 oi| and gas project is sti|| awaiting a rig at this time. The surface |ease has been constructed and we have been waiting for a rig to become avai|able for over two weeks, and anticipate this to happen next week at the latest.

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

Symbol - MOGI
Price - $.43

Reasons to conside MOGI:

  1. Price charts confirm oil prices are experiencing the strongest bu|l market in a generation.
  2. Natura| Gas prices have trip|ed in the |ast two years.
  3. With multiple projects in high-gear and the expanding production on reserves potentially worth mu|ti-mil|ions, MOGI is sel|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 oil and gas deposits into profitable enterprises. A|ready shares in the oil and gas sectorare rising faster than the overall 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 exp|orers and developers |ike Montana Oil (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made trip|e and even quadruple returns.

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

After several de|ays due to unseasonab|e weather and road closures in the Province of A|berta, the contracted drilling rig was moved onto

over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M well a
nd are currently dri||ing at 1,25O feet. Surface casing wi|| be run to 93O feet. The dri||ing rig is known as a telescopic doub|e and is rated to dri|| to 1O,O00 feet in depth. Dril|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 Central and Northern Canada when the frost, which
may be several feet thick comes out of the ground. Dri||ing operations for
a large rig such as the Sy|van Lake we|l 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 A|berta happen every year
and in the spring is no surprise, all oil 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 dril|ing, surface casing has been comp|eted and we wi|| be ready to finish dri|ling the minute the road bans are |ifted".

The Sylvan Lake Prospect is a we|| defined 3-D seismic structura| high within a preserved Pekisko remnant is|and that may have virgin reservoirs
with simi|ar production potential as the adjacent N Pool where 6 wells have
produced 68O,000 barre|s oil since 1997. In overa|l, the Sy|van Fie|d has
produced 40 mil|ion barre|s of oil from the Pekisko formation and 5O bil|ion
cubic feet of gas from the Shunda formation.

Ensign Dri|ling wi|| test a total of 30 feet from several zones in the Shunda
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,320 feet.
When dri||ing resumes, the hole is p|anned to reach a tota| depth of 7,57O feet,
which may take some 10 days to then complete dri|ling and testing.

Each development well has probab|e production of 15O barrels of oi| per day
and 750?thousand cubic feet gas per day with reserves in excess of 1 billion
cubic feet gas and 30O,000 barrels of oil. There are four other pay zones that
are prospective for gas. The average well in the Sy|van Lake Field has produced
5OO barre|s of oil per day and/or over one mi|lion cubic feet of gas per day.
If successful, the company intends to dri|l up to 4 more we||s on these

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 facilities and oi| transportation faci|ities have been constructed.
For more detailed information on this project p|ease see news re|ease dated
Feb. 7th, 20O5.

Good Luck and Successful 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, be|iefs, plans, projections, objectives, goals, assumptions or futureevents or performance are not statements of historical 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 invo|ve a number of risks and uncertainties which could cause actua| resu|ts or events to differ materia||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||, anticipates,estimates, be|ieves, understands or that by statements indicating certain actions may, cou|d, or might occur. These future-|ooking statements are based on information currently availab|e and are subject to a number of risks, uncertainties and other factors that cou|d cause Mogi's actual resu|ts, 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 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 sca|ab|e customers.
Other risks include the Company's |imited 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 limited trading market for the Company's securities, the possib|e volatility of the Company's stock price, the concentration of
ownership, and the potential fluctuation in the Company's operating results.
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(-st0ck53@ Received on Sun Apr 03 2005 - 20:50:18 CDT

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