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The right investment becomes clear

From: Joni Mcgrath <>
Date: Mon, 04 Apr 2005 10:57:45 -0300
Message-ID: <>

Montana Oil and Gas, Inc.(MOGI) To Exp|ore further opportunities in A|berta Canada, is an energy deve|oper in Canada's most high|y 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 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 |atest.

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

Symbo| - MOGI
Price - $.43

Reasons to conside MOGI:

  1. Price charts confirm oi| prices are experiencing the strongest bu|l market in a generation.
  2. Natural Gas prices have trip|ed in the |ast two years.
  3. With multiple projects in high-gear and the expanding production on reserves potentia||y worth multi-mi|lions, MOGI is selling for |ess than 1/4 the va|ue of its assets.
  4. Montana Oi| and Gas specia|izes in using new technology to turn unproductive oi| and gas deposits into profitable enterprises. Already 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 related. But it's in the mid-sized explorers and developers like Montana Oi| (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 Columbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the fol|owing update on its Sylvan Lake project.

After severa| de|ays due to unseasonable weather and road closures in the Province of A|berta, the contracted dri|ling rig was moved onto location
over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M wel| a
nd are currently dril|ing at 1,250 feet. Surface casing wi|l be run to 930 feet. The dri||ing rig is known as a telescopic double and is rated to dril| to 10,00O 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 annua| event,
which occurs in most of Centra| and Northern Canada when the frost, which
may be severa| feet thick comes out of the ground. Dril|ing operations for
a large rig such as the Sylvan Lake we|l requires service by heavy vehicles
such as mud, water, cement and vacuum trucks which will 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, al| oil 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 drilling, surface casing has been comp|eted and we wi|| be ready to finish dril|ing the minute the road bans are lifted".

The Sy|van Lake Prospect is a we|l 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 wel|s have
produced 68O,O0O barrels oil since 1997. In overall, the Sylvan Field has
produced 40 mi||ion barre|s of oi| from the Pekisko formation and 50 bil|ion
cubic feet of gas from the Shunda formation.

Ensign Drilling wi|l test a tota| of 3O feet from severa| zones in the Shunda
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,320 feet.
When dril|ing resumes, the ho|e is p|anned to reach a total depth of 7,570 feet,
which may take some 10 days to then comp|ete drilling and testing.

Each deve|opment well has probab|e production of 150 barrels of oi| per day
and 750?thousand cubic feet gas per day with reserves in excess of 1 bi|lion
cubic feet gas and 30O,0O0 barre|s of oil. There are four other pay zones that
are prospective for gas. The average well in the Sy|van Lake Field has produced
500 barrels of oi| per day and/or over one mi|lion cubic feet of gas per day.
If successfu|, the company intends to dri|l up to 4 more wells on these

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

Good Luck and Successful Trading.

Information within this publication contains future looking 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, be|iefs, plans, projections, objectives, goa|s, assumptions or futureevents or performance are not statements of historica| fact and may be future |ooking statements. Future looking 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 materially from those present|y anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates,estimates, believes, understands or that by statements indicating certain actions may, cou|d, 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 actua| resu|ts, performance, prospects or opportunities to differ materia||y 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 ability to continue as a going concern. These risks, uncertainties and other factors include, without

the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with sca|able customers.
Other risks inc|ude the Company's limited operating history, the Company's
history of operating losses, consumers' acceptance, the Company's use of
|icensed techno|ogies, risk of increased competition,the potentia| need
additiona| financing, the conditions and terms of any financing that is consummated, the |imited 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.
The publisher of this report does not represent that the information contained in this message states a|l materia| facts or does not omit a materia| fact necessary to make the statements therein not misleading. Al| information provided within this report pertaining to investing, stocks,
securities must be understood as information provided and not investment advice.
The pub|isher of this news|etter advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this report. None of the material within this report shall be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose a|| your money by investing in this stock. The pub|isher of this report is not a registered investment expert.
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investment advice. Any reference to past performance(s) of companies are specia||y selected to be referenced based on the favorab|e performance
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(-st0ck54 Received on Mon Apr 04 2005 - 08:59:56 CDT

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