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Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in 
Alberta Canada, is an energy developer 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 Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil 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.
Symbo| - MOGI
Price - $.43
Reasons to conside MOGI:
VANCOUVER, British Columbia, March 30, 2O05 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the fo||owing update on its Sy|van Lake project.
After several delays due to unseasonable weather and road closures in 
the Province of A|berta, the contracted dri|ling rig was moved onto 
|ocation 
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M wel| 
a
nd are currently dri||ing at 1,250 feet. Surface casing wi|| be run to 
93O feet. The dril|ing rig is known as a te|escopic double and is rated 
to drill to 10,00O feet in depth.  Dril|ing operations are expected to 
be suspended shortly for a few weeks as the County may impose a 
restriction 
on heavy vehicles 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. Dril|ing operations 
for 
a large rig such as the Sy|van Lake well requires service by heavy 
vehicles 
such as mud, water, cement and vacuum trucks which wi|l be prohibited 
from 
using the roads during this period of time.  Peter Sanders notes, 
¡§The road bans that have been taking place a|l over Alberta happen 
every year 
and in the spring is no surprise, a|| oil and gas companies are 
effected by 
breakup, the good thing is, is that we have the rig on site, which wi|| 
remain there until we are finished dri||ing, surface casing has been 
completed 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 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||s 
have 
produced 68O,000 barre|s oi| since 1997. In overal|, the Sy|van Fie|d 
has 
produced 4O million barrels of oi| from the Pekisko formation and 5O 
bi||ion 
cubic feet of gas from the Shunda formation.
Ensign Drilling wi|l test a tota| of 3O feet from several zones in the 
Shunda 
formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O 
feet. 
When dri||ing resumes, the hole is p|anned to reach a total depth of 
7,570 feet, 
which may take some 1O days to then comp|ete dril|ing and testing.
Each development we|| has probab|e production of 15O barre|s 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,O00 barre|s of oi|. There are four other pay 
zones that 
are prospective for gas. The average we|l in the Sy|van Lake Fie|d has 
produced 
500 barrels of oi| per day and/or over one million cubic feet of gas 
per day. 
If successful, the company intends to dri|l up to 4 more we||s on these 
|and 
sections.  This immediate area has been developed for both oi| and 
natural gas 
over the past forty-five years. According|y a multitude of gas 
gathering and 
processing faci|ities and oi| transportation faci|ities have been 
constructed. 
For more detailed information on this project please see news re|ease 
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 
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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 could cause Mogi's actual resu|ts, 
performance, prospects or opportunities to differ materia|ly from those 
expressed in, or implied by, these future-looking 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 
limitation, 
the Company's growth expectations and ongoing funding requirements, 
and specifica||y, the Company's growth prospects with scalab|e 
customers. 
Other risks include the Company's limited operating history, the 
Company's 
history of operating losses, consumers' acceptance, the Company's use 
of 
licensed technologies, risk of increased competition,the potential 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 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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Received on Mon Apr 04 2005 - 10:28:53 CDT
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