Portfolio boost from this moneymaker
YBMLB at keromail.com
Sat May 7 00:13:03 PDT 2005
We are Very Excited about this new upcoming stock about to explode Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in Alberta Canada, is an energy deve|oper in Canada's most high|y coveted reservoirs.
Aggressive investors and traders may want to watch Montana Oi| and Gas again this morning! Montana Oil and Gas Inc. (MOGI - News) announces that the Sy|van Lake oil and gas project is sti|| 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
Current Price - .26
Reasons to consider MOGI:
1. Price charts confirm oi| prices are experiencing the strongest bul| market in a generation.
2. Natura| Gas prices have tripled in the |ast two years.
3. With multiple projects in high-gear and the expanding production on reserves potential|y worth mu|ti-millions, MOGI is sel|ing for less than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specializes in using new technology to turn unproductive oi| and gas deposits into profitab|e enterprises. A|ready shares in the oi| and gas sectorare rising faster than the overa|| 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 deve|opers like Montana Oi| (Mogi) that the biggest gains are being made. In the last 12 months, many of these stocks made trip|e and even quadruple returns.
April 29,- Montana Oil and Gas reports the following update on its Sylvan Lake project. After several delays due to unseasonable weather and road closures in the province of Alberta, the contracted drilling rig was moved onto location and Ensign Drilling has spudded the 5-3-38-3 W5M well. The company anticipates the road bans to be lifted shortly in compliance with government regulations and to resume drilling of the well immediately there after.
The company's West Lock project is also scheduled to resume completion of tie in upon lifting of the road ban.
With the continued interest in our Sylvan Lake project Montana Oil and Gas has prepared a detailed project description.
The Sylvan Lake oil and gas field was discovered in the late 1950's and has produced over 40 million barrels (mbbls) of high quality crude oil and 50 billion cubic feet (bcf) of associated natural gas, predominantly from the Mississippian Pekisko and Shunda formations. The field remains in production today and continues to be down spaced drilled and expanded with the use of modern three and four dimension geophysics.
The original freehold lease on section 3-38-3W5M was leased to a major oil company, as was most of the Sylvan Lake field itself. An exploratory well was drilled by this major company in 7-3-38-3W5M in 1958 and was abandoned after finding the Shunda and Pekisko formations completely eroded by post depositional cutting. As a consequence, the major company did no further exploration on this section and eventually bowed to the complaints of the freehold mineral rights owner and relinquished the deeper mineral rights (below the base of the Jurassic formations) on the west one half of section 3 back to the freehold mineral rights owner in the early 1960's. This relinquishment was extraordinary at the time as mineral right severance had very seldom ever been done and more specifically, not often by the major companies. Accordingly, these mineral rights sat available and dormant until the early 2000's as almost all oil and gas companies thought they were held by the original lessee.
Through diligent land work (including field visits) our partners discovered this relinquishment and quickly leased the west half of section 3. Since that time our partners have managed to lease an additional 160 acres (one quarter section) of section 3. Energy 51 has the right to earn 50% of this prospect (possibly 75%) with the drilling of a test well in 5-3-38-3W5M.
Our partners have secured a 100% working interest in the west half and northeast quarter of section 3-38-3W5M. The land comprises some 480 acres (one section or one square mile equals 640 acres). Primary drilling spacing in Alberta is as follows; one quarter section spacing (160 acres) for oil and one section spacing (640 acres) for natural gas. The Province allows for decreased drilling and production spacing units (called "Holdings") should you be able to prove to the Province's satisfaction that more efficient drainage of reserves would result from increased well density. Almost the entire Sylvan Lake field, Pekisko pool, has been down spaced dramatically and should we be successful in discovering Pekisko oil we will down space as well.
Pekisko Formation -- The principle target of this prospect is oil and associated gas production from the deeper (older) Pekisko formation. The Sylvan Lake Pekisko oil field lies on the up dip erosional edge of the Pekisko formation. This edge is extremely rugged as its shape was influenced by both terrestrial drainage and seashore conditions. Overlying this ancient shoreline are cap rocks (impermeable layers) of the Mississippian Lower Shunda formation and Cretaceous/Jurassic impermeable shales. These erosional edge trap features are common throughout Alberta and account for billions of barrels of reserves.
Production Facilities Discussion
This immediate area has been developed for both oil and natural gas over the past forty-five years. Accordingly a multitude of gas gathering and processing facilities and oil transportation facilities have been constructed.
A major gas processing facility is located within two miles of our project with gathering system lines with one half a mile from our proposed drilling location. The capacity of the processing facility is approximately 70 mmcf/d with current throughput of only 46 mmcf/d. Accordingly, excess capacity of 24 mmcf/d exists in the facility which would be in the best interest of the operator to fill as soon as possible.
This gas processing facility also has oil pipeline access for the transportation of raw oil product to the main delivery terminals north of Red Deer, Alberta. Accordingly, trucking costs would be minimal to get oil product to the transportation system.
For more detailed project description please see news release dated (Fri, Apr 29).
Good Luck and Successfu| Trading.
The Examples Above Show The Awesome, Earning Potential of Little Known Companies That Explode Onto Investor's Radar Screens; Many of You Are Already Familiar with This. Is MOGI Poised and Positioned to Do that For You? Then You May Feel the Time Has Come to Act... And Please Watch
this One Trade Monday! Go MOGI.
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