"MOGI" Montana Oil and Gas - Hot Mover of the Week
am 17.05.2005 06:18:10 von StockMakersWe are Very Excited about this new upcoming stock
about to explode
This Stock has had some very development movement the
last few days. this is one stock not to be missed out
on or you will be kicking yourself for not atleast
checking it out!
Montana Oil and Gas, Inc.(MOGI) To Explore 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
again this morning! Montana Oil and Gas Inc. (MOGI -
News) announces that the Sylvan 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 available 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
Current Price - .24
Reasons to consider 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 multiple projects in high-gear and the
expanding production on
reserves potentially worth multi-millions, MOGI is
selling for less
than 1/4 the value of its assets.
4. Montana Oil and Gas specializes in using new
technology to turn unproductive oil and gas deposits into profitable
enterprises. Already 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 related. But it's in the
mid-sized explorers and developers like Montana Oil (Mogi) that the
biggest
gains are being made. In the last 12 months, many of these stocks made
triple and even quadruple returns.
Breaking News!!
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.
Project History
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.
land Discussion
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.
Geological Discussion
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 Successful Trading.
Conclusion:
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 Tuesday! Go MOGI.
-
we are not a investment expert. Certain statements contained in this
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litigation
Reform Act of 1995. Such terms as expect, believe, may, will, and
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or similar terms may identify these statements. Past-performance is not
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