Montana Oil (fka MOGI)

[huggums]

Five here! lol Hoping for a turn around! eom

[NewAgeTrader]

Make that 4.

[Shikari]

Nope.
There's three of us!

[flashbacks]

I totally agree with you. The price should be moving up not down. Many investors just got feed up with all the delays and bailed.(Who can blame them. When a stock drops this much I sometimes wish I had.) I do think the company will turn around soon. If this first well hits at Sylvan Lake that should really help move the stock upward.
A week ago, John their PR guy told me they were also working on getting off the Pinks. That would be good news but no time table from him as to when it would come about.
I hope we make some money on this company. We may be the only two left in it.

[kb1jec]

Wasn't saying it was bad not to hear anything - the West Lock tie in completion alone shows that the company (or companies should I say) means business.

What suprises me is that the stock price has dropped so much, even after the tie in. I know that no numbers have been released yet, but one would think that such news would start some kind of uptrend on expectance of revenues. All in good time I suppose.

[flashbacks]

kb1jec, I would say its good news that we didn't hear anything right at 10 days. If the well was a dry hole they would have abandon drilling and that would have been the end of the project. The fact that we haven't heard anything means they are still testing so the must have found something. (lets hope its oil or gas). If they do hit on this well that will be two in a row for the drilling team. Not bad at all. The West Lock tie-in gives us 20% of that Gas wells revenues. Those revenues should come in around the 2nd week in June.
Just my thought on things.

[kb1jec]

Should be hearing news soon, the PR says "Drilling has resumed.. as of Monday, May 16" and "The drilling and testing is expected to take approximately 10 days." That would give us May 26th, last Thursday.

Anyone contacted the company for any updates?

[nlightn]

Montana Oil and Gas Resumes Drilling at Sylvan Lake
Tuesday May 17, 10:01 am ET

VANCOUVER, British Columbia, May 17, 2005 (PRIMEZONE) -- Montana Oil and Gas Corp. (Other OTC:MOGI.PK - News): Ensign Drilling has resumed drilling at the 6-3-38-3 W5M well, located on the Sylvan Lake Prospect as of Monday, May 16. The county of Red Deer, Alberta has removed a restriction on heavy equipment and trucks on its county roads. As previously reported, the Sylvan Lake Prospect is a well-defined 3-D seismic structural high within a preserved Pekisko remnant ``island'' that may have virgin reservoirs with similar production potential as the adjacent N Pool where six wells have produced 680,000 barrels oil since 1997. In the overall, the Sylvan Field has produced 40 million barrels oil from the Pekisko formation and 50 billion cubic feet gas from the Shunda formation.

The hole is planned to reach a total depth of 7,470 feet. A total of 30 feet in the Shunda gas formations at 7,155 feet and 30 feet of Pekisko oil formation at 7,320 feet may then be tested. The drilling and testing is expected to take approximately 10 days.

Montana Oil and Gas has a 20% working interest in the Sylvan Lake project that has the potential for four oil wells and one gas well. Each well has the potential to produce approximately 150 barrels oil per day from the Pekisko formation with potential reserves of 250,000 barrels oil. In addition, the Shunda gas formation, which is a secondary target, has the potential for approximately 1,000,000 cubic feet gas per day with potential reserves of three billion cubic feet gas.

The company encourages all shareholders and potential shareholders to view a full Project Description of Sylvan Lake that can be found on the company's news release dated April 29th 2005. Visit our web site at http://www.montanaoil.com

[TradingTroll]

There are many dicrepancies with the financials and this company. I noticed some of the paid news services said they were paid by MOGI and it was not reflected in the financials. After many hours of DD What I found is Mr. Sanders is the only employee, who also has a consulting business that specializes in marketing. It is also very interesting that the financial report was written by J D Briner who is also the attorney for IWNN and shares the same address as MOGI in Vancouver, BC. Many of the same people involved in IWNN are also involved with MOGI and seem to be located in the same building, share the same phone numbers or are located near by. I think this article I found the link to on an IHUB board about scams sums up why this stock only continues to go down.

http://www.otcjournal.com/archive/listserv/200402031.html

What I learned from buying MOGI: Never buy a stock from unsolisited spam. Do your homework (due diligence) on the stock first. Avoid companies that were incorporated in Nevada or Florida. Avoid pink sheet stocks that are traded on Canadian exchanges because they allow naked short selling. Avoid stocks who's only news comes from paid news services. Make sure there is not only sufficient volume but sufficient numbers of shareholders so you can exit the stock easily. Try to trade on days when volume is up and use limit orders instead of market orders. Instead of buying many shares of a cheap stock consider buying 1 or 2 shares of a good stock like SHLD.

[MX5110]

Can anyone help with the differences of from their may 10th pr versus their financials posted on pinksheets?

on may 10th, they state that they have paid out several hundred thousand for drilling and completion of westlock and 200k for sylvan. Yet, I can find only a footnote mentioning this in the financials, no numbers listed in the cashflow, p and l or balance sheet. Did this all happen after the financials were posted?


TIA

kinda glad i passed on this one

[MX5110]

anyone know why they post a 20% working interest in today's pr versus the 25% interest noted in their february?

[kb1jec]

05/13/05 15:24:54 Other OTC -10000 .2500
05/13/05 13:41:42 Other OTC -12600 .2400
05/13/05 12:29:25 Other OTC -2500 .2500
05/13/05 11:05:16 Other OTC -10000 .2450
05/13/05 11:03:08 Other OTC -40000 .2400

what is that?

[StevenRisk]

We need more real data. I agree, everything looks like a go but we need some numbers. We probably need doubledoon back pumping.(LOL)

[kb1jec]

Long-term I would definitely say buy, but I don't understand whats going on right now.

[flashbacks]

I'll second that. Holding.....

[kb1jec]

no clue why we arn't moving

[kb1jec]

bought more, hopefully a good day after that news

[nlightn]

well,...its getting noticed. UP .05

2:24:36 PM Trade 0.28 3000
2:24:34 PM Trade 0.27 3000
1:22:44 PM Trade 0.25 200
1:22:42 PM Trade 0.285 200
12:57:02 PM Trade 0.235 500
12:36:02 PM Trade 0.25 100
11:17:46 AM Trade 0.245 5000
11:17:22 AM Trade 0.24 3000
11:17:20 AM Trade 0.24 10000
11:17:20 AM Trade 0.24 1000
11:17:18 AM Trade 0.23 15000
11:16:32 AM Trade 0.245 1390
11:14:16 AM Trade 0.226 10000
11:13:54 AM Trade 0.226 10000
11:13:24 AM Trade 0.25 610
11:13:24 AM Trade 0.25 5000
11:13:24 AM Trade 0.25 1000
11:13:24 AM Trade 0.25 2390
11:13:24 AM Trade 0.25 1000
11:13:20 AM Trade 0.23 10000
11:12:54 AM Trade 0.26 1000
11:12:54 AM Trade 0.26 1500
11:12:54 AM Trade 0.25 3940
11:12:54 AM Trade 0.25 1610
11:12:54 AM Trade 0.26 1950
11:12:50 AM Trade 0.23 10000
11:04:52 AM Trade 0.27 200
9:35:40 AM Trade 0.26 100
9:35:16 AM Trade 0.26 10000
9:30:46 AM Trade 0.26 500
9:30:08 AM Trade 0.25 500
9:30:08 AM Trade 0.25 560

[nlightn]

well,..let's see what happens. alot is laying on this tie-in.

time,...will ,...tell.

[livinlarge]

I seen it posted on Raging Bull.

[STEVEN_D]

So far todays news is not out every where.
Ameritrade does not show it. I saw it in my email.
Where did you guys see it?

[livinlarge]

Yes this is good news. Looks like a good time to add to your position on this one. Since it has gotten beat up so bad.

[STEVEN_D]

I can't believe the lack of responce to this news:

Montana Oil and Gas Enters into Revenues with West Lock Tie-in
via COMTEX

May 12, 2005

VANCOUVER, British Columbia, May 12, 2005 (PRIMEZONE via COMTEX) --

Montana Oil and Gas, Inc., (Pink Sheets:MOGI) Montana Oil and Gas is very pleased to announce that the operator has advised the company that the tie-in of its 1-5-60-25W4M West Lock gas well has been completed. The pressures are excellent and the well will be ramped up slowly over the next several days. Flow rates will be established based on normal month end production reports, this is procedural and is usually established in the first 10 days or so of the next month. The company expects to have a report on its Sylvan Lake Project in the very near feature, as road bans have begun to be lifted all over the Province of Alberta. The company will issue news when its operators have advised us of the lifting of the said road bans. A full Project Description of Sylvan Lake can be found on the company's news release dated April 29th 2005.

[kb1jec]

The first of the good news has arrived. Once we start seeing some revenue this is going to fly. This should also give the company a little more credibility, considering many lost faith (hence the drop in PPS) over the delays.

Good luck.

[flashbacks]

nlightn, Great news on the tie-in being completed. The revenues will be flowing soon along with the share price. Looks like things are finally coming together.

[nlightn]

Montana Oil and Gas Enters into Revenues with West Lock Tie-in
Thursday May 12, 6:00 am ET

VANCOUVER, British Columbia, May 12, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Other OTC:MOGI.PK - News) Montana Oil and Gas is very pleased to announce that the operator has advised the company that the tie-in of its 1-5-60-25W4M West Lock gas well has been completed. The pressures are excellent and the well will be ramped up slowly over the next several days. Flow rates will be established based on normal month end production reports, this is procedural and is usually established in the first 10 days or so of the next month. The company expects to have a report on its Sylvan Lake Project in the very near feature, as road bans have begun to be lifted all over the Province of Alberta. The company will issue news when its operators have advised us of the lifting of the said road bans. A full Project Description of Sylvan Lake can be found on the company's news release dated April 29th 2005.

Visit our web site at http://www.montanaoil.com

[kb1jec]

I don't expect it to reverse until we get news of some progress (ie. drilling has resumed). Some of those bans are still on, just give it a chance.

[coffee221]

No end to the sellers

[kb1jec]

News
Montana Oil & Gas, Inc. Announces Projects Update
Tuesday May 10, 6:00 am ET

VANCOUVER, British Columbia, May 10, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Other OTC:MOGI.PK - News) would like to comment on the recent price drop in its share value. With the exception of spring break-up, which has added some delays to the drilling of its Sylvan Lake Program and the tying in of its West Lock gas well, the company knows of no other reason why its share price would suffer such a price drop over the past two weeks.

Spring break-up is an annual event, which occurs in most of Central and Northern Canada when the frost, which may be several feet thick, comes out of the ground. Drilling operations for a large rig such as the Sylvan Lake well requires service by heavy vehicles such as mud, water, cement and vacuum trucks will be prohibited from using the roads during this period of time. This road bans effect every company, including majors.

The company would also like to point out to its shareholders and to the investment community, that not only has it paid out several hundred thousand dollars for the drilling, completion, and tie-in of its West Lock gas well, it has also fully met its just over $200,000.00 commitment, for it's share of the drilling stage of the Sylvan Lake project.

The company is expecting the tying in of the West Lock gas well and Sylvan Lake exploration program to resume very shortly, as road bans have begun to be lifted all over the Province of Alberta.

As of March 30th, the drilling rig was moved onto location and the 5-3-38-3 W5M well was spudded, and has currently been drilled to 1,250 feet and surface casing was run to 930 feet. This particular drilling rig is known as a telescopic double and is rated to drill to 10,000 feet in depth. Drilling is planned to reach a total depth of 7,570 feet, which may take some 10 days to then complete drilling.

The company will issue news when its operators have advised us on either development. A full Project Description of Sylvan Lake can be found on the company's last news release dated April 29th 2005.

Visit our web site at http://www.montanaoil.com

The Montana Oil & Gas, Inc. company logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1119

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.

[Stix]

Hey nlightn......I absolutely adhore when someone like you pretends to be the bearer of wisdom and accountability when you dont know what your talking about.....much transpires on Ihub via PM's and all those comments are beyond your sight.......hence you dont know all you profess in order to pass judgement on others......so try minding your own business or asking questions before using your keyboard to spew crap.
try reading post 344 where I did sell and accept full responsability for my actions at the time I sold
....or in your words.........all you just did was openly admit your inability to not know how to conduct your own D/D.....what an idiot

[nlightn]

Stix - being this is a public board and you made a public statement it is open for comment.

i absolutely adhore when someone alludes to another individual selling. so what if someone was. does not your own due diligence reign presidence over what anyone elses is?,...answer,...it should.

was it not you that took their index finger and hit the BUY execution with your broker ?,... answer, yes.

do you not have the ability to see that your initial investment might have fallen below your acceptable loss catagory (a trader should place on all their investments) and could you not have taken that same index finger and hit the SELL execution ?,..answer, yes.

all you just did was openly admit your inability to not know how to conduct your own D/D.

how could a mature adult individual expect anyone to take that victim story as something to empathize with ?

that pig ain't flying here,...take responsibilty Stix. no matter who you blame,..it is ultimately your responsibility.

[kb1jec]

Lifted Restrictions:
Hwy. 595, Red Deer
-Effective 8:00 am Thursday, 5/05/05


Revised Restrictions:
Hwy. 2A, Red Deer 75%
Hwy. 791, Red Deer 75%
Hwy. 805, Red Deer 90%
(% Axel Weight)


*Also listed is the 'Red Deer River' - not sure if that is within/near Red Deer.


http://www.trans.gov.ab.ca/Content/doctype260/production/RoadBans.pdf

[kb1jec]

Well there will soon be no more excuses for delays. I have faith in the company as others do - eventually they will make progress.

[Stix]

The problem is that a snake oil salesman sold many on this and then skipped town while many failed to empty the bottle that the salesman himself wouldnt own.......jmo

but I no longer buy anything that salesman carries in his inventory as pounding the table seems to break it after the pounding stops.

good luck guys, hope the two weeks is almost up for you.

[huggums]

KBJ~ Earlier today I jotted down a few Red Deer roads and what level they were at. The only one I noticed changing was 805 Jct.27, went from 75% to 90%. So, I guess that is good. Hopefully we see more change on Thursdays update.

[kb1jec]

http://tinyurl.com/77o73 - Road Ban List

Quite a few in there for Red Deer. Dosn't specify when they expire.

[kb1jec]

I think as soon as we get news of progress it'll take off. Until then, who knows. GL

[huggums]

Coffee~ Thanks for the reply, I respect your opinion. All I can say is... that would really suck, imo! lol Good Luck to us all!!

[coffee221]

The problem is the stock is severely damaged right now. It may need to base for a few months in this range before another run starts.

[huggums]

I believe they update the road load limits later today. It is May for criminy sakes! We should be seeing them relax! All I can say is that someone seems to be buying at .26. I think we got shorted bigtime with the borrowed shares. Hopefully .26 is the start of the cover. Just me and my disgusted opinion.

[kb1jec]

just a matter of time. going down on the short term until news

[coffee221]

So much for that rally. These delays have just killed this play.

[flashbacks]

That should be a good buy for you. Last Thursday I spoke to Jason. Montana oil was expecting a progress report from Engery 51 this week and the road bands should be lifting any day now.
None to soon for all of us..

[kb1jec]

Just bought more at $0.29

[huggums]

The pinks. Here is a Knobias link...
http://www.knobias.com/individual/public/quote.htm

[december]

How do you get a quote on this one? Is it on the grays??

[kb1jec]

damn look at that chart - decent volume for the first hour as well

[coffee221]

Patience. Right now .37 X .385, something is up.

[smoke548]

Good luck guys, I'm out @ .32. I've had it with pinks, Dan

[kb1jec]

No rush, I waited about 10 months for ALMI. Just don't like seeing it go so low.