Montana Oil (fka MOGI)

[kb1jec]

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

[smoke548]

Tried to get out yesterday @.29 with no luck. Looks like we're stuck like it or not unless you want to go lower.

[Shikari]

Mother Nature is pretty obstinate!

She won't be rushed,cajoled,cussed or hurried up in any way and when man tries to do this she has a way of responding that makes him wish he never tried.

Chill out!

Relax.

The roads will open when they are supposed to and all will unfold as it should.

[kb1jec]

Any indication as to exactly when these road bans should be lifted? Hoping for some news some time in early-mid May.

[Stix]

I guess the table broke from all the pounding.

[Tekoah19]

Nothing will help but off pinks
SPRL is the weekest of these other oilies

[ACKO,CWPC,EEGC,ERHE,POGI,PRVB,QOIL]

due to SPRL on pinks
many of these others were also pumped by those stock alert sites and they also crashed look at all their charts and news, the only one doing well is ERHE which is still highly speculative. It appears these stock alert sites generate alot of PPS movement and there are herds in and out with their reports showing that there really aren't as many true longs in SPRL as some pumper longs would have made us believe.Also not to mention the stuff one gets in the mail promoting the oil stocks and when you check the timing and the charts you can clearly see some had took positions at lows before the mail piece hit the mailing list of investors. A legit con game for sure.Where the longs with dry powder hit SPRL again is anyone guess.
Anyone have any other oilies to add to this comparison list? Let us know. Thanks
TEK

[Etechman1]

huggums, you can try out the happy hour now, you can read your E-mail

[huggums]

An oil article from today...
http://www.bloomberg.com/apps/news?pid=10000086&sid=aDLk_vQksg3U&refer=latin_america

Oil Headed for Biggest Rally in 2 Months on Fuel-Supply Concern
April 22 (Bloomberg) -- Crude oil rose, headed for the biggest weekly rally in two months, on concern U.S. gasoline demand will outpace domestic production and imports during the next five months, when consumption peaks.

Oil prices have climbed 6.3 percent in four days as refinery shutdowns in Texas, Louisiana and Venezuela threatened to curb fuel supplies in the world's biggest gasoline market. U.S. gasoline inventories are down 5.7 percent since the end of February, more than double the five-year average.

``Demand just keeps going up,'' said Bill Adams, senior energy and capital markets strategist at Direct Futures LLC in Chicago. ``People are willing to pay a premium because there's fear about demand outstripping supply.''

Crude oil for June delivery rose 50 cents, or 0.9 percent, to $54.70 a barrel at 10:44 a.m. on the New York Mercantile Exchange.

The futures have risen 26 percent this year as expanding economies in the U.S., China and India consumed increasing quantities of petroleum to fuel cars, trains, airplanes, power plants, factories and ships. Prices touched a record $58.28 on April 4.

In London, Brent crude for June settlement climbed 55 cents, or 1 percent, to $54.56 a barrel on the International Petroleum Exchange. They reached a record $57.65 on April 4.

Oil prices next week are more likely to rise than fall, a Bloomberg survey showed. Twenty of 49 analysts and strategists surveyed by Bloomberg, or 41 percent, predicted oil prices will gain next week. Fourteen, or 29 percent, said they will fall, and 15 forecast little change.

Conoco Refinery

A gasoline-making unit at a Lake Charles, Louisiana, refinery owned by ConocoPhillips, the largest U.S. refiner, yesterday failed to start after maintenance, Reuters reported, without naming its source. Conoco spokeswoman Laura Hopkins declined to comment.

San Antonio-based Valero, the third-largest U.S. refiner, on April 18 said a coker at its St. Charles, Louisiana, plant will be shut until at least April 26, halting 336,000 gallons of daily gasoline output and 1.05 million gallons of daily distillate production. Distillates include diesel and heating oil.

Petroleos de Venezuela SA, South America's largest oil producer, last week stopped gasoline and diesel production at its Puerto La Cruz refinery after one of the plant's units was shut down, El Nacional reported today, citing unidentified industry officials.

Venezuela was the sixth-biggest foreign supplier of gasoline to the U.S. in January, shipping 40.2 million gallons, or 6.3 percent of total imports, according to Energy Department figures.

`Nervous'

``It looks like problems with refineries in the U.S. are making people nervous about not getting enough gasoline for the summer season,'' said Anette Einarsen, an oil analyst in Oslo for Nordea Bank AB. ``The market is also jumpy because of the uncertainty of how much demand will actually grow compared to production from refineries.''

Gasoline futures on Nymex peaked at $1.7491 on April 4 and were trading up 2.15 cents today at $1.6415 a gallon.

Worldwide oil demand is expected to grow 2.1 percent this year to 84.27 million barrels day from 82.5 million a day in 2004, the International Energy Agency said April 12.

Saudi Arabia, the world's biggest exporter of oil last year, and the rest of OPEC can do little to lower record crude oil prices as banks and speculators pile into ``overheated futures markets,'' Saudi Arabia's oil minister, Ali al-Naimi, said yesterday at a conference in Paris.

The U.S. House yesterday approved energy legislation that includes $8.1 billion in tax incentives to spur oil and natural- gas production, and would allow drilling in an Alaskan wildlife refuge. A product-liability waiver for makers of the gasoline additive MTBE contained in the House bill may be rejected by the Senate, said Angela Harper, a spokeswoman for Senate Energy Committee Chairman Pete Domenici.



To contact the reporter on this story:
Joe Carroll in Chicago at [e-mail]
Last Updated: April 22, 2005 11:05 EDT



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[huggums]

FWIW I just noticed that I had mail in my mailbox here, lol. Since I do not pay for membership here, I cannot reply. But Thanks for the mail! I had also posted the site that shows load limit changes on the iwnn site. Looks like they are updated on Tues and Thurs. Hopefully next week we see 90% for our areas! The spread is closer today and more buys than sells so far. Sure hope it keeps up!! Good Luck to us all!
11:02:34 AM Trade 0.33 654
10:59:38 AM Trade 0.33 5000
10:28:50 AM Trade 0.32 300
10:28:50 AM Trade 0.33 1000
10:21:58 AM Trade 0.33 500
9:49:06 AM Trade 0.32 1000
9:49:06 AM Trade 0.33 10000
9:31:38 AM Trade 0.33 1000

[Pulcova]

Here is what I believe is happening. One well drilled and awaiting tie in to distribution line. Second well drilled to 1250 feet, needs truck support during drilling so it is probably stalled. 3rd well permit issued, no status known. the 2nd and 3rd well sites will support potentially around 10-12 more wells total if the wells are successful. With bad roads, I would not expect much news in the next 2-3 weeks unless the tie in is able to happen. Not sure what is holding that one up at the moment.

[kb1jec]

So, the drilling has already begun but is now (or will be shortly) delayed until May due to the road bans?

[flashbacks]

I called the city of Sylvan Lake today to see when the road bans would be lifted. I was told that in a normal year most bans are lifted by the second week in May. This year the weather has been good and they think that the bans will be lifted by the first week in May or earlier. They are issueing some special permits depending on conditions.
City of Sylvan Lake information number 1-403-887-2141
Bruce

[coffee221]

Doubloon..

Suprised you bailed after speaking so highly of MOGI. Good luck with your other position.

[MX5110]

the financials posted for mogi on pinksheets dot com dated april 5th make for an interesting read and spark plenty of questions imo

good luck

[Stix]

Thank you and good luck on the new one.

[Mr. Zen]

Stix

I held a full position in both IWNN and MOGI and they are on the same wells and with these time delays i just needed to add to something else and decided to take it from my MOGI position. I still hold all of the IWNN position and have no intention of selling that one.
I never post my short term trades because they can be only a few hours long, longer trades I do post my buys, however I need to roll money over every month and two positions with the same time delay is dead money.

It is not my intention to leave anyone holding the bag. I just found something that has alot more short term potential and needed to free up some cash, plain and simple

[huggums]

Stix~ Thank You very much for sharing that with the board. I wonder how many people (besides me) are still holding? Thanks again!

[Stix]

Doubloon, Can you explain in more detail why it is you sold all your holdings in MOGI?

I recieved this PM from you "I have sold my position in Montana Oil and gas, the timeline has not met my expectations."
I found it ironic since this was a long term hold for you and you have stated recently the fact that we were only a few weeks from road bans being lifted. I also found your reason suspect since when In the early days of ALMI I posted many concerns about timelines not being met I was always reminded how timelines are not important when in the early stages of a company getting up and running.......considering that I got this at 11:46 am and that not much in the way of volume had transpired today I suspect you have been lightening up recently and finished today or held a smaller position than I imagined......No doubt we are all responsable for our own trades, this was just 2% of my holdings but have closed it out for a loss since I am concerned as to your sudden change of heart, the website for MOGI being down, and a level of uncomfortableness with the recent notice of many to the Email spamming on MOGI.

JMO

Stix

[Stix]

That excuse doesnt hold up for me.....Esspecially in the context of your posts on this board.....I think you owe an explanation.....imo.

[Stix]

you'de never get it at .36....

[spockster202]

I swear the MM's know to dip MOGI below .40 everytime I am low on new money!

Buying opp today at .36?

[huggums]

I agree Doubloon, but these past 4 months have been the longest 2 weeks of my life, lol! So, good things come to those that wait.....Where I live we get pretty much the same weather pattern, but milder. Our March was miserable. The good news is that it looks like spring has finally sprung and work should commence soon!

[Mr. Zen]

two weeks and all road bans should be behind us for the year

[PrinceCove]

MOGI really testing my patience

[Shikari]

A good recap of IWNN which should be of interest to new[and even established] MOGI investors.

http://www.stocksjournal.com/IWNN.cfm

[peoria]

Thanks Spockster that helps..
What a move on TDYH...

[spockster202]

Most of my shares were bought between .42 and .45

Wanted to pick up some in the /30's but no funds at the time!

GL

Spockster
also have TGNO, SPRL fwiw

[peoria]

I'm thinking this is still a good place to enter..can see it going up..

[spockster202]

Me too peoria- averaging about 4-5 per day. Good company/stock IMO - but hate spamming!

[peoria]

I have also been getting spam pump on this stock and have deleted.
I will let you know if I receive any more. Believe I have seen 3 or 4 the past month or two.
The more I read on this stock this weekend the more I like it.
Not sue if it's to late to get in..
Nice board.

[Mr. Zen]

IWNN is still undiscovered, look at the price difference. same float basically, both with no debt. I own both.

[PrinceCove]

What I don't get is why MOGI is so volatile, and IWNN not moving.

[spockster202]

Hey Doubloon! Will have to see if I get more tomorrow. Already deleted them from my Outlook inbox/delete boxes. Sorry!

As I recall, the email addresses were from different senders.

GL
spockster

[Stix]

No, and I wont be happy if its being done.....puts us at risk of sec issues as was posted here before......
Can you post an example....i would be interested in seeing it.

[Mr. Zen]

no I'm not where are they coming from, they could be unauthorized.. shoot me a link

[spockster202]

Anyone else getting a daily dose of emails pumping MOGI?

[coffee221]

Looks like it will fill the gap.

[kb1jec]

Hope it drops like a rock, excellent time to average down. Good luck all, I know I can wait.

[nlightn]

you wrote>>>

1. We are currently at 1250 feet.

that's the way i'm reading it

2. County bueacracy says STOP until thaw complete.

yep

3. Start up + 10 days takes us to 7,570 feet.

yep,...

4. Double's numbers begin to roll if there is a hit.

if all occurs within the projected scenario,...we definitely got a hit.



now,...IMHO the factor in all of this is mother nature. she is the regulator of when all of this transpires.

can't you just feel it though :)

[jfloyd7]

Do I understand correctly?
1. We are currently at 1250 feet.
2. County bueacracy says STOP until thaw complete.
3. Start up + 10 days takes us to 7,570 feet.
4. Double's numbers begin to roll if there is a hit.

If this is a correct understanding, I can wait.

[Stix]

I concur with those numbers......I also think that MOGI would have more projects that would be contributing to the bottom line.......the hard part for me is determining what the pps should be based on those numbers, comps with other companies for example

[Mr. Zen]

Let's run the numbers...

The average well in the Sylvan Lake Field has produced 500 barrels of oil per day and/or over one million cubic feet of gas per day. If successful, the company intends to drill up to 4 more wells on these land sections.

being conservative @ 400 barrels per day and 750,000 cu ft per day

400x$45 (actual $52.00) per barrel= $18,000 per day
750,000 cu ft = 750 units @ 5.75 (actual $5.91) = $4312.per day

total income PER well $22,312 per day or $8,143,880 per year

Mogi share 25% = $2,035,970 income per well per year

If my numbers are correct that is the income from each well, now look at the share price and ask yourself how much this stock is undervalued.

[CrocHntr]

I see that Mr Sellers wasted no time in making the announcement. This is great news! I don't like the fact that we'll have to wait for the spring thaw before we get drilling results (maybe), but it just sounds like one of those hiccups to drilling in the frozen tundra!

It's nice to see that we've begun production, and I also feel much better seeing the spud announcement on the Alberta Energy & Utilities web site. It just serves as another verification that the whole thing is legit.

[nlightn]

Montana Oil & Gas, Inc. Announces Sylvan Lake Spudded, Company Provides Update
Wednesday March 30, 6:00 am ET

VANCOUVER, British Columbia, March 30, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Other OTC:MOGI.PK - News) President Peter Sanders is please to announce 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 over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M well and are currently drilling at 1,250 feet. Surface casing will be 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 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 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. Peter Sanders noted, ``These road bans that have taken place all over Alberta happen every year and are no surprise, all oil and gas companies are effected by the spring breakup, the positive news is that the Corporation already has the rig on site, which will remain there until drilling is finished, surface casing has been completed and the Company will be ready to finish drilling when road bans are lifted.''

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 6 wells have produced 680,000 barrels oil since 1997. Overall, the Sylvan Field has produced 40 million barrels of oil from the Pekisko formation and 50 billion cubic feet of gas from the Shunda formation.

Ensign Drilling will test a total of 30 feet from several zones in the Shunda formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,320 feet. When drilling resumes, the hole is planned to reach a total depth of 7,570 feet, which may take some 10 days to then complete drilling and testing.

Each development well has probable production of 150 barrels of oil per day and 750 thousand cubic feet gas per day with reserves in excess of 1 billion cubic feet gas and 300,000 barrels of oil. There are four other pay zones that are prospective for gas. The average well in the Sylvan Lake Field has produced 500 barrels of oil per day and/or over one million cubic feet of gas per day. If successful, the company intends to drill up to 4 more wells on these land sections. 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 miles 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.

There is a gas gathering system in the immediate area and oil will be trucked 3 miles to a pipeline terminal. Accordingly, trucking costs would be minimal to get oil product to the transportation system. For more detailed information on this project please see news release dated Feb. 7th, 2005.

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Montana Oil and Gas Inc. has little or no control.

For more information, please visit our website http://www.montanaoil.com

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


Contact:


Montana Oil and Gas Inc.
Investor Relations:
Jason Ashdown
Peter Sanders, President
604-690-7869

Source: Montana Oil & Gas, Inc.

[Mr. Zen]

croc,, hot damn I think you found it, great sloothing!!

[CrocHntr]

I went to the Alberta Energy and Utilities Board site today. They have a daily spud and drilling activity list. You can view it here:
http://www.eub.gov.ab.ca/bbs/data/wells/spud0328.txt

It shows spud activity by Energy 51 at Sylvan Lake on March 27th. Would this possibly be our venture with Montana Oil? If so, it looks like we're finally getting somewhere... Any thoughts? I'm not quite sure what I'm looking at, but it looks promising.

[huggums]

A poster on RB mentioned cwpc's pr from today and how it differs from iwnns. Who the heck knows! In cwpc's pr it also states this...

ENERGY 51 NEW DRILLING PROJECTS

Energy 51, the operator of both the Barrhead and Sylvan Lake Plays, intends to propose additional development drilling projects in the next few months where the Company may elect to participate on paying 33% of the costs to earn a 25% working interest.

....Now we know mogi had stated they were looking for new projects also. So, what if some of the liquidity we have seen is to get cash to participate? I like that scenario better than being shorted. Just me, and as usual, no offense taken for opposing opinions! ere is cwpcs pr and Good Luck to us all!

http://www.knobias.com/individual/public/news.htm?eid=3.1.9ce77d3b75d8cd9521e89bf4261f80fb4fb907b203...

[kb1jec]

Thats the exact same thing as the last PR we had...

How are we supposed to maintain a price on the short-term when all our PRs are just cut and pastes from other company PRs? That just dosn't look good.

[Stix]

Im sure this applys to us also


Irwin Energy Announces Erratic Weather Slows Drilling Progress

March 29, 2005 09:00:30 (ET)

VANCOUVER, British Columbia, Mar 29, 2005 (PRIMEZONE via COMTEX) -- Irwin Energy, Inc. (Pink Sheets:IWNN) President John Gaetz would like to announce the following update. Due to erratic weather in the drilling zones in Alberta, road bans have delayed progress in this region. This has put the Company's Sylvan Lake drilling program slightly behind schedule. The operators have indicted that the drilling equipment should be moving on to site within a week.

The initial well at Sylvan Lake is a 7,200-foot Peskisko Sand test that is prospective for oil and gas. It is expected to take approximately 10 to 12 days to drill and test the initial well. Each development well has probable production of 150 barrels of oil per day and 750,000 cubic feet of gas per day with reserves in excess of 1 billion cubic feet gas and 500,000 barrels of oil. The property includes four other pay zones that are prospective for gas. The average well in the Sylvan Lake Field has produced 500 barrels of oil per day, with over one million cubic feet of gas per day. Dependant on the results of the current drill program, the company expects to drill up to 4 more wells on these land sections. For more detailed information on this project, please see the news release dated Feb. 7th, 2005. The Company will provide an announcement with the commencement of drilling.

The Company West Lock Project tie in was also affected by the weather, however the equipment required for tie in is now on site and ready to go weather permitting. The company expects this could occur starting next week. Flow rates will be established shortly thereafter. The company will advise its shareholders when the tie in and flow rates are completed.

Irwin Energy President John Gaetz said, "We would like to thank all of our shareholders for their patience, during what most would describe as a very unusual year weather wise."

[Stix]

My understanding is that the 5 million borrowed shares that were being traded are being worked out of the market and that it should be done soon. Doubloon may have a better feel for that.
This is similar to ALMI in that we know the product is there.....or that there is a very high probabilty that these wells should hit as expected.......so its just a matter of when......and like ALMI the patience that Doubloon demands we grasshopers have should pay off in a manner that greatly rewards the risk and patience......Its frustrating at times but when it happens they will be selling product immediatly.