Montana Oil (fka MOGI)

[mikeymac]

News...
Press Release Source: Montana Oil & Gas, Inc.


Montana Oil and Gas, Inc. to Explore Drilling Programs in Fields with Existing Production to Strengthen Investment Opportunity
Friday March 11, 3:08 pm ET


VANCOUVER, British Columbia, March 11, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc. (Other OTC:MOGI.PK - News), a Nevada Corporation: Montana Oil and Gas, Inc. announced a decision to explore the development of drilling programs in fields with existing production, designed to enhance the program for investors or joint venture partners. The company has become aware of existing opportunities to partner in, or acquire leases, which include producing wells, which will strengthen Montana's position with energy cash oriented investment banking groups.
ADVERTISEMENT


One of the most effective ways to acquire financial partners for drilling programs involves existing production of oil and or gas in these programs. While this financial tactic maybe somewhat more expensive for the company, it significantly lessens the risk for the investment group, hence encouraging financial participation as well as speeding up the process of commitment by the investment group.

Peter Sanders, Montana President stated, ``We at Montana are aggressively persuing all possible opportunities for growth and success. We believe that in many situations we will have the opportunity to include existing production in a drilling program, which will always encourage the participation of financial partners.''

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.

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
1-866-251-4174 or [phone]
www.montanaoil.com


--------------------------------------------------------------------------------
Source: Montana Oil & Gas, Inc.