Replies to post #22 on Mushrooms Inc (MSRM)

[freto]

I know MJOG owns 25% of the last well drilled for Altamont Oil & Gas, Inc · Cut Bank, Montana……………………….…1999 – Present
· Currently own and operate 100% in 35 gas wells in the Williams and Lake Frances Gas Fields located in Pondera County, Montana.

Can't find the last PR for the 100 brl per day wildcat hole

[freto]

MAJESTIC OIL & GAS, INC

PO Box 488

Cut Bank, MT 59427

E-Mail: [e-mail]





Phone: [phone] Fax: [phone]





NEWS RELEASE




MAJESTIC OIL & GAS, INC

Thursday, October 25, 2007
CUT BANK, MONTANA OTCBB: MJOG.OB



MAJESTIC OIL & GAS, INC DRILLING WILDCAT NATURAL GAS WELL IN NORTHERN MONTANA



MAJESTIC OIL & GAS, INC (the “Company”), a United States Public Company whose securities are qualified for quotation on the Over the Counter Bulletin Board today announced that the Company is drilling the Vandenbos #19-1 well, a wildcat natural gas well.



This exploration wildcat natural gas well is being drilled in Section 19-T29N-R5W, Pondera County, Montana. The projected depth of this well is 2,350 feet with the primary objective being the 4th Bow Island “C” Sandstone. Other potential zones of interest are the Colorado Shale, Blackleaf Sandstone and the 1st, 2nd and 3rd Bow Island Sandstones.



Majestic Oil & Gas, Inc owns a 25% working interest in this wildcat natural gas well. The well is currently being drilled and operations commenced on Sunday, October 21, 2007. The Company will release results as soon as drilling operations are complete.



MAJESTIC OIL & GAS, INC



“Patrick M. Montalban”



Patrick M. Montalban, Chairman of the Board

President & Chief Executive Officer











THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT.

THE OTCBB DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE



==============================================
MAJESTIC OIL & GAS, INC
PO Box 488
Cut Bank, MT 59427
E-Mail: [e-mail]
Phone: [phone] Fax: [phone]

FOR IMMEDIATE RELEASE

MAJESTIC OIL & GAS, INC

Q3, 2007
CUT BANK, MONTANA OTCBB: “MJOG.OB”
MAJESTIC OIL & GAS, INC (the “Company”), a United States Public Company quoted on the Over the Counter Bulletin Board today announced a Letter of Intent (“LOI”) has been signed. The “LOI” outlines that the Company is acquiring Genesis Energy, Inc, which own natural gas gathering and compression facilities located in Pondera County, Montana.
These facilities gather and compress natural gas from the Williams and Lake Frances Gas Fields, which consists of 33 natural gas wells. The gathering system consists of 35 miles of natural gas gathering lines, 33 gas shacks and 3 compressors. The main compression facility consists of a 400HP compressor and dehydration equipment located on an approximate one acre plot. Also located at the gas plant and compression site, is an electronic production monitoring system, which provides output production information on an hourly and daily basis to the Company headquarters located in Cut Bank, Montana.
Citadel Engineering Ltd, an Engineering Firm out of Calgary, Alberta, is preparing a valuation of the gathering system. The purchase price for these facilities will be agreed upon at a later date.
MAJESTIC OIL & GAS, INC
Patrick M. Montalban, Chairman of the Board
President & Chief Executive Officer
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT.
THE OTCBB DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

==================================================================

MAJESTIC OIL & GAS, INC
PO Box 488
Cut Bank, MT 59427
E-Mail: [e-mail]


Phone: [phone] Fax: [phone]


FOR IMMEDIATE RELEASE


MAJESTIC OIL & GAS, INC

Q3, 2007
CUT BANK, MONTANA OTCBB: “MJOG.OB”


MAJESTIC OIL & GAS, INC (the “Company”), a United States Public Company listed on the Over the Counter Bulletin Board today announced a Letter of Intent (“LOI”) has been signed. The “LOI” outlines that the Company will be acquiring 50% Working Interest in 18 producing gas wells located in the Williams Gas Field, Pondera County, Montana from Altamont Oil & Gas, Inc and Numbers, Inc. The “LOI” includes 13,440 acres of proven undeveloped natural gas reserves located in the Williams Gas Field that will also be acquired.

The “LOI” outlines a purchase price of US$421,000 and the final terms of the acquisition will be announced upon the signing of a formal Purchase Agreement.

We believe that when we close on the acquisition it will be the first step in building our successful oil and gas company in the Rocky Mountain Region.

MAJESTIC OIL & GAS, INC



Patrick M. Montalban, Chairman of the Board
President & Chief Executive Officer





THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT.
THE OTCBB DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE




=====================================================================
MAJESTIC OIL & GAS, INC
PO Box 488
Cut Bank, MT 59427
E-Mail: [e-mail]
Phone: [phone] Fax: [phone]

NEWS RELEASE

MAJESTIC OIL & GAS, INC

Q2, 2007
CUT BANK, MONTANA NASD: “MJOG.OB”

MAJESTIC OIL & GAS, INC (the “Company”), a United States Public Company listed on the NASDAQ today announced that the Company entered into a Farm-out Agreement with Altamont Oil & Gas, Inc and Numbers, Inc to drill a 10-well natural gas development program. This development program will involve the drilling of 5 wells in the Lake Frances Gas Field and 5 wells in the Williams Gas Field, located in Pondera County, Montana. The Lake Frances Field is located south of Valier, Montana just offsetting the Lake Frances reservoir. The Williams Field is located 7 miles east of the town of Valier, Montana.


The Lake Frances Field was discovered by Altamont Oil & Gas, Inc., in May 2004 by drilling the Altamont/Boucher 27-1 discovery well. This well had Initial Production of 400,000 mcf from the 4th Bow Island at a depth of 2,157’ and shut-in pressure of 230 pounds.

Management conducted a thorough geological and engineering study of information gathered from previous successful drilling programs. From these drilling programs 10 of 11 wells are successful producing gas wells in the Lake Frances Field. The locations for the development program were determined from information gathered from the geological and engineering study. The surveying of each location and the permitting of each drill site with the Montana Board of Oil & Gas is currently being completed. Majestic Oil & Gas, Inc will receive 100% of the revenues until the drilling and completion costs have been recovered, at which time Majestic Oil & Gas, Inc’s interest will revert to 50%.
Management is confident that this program will significantly increase the income of the Company and we look forward to negotiating additional farm-out agreements after this program is completed.
MAJESTIC OIL & GAS, INC
“Patrick M. Montalban”
Patrick M. Montalban, Chairman of the Board
President & Chief Executive Officer
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT.
THE NASDAQ DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE


--------------------------------------------------------------------------------------------------------------------

MAJESTIC OIL & GAS, INC
PO Box 488
Cut Bank, MT 59427
E-Mail: [e-mail]
Phone: [phone] Fax: [phone]

NEWS RELEASE

MAJESTIC OIL & GAS, INC

Q2, 2007
CUT BANK, MONTANA NASD: “MJOG.OB”
MAJESTIC OIL & GAS, INC (the “Company”), a United States Public Company listed on the NASDAQ today announced the addition of Mr. Bruce D. Hirsche as a member of the Board of Directors of the Company.
Following is a short “Bio” on Mr. Hirsche:
Bruce D. Hirsche, Q.C., LL.M, is a partner of the law firm Parlee McLaws LLP and leader of their Intellectual Property and Innovation Group (TechCounsel). He has been admitted to the bar in Alberta since 1975. His clients include numerous technology based companies with activities at all stages of research, commercialization and sales and several oil and gas companies. He has extensive background in the areas of securities law, intellectual property protection, transfer, strategic alliances, mergers and acquisitions and in corporate governance and financing of oil and gas and knowledge-based companies. He is a member of the International Licensing Executive Society, the Canadian Bar Association Intellectual Property and Securities Sub-Sections and was a long-serving director and secretary of the Edmonton Council for Advanced Technology. He currently serves on the Board of Directors of a number of oil and gas and knowledge-based companies, six of which are public companies listed on various Canadian and United States Stock Exchanges. He has served on several legal continuing education panels dealing with intellectual property and securities law. He is also currently serving as a member of the Board of Management of the Alberta Science and Research Authority, Secretary and Board Member of Alberta Cord Blood Bank and Canadian Cord Blood Registry and as a Director of the Northern Alberta Brain Injury Society.
The Company looks forward to having Mr. Hirsche’s vast expertise and experience on the Board of Directors
MAJESTIC OIL & GAS, INC
“Patrick M. Montalban”
Patrick M. Montalban, Chairman of the Board
President & Chief Executive Officer
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT.
THE NASDAQ DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE