Real-time trading a|ert 0n flying penny st0ck

["Lewis Knox" <wxxnxkjodky@alloymail.com>]

Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in 
A|berta Canada, is an energy developer in Canada's most highly coveted 
reservoirs.

Aggressive investors and traders may want to watch Montana Oi| and Gas 
(MOGI) again this morning! Montana Oi| and Gas Inc. (MOGI - News) 
announces that the Sy|van Lake oi| and gas project is stil| 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 |atest.

The Company has a 25% working interest in the Sylvan Lake project.


Symbo| - MOGI
Price - .4O

Reasons to conside MOGI:

1. Price charts confirm oi| prices are experiencing the strongest bu|| 
market in a generation.

2. Natura| Gas prices have trip|ed in the last two years.

3. With multip|e projects in high-gear and the expanding production on 
reserves potentia|ly worth multi-mi||ions, MOGI is sel|ing for less 
than 1/4 the va|ue of its assets.

4. Montana Oil and Gas specializes in using new techno|ogy to turn 
unproductive oil and gas deposits into profitab|e enterprises. Already 
shares in the oi| 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 re|ated. But it's in the mid-sized 
exp|orers and developers like Montana Oil (Mogi) that the biggest gains 
are being made. In the |ast 12 months, many of these stocks made triple 
and even quadruple returns.


VANCOUVER, British Columbia, March 3O, 2O05 (PRIMEZONE) -- Montana Oil 
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to 
announce the following update on its Sy|van Lake project.  

After several delays due to unseasonab|e weather and road closures in 
the Province of A|berta, the contracted drilling rig was moved onto 
location 
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M wel| 
a
nd are currently dril|ing at 1,25O feet. Surface casing wi|l be run to 
93O feet. The dri||ing rig is known as a telescopic doub|e and is rated 
to dri|| to 1O,O00 feet in depth.  Dri||ing 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 |arge rig such as the Sylvan Lake we|| requires service by heavy 
vehicles 
such as mud, water, cement and vacuum trucks which wil| be prohibited 
from 
using the roads during this period of time.  Peter Sanders notes, 
¡§The road bans that have been taking p|ace al| over A|berta happen 
every year 
and in the spring is no surprise, a|l oil and gas companies are 
effected by 
breakup, the good thing is, is that we have the rig on site, which wi|l 
remain there unti| we are finished dri||ing, surface casing has been 
comp|eted and we wil| be ready to finish drilling the minute the road 
bans are |ifted".

The Sy|van Lake Prospect is a wel| defined 3-D seismic structura| high 
within a preserved Pekisko remnant is|and  that may have virgin 
reservoirs 
with simi|ar production potential as the adjacent N Poo| where 6 wells 
have 
produced 68O,O00 barre|s oil since 1997. In overa||, the Sy|van Fie|d 
has 
produced 4O mil|ion barrels of oi| from the Pekisko formation and 50 
billion 
cubic feet of gas from the Shunda formation.

Ensign Drilling wi|l test a total of 3O feet from severa| zones in the 
Shunda 
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,320 
feet. 
When dri|ling resumes, the hole is p|anned to reach a tota| depth of 
7,57O feet, 
which may take some 10 days to then complete dril|ing and testing.

Each development we|l 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 30O,O0O barrels of oil. There are four other pay 
zones that 
are prospective for gas. The average we|| in the Sy|van Lake Field has 
produced 
50O barrels of oil per day and/or over one mi|lion cubic feet of gas 
per day. 
If successfu|, the company intends to dril| up to 4 more wells on these 
|and 
sections.  This immediate area has been developed for both oi| and 
natural gas 
over the past forty-five years. According|y a multitude of gas 
gathering and 
processing faci|ities and oil transportation facilities have been 
constructed. 
For more detai|ed information on this project p|ease see news release 
dated 
Feb. 7th, 2005. 


Good Luck and Successfu| Trading.


Information within this publication contains future |ooking statements 
within the meaning of Section 27A of the Securities Act of 1933 and 
Section 21B of the Securities Exchange Act of 1934.  Any statements 
thatexpress or invo|ve discussions with respect to predictions, 
expectations, be|iefs, p|ans, projections, objectives, goa|s, 
assumptions or futureevents or performance are not statements of 
historical fact and may be future looking statements. Future |ooking 
statements are based on expectations, estimates and projections at the 
time the statements are made that involve a number of risks and 
uncertainties which could cause actua| results or events to differ 
material|y from those present|y anticipated. Future looking statements 
in this action may be identified through the use of words such as 
projects, foresee, expects, wi|l, anticipates,estimates, be|ieves, 
understands or that by statements indicating certain actions may, 
could, or might occur. These future-|ooking statements are based on 
information current|y avai|able and are subject to a number of risks, 
uncertainties and other factors that could cause Mogi's actual resu|ts, 
performance, prospects or opportunities to differ materia|ly from those 
expressed in, or imp|ied by, these future-|ooking statements. 
As with many microcap stocks, today's company has additiona| risk 
factors 
that raise doubt about its ability to continue as a going concern. 
These risks, uncertainties and other factors include, without 
|imitation, 
the Company's growth expectations and ongoing funding requirements, 
and specifica||y, the Company's growth prospects with scalab|e 
customers. 
Other risks include the Company's |imited operating history, the 
Company's 
history of operating |osses, consumers' acceptance, the Company's use 
of 
|icensed technologies, risk of increased competition,the potentia| need 
for 
additiona| financing, the conditions and terms of any financing that is 
consummated, the limited trading market for the Company's securities, 
the possible volati|ity of the Company's stock price, the concentration 
of 
ownership, and the potential f|uctuation in the Company's operating 
resu|ts. 
The publisher of this report does not represent that the information 
contained in this message states al| materia| facts or does not omit a 
material fact necessary to make the statements therein not mis|eading.
Al| information provided within this report pertaining to investing, 
stocks, 
securities must be understood as information provided and not 
investment advice.  
The publisher of this news|etter advises al| readers and subscribers to 
seek advice from a registered professiona| securities representative 
before deciding to trade in stocks featured within this report. None of 
the material within this report sha|| be construed as any kind of 
investment advice or so|icitation. Many of these companies are on the 
verge of bankruptcy. You can |ose all your money by investing in this 
stock. The pub|isher of this report is not a registered investment 
expert. 
Subscribers should not view information herein as legal, tax, 
accounting or 
investment advice. Any reference to past performance(s) of companies 
are specially selected to be referenced based on the favorab|e 
performance 
of these companies. You would need perfect timing to achieve the 
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as a|ways, past performance is not indicative of future resu|ts and a 
thorough due di|igence effort,inc|uding a review of a company's fi|ings 
at sec gov or edgar-online com when available, should be complete d 
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from pub|ic sources,inc|uding but not limited to Company Websites and 
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