latest news releases from the newsroom
Montana Oil & Gas, Inc.
Montana Oil and Gas Announces Details of its Next Well
VANCOUVER, B.C., Jan. 31, 2005 (PRIMEZONE) -- Montana Oil and Gas Inc. (Pink Sheets:MOGI) is pleased to announce that its' joint venture partners Energy 51 Inc., have been issued a well license from the AEUB (Alberta Energy and Utility Board). Montana Oil and gas, along with its joint venture partners, intend to drill the first of several potential wells in the immediate area. Montana Oil and Gas will participate in a minimum 4 well program on a third for a quarter basis called Sylvan Lake, located west of Red Deer, Alberta. Montana Oil and Gas's cost per well is $180,000 USD, with the first well to be drilled as soon as a drilling rig becomes available (The company anticipates this to happen in next few days). It is a 7,200-foot Peskisko Sand test that is prospective for oil and in upper pay zone "Shunda" for gas. Each development well has probable production of minimum 150 barrels of oil per day and 750,000 cubic feet gas per day with potential reserves in excess of 1 billion cubic feet gas and 300,000 barrels oil. There are five prospective pay zones, the average well in the Sylvan Lake Field has produced 500 barrels oil per day with over one million cubic feet gas per day. President Peter Sanders commented, "With the recent news concerning one of the largest finds ever in the Sylvan Lake area by a major, we feel very confident in our next decision to drill."
Trintech Group Plc
S&K Famous Brands Selects Trintech's DataFlow Transaction Network and ReconNET to Deliver Improved Operational Control
DALLAS and DUBLIN, Ireland, Jan. 31, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that S&K Famous Brands, a retailer of menswear with stores in 27 states, has selected Trintech's DataFlow Transaction Network to collect, format and deliver daily banking data, and ReconNET to automate the verification and reconciliation of its cash and checks with its banks. S&K Famous Brands expects to further improve operational control and reduce exposure to risk, while decreasing costs, improving productivity and maximizing the use of available funds.
PKG Entertainment Secures Major National Distribution through Navarre
DENVER, Jan. 28, 2005 (PRIMEZONE) -- PKG Entertainment (formerly PEAK Entertainment Group Ltd., Inc) (Pink Sheets:PEKG), a talent incubator and entertainment property development company, announced today that it has executed a three-year distribution agreement with Navarre Corporation (Nasdaq:NAVR), a leading distributor of propriety and non-propriety home entertainment PC software, music and DVD.