VANCOUVER, British Columbia, Oct. 4, 2004 (PRIMEZONE) -- Montana Oil & Gas (Pink Sheets:MOGI): Peter Sanders, President, has been advised by Energy 51 that the 1-5-60-25 well has been drilled to total depth of 3,300 feet. On the basis of log evaluation production casing is being set in the well bore today with perforation and production testing of the well to begin as soon as possible. The evaluation of various logs indicate the well's permeability and porosity from the Ellerslie formation (the primary pay zone) is similar to pre-existing producing wells in the immediate area.
Production test results will be released on receipt of the same.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
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