CUT BANK, Mont., Nov. 19 /CNW/ -- Majestic Oil & Gas, Inc (the
"Company"), (OTC Bulletin Board: MJOG) a United States Public Company whose
securities are qualified for quotation on the Over the Counter Bulletin Board
today announced that the Company successfully drilled and ran 4-1/2"
production casing in the Jody Field #4-1 well located in Pondera County,
This exploration wildcat oil well was drilled in the NENENE-Section
4-T28N-R6W, Pondera County, Montana to a Total Depth of 3,545 feet. The
Company made a discovery in the Madison/Sun River Dolomite and encountered 3
separate pay zones. The first pay zone was from 3446' to 3454' (8 feet) with
porosity of 8% to 10%. The second pay zone was from 3456' to 3464' (8 feet)
with porosity of 8% to 11%. The third and most prolific zone discovered was
from 3466' to 3488' (22') with porosity of 12% to 19%. This is a total
discovery of 32 feet in the Madison/Sun River Dolomite. All zones showed
excellent resistivity on the array induction tool, good permeability on the
micro-log and excellent oil and gas shows throughout the geologic samples.
These shows included a strong petroliferous odor, uniformed yellow
fluorescence and live light brown oil stains in samples with a strong flowing
cut in trichloroethane.
The Company owns a 25% interest in this wildcat oil well and plans to
complete the well within the next few weeks.
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
For further information:
For further information: Patrick M. Montalban, Chairman of the Board of
Majestic Oil & Gas, Inc, +1-406-873-5580, fax, +1-406-873-2835,
firstname.lastname@example.org Web Site: http://www.majesticoilandgas.com