Majestic Oil & Gas, Inc Makes Wildcat Natural Gas Discovery in Northern Montana



    CUT BANK, Mont., Oct. 30 /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 the successful drilling of the Vandenbos #19-1 well, a wildcat
natural gas discovery.
    This exploration wildcat natural gas well located in Section 19-T29N-R5W,
Pondera County, Montana is the Company's most successful natural gas well
to-date.  The initial production of the Vandenbos #19-1 well was 750 MCF per
day, which is the highest production volume of any well so far.  With these
results, it was determined that the Lake Frances Field extends to the
northwest, proving up additional locations for drilling.  The production
interval on the Vandenbos #19-1 well is 2268' to 2284', with 16 feet of total
pay zone.  The Company has plans to complete this well within the next two
weeks in addition to constructing the pipeline necessary to connect this well
to the gathering system.
    Majestic Oil & Gas, Inc also completed the successful drilling of the B
Ag, Inc #25-1 well.  The Company is continuing to test this well and intends
to have the well completed and on production with the next two weeks, once the
pipeline work is finalized.
    Majestic Oil & Gas, Inc owns a 25% working interest in these two wells
and will release additional results once the wells are completed and placed on
production.

    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




For further information:

For further information: Majestic Oil & Gas, Inc, +1-406-873-5580, Fax, 
+1-406-873-2835, mjoag@bresnan.net Web Site:
http://www.majesticoilandgas.com/

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