Majestic Oil & Gas, Inc to Drill One Wildcat Oil Well & Two Natural Gas Wells in Northern Montana



    CUT BANK, Mont., July 24 /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 the Boucher #18-1 well located
in Pondera County, Montana, bringing the total number of successfully drilled
wells to-date to six.  The Boucher #18-1 well is the first well of a
three-well drilling program, planned by the Company.
    This natural gas well is located in Section 18-T29N-R5W, Pondera County,
Montana.  The initial production test of the Boucher #18-1 well was 3.6 pounds
on a 1" orifice, which is 270 MCF per day.  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 Boucher
#18-1 well is 2324' to 2338', with 14 feet of total pay zone.  The Company has
plans to complete this well within the next week in addition to constructing
the pipeline necessary to connect this well to the gathering system.
    Majestic Oil & Gas, Inc owns a 25% working interest in this well and will
release additional results once the well is 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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