ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MEO Montello Resources Ltd (Tier2)

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Montello Resources Ltd (Tier2) TSXV:MEO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Montello et al Encounter Hydrocarbons In Morgan Highpoint #5 Offset Test Well

23/04/2008 2:15pm

Marketwired Canada


Montello Resources Ltd. (TSX VENTURE:MEO), as Operator of the Morgan Highpoint
Project, is pleased to announce that the Company has drilled and logged the
Morgan Highpoint #5 Test Well to total depth. Hydrocarbons were encountered
during the drilling of the well.


Montello and its JV Partners are encouraged with the results achieved to date on
the Morgan Highpoint Project and look forward to announcing completion plans in
due course. Montello has engaged an energy services company and will be meeting
with the partners to discuss the most efficient way to move forward on the
Morgan Highpoint #4 and Morgan Highpoint #5 Wells.


The Morgan Highpoint #5 Well was drilled on a parcel of land that was recently
acquired as part of the Morgan Highpoint Project and is strategically located
between the Morgan Highpoint #3 Discovery Well and the Howard White #1 Well. The
earned interests in the Morgan Highpoint #4 and #5 wells are Montello 35%,
Austin Developments Corp. 30%, Blackrock Petroleum Corp. 30% and Park Place
Energy Corp. 5%.


About Montello Resources Ltd.

Montello Resources Ltd. (TSX VENTURE:MEO), is an emerging, publicly traded
company listed on the TSX Venture Exchange in Canada. Montello is pursuing
shallow oil and gas opportunities in Alberta and engaged in drilling high impact
oil and gas exploration prospects "hunting for elephants" both in the Tennessee
Appalachians as well as in Alberta. For further information, please visit the
website at www.montello.com for ongoing updates & have your name included on our
mailing list.


ON BEHALF OF THE BOARD OF DIRECTORS

Montello Resources Ltd.

William R. (Bill) Cawker, President - CEO

Reader Advisory: This news release contains certain forward-looking statements,
including management's operations and capital expenditures and the timing
thereof, that involve substantial known and unknown risks and uncertainties,
certain of which are beyond the Corporation's control. The Corporation's actual
results, performance or achievements could differ materially from those
expressed in, or implied. Investors are cautioned that forward-looking
statements are inherently uncertain and involve risks and uncertainties that
could cause actual results to differ materially. There can be no assurances that
future developments affecting Montello will be those anticipated by management.
Furthermore any forward-looking statements contained in this news release are
made as at the date of this news release and the Corporation does not undertake
any obligation to update publicly or to revise them whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws. We Seek Safe Harbor.


"BOEs may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead."


1 Year Montello Resources Ltd (Tier2) Chart

1 Year Montello Resources Ltd (Tier2) Chart

1 Month Montello Resources Ltd (Tier2) Chart

1 Month Montello Resources Ltd (Tier2) Chart

Your Recent History

Delayed Upgrade Clock