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| | Montello Resources Ltd., www.montello.com is a publicly traded company listed on the TSX Venture Exchange trading under the symbol (TSX-V MEO). Management is engaged in high impact oil and gas exploration "Hunting for Elephants" by twinning/offsetting two wells that according to 3rd parties that we believe to be reliable, came on initially at 800 barrels of oil per day and the other anywhere between 250 to 500 barrels per hour in the Appalachian Mountains, at Highpoint Morgan County, in Northern Eastern Tennessee. Montello is drilling under-balanced to the basement estimated to be between anywhere from 7000 feet up to a 9500 foot depth. Some of the information on the two wells drilled in 2002 and 2003 and regarding the significant pressures incurred at similar approx.depths between 2400 to 2600 feet, may be found in our Related Articles Section. We're looking for the source of this tremendous pressure. Please see lots of 3rd party data in our Tennessee Project and Related Articles Sections for your perusal. The Company's primary goal this summer onwards is to organize and conduct a high impact drilling program "Hunting for Elephants" utilizing the latest in modern drilling techniques in a part of the state of Tennessee where a limited number of deep tests have been drilled from the late 1960's through to the early 1980's. Montello is also searching for potential high impact exploration drilling opportunities back home in the Province of Alberta "Canada's Long-time Oil and Gas Leading Province." LATEST ARTICLES: READ ABOUT THE POTENTIAL OF THE APPALACHIAN BASIN For further information please contact: Larry Myles at lmyles@montello.com weekdays at 604-408-7600 from 7:00 am PST until 3:00 pm PST. Feel free to include your name on our Preferred Mailing Contact List by emailing Larry Myles and cc: President-CEO-Chairman Bill Cawker at bcawker@montello.com as well. Disclaimer: The particulars contained herein were obtained by sources believed to be reliable but may contain forward looking statements and may be incomplete and therefore are not guaranteed by Montello Resources Ltd. or its US Operation subsidiary. Opinions expressed herein do not necessarily reflect those of Montello Resources Ltd personnel. Any comments provided above should not be construed as a solicitation offer to buy or sell any securities mentioned herein. Any Securities possibly discussed may not necessarily be suitable to all types of investors, so it is important to do due diligence and speak to a qualified Investment Advisor re your particular situation.We seek Safe Harbour. The above as well as various narratives on this web site may contain certain forward-looking statements, including management's assessment of future plans and 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. Such risks and uncertainties include, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Corporation will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the 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 any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws." | | | | | |
| ©2005 Montello Resources Ltd. All Rights Reserved. | Disclaimer | |||||||
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