MEO Montello Resources Ltd (Tier2)

Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") as Operator of the Morgan
Highpoint Project is pleased to announce that the Company has begun preparations
to drill the Morgan Highpoint # 5 Test Well.


The Morgan Highpoint # 5 Test Well is to be drilled on a parcel of land 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 lease site has already been surveyed and a drill pad location is currently
under construction. Accordingly, a spud date will be announced shortly.


The Morgan Highpoint # 5 Test Well offsets the Morgan Highpoint # 3 Discovery
Well which recently underwent an eight-hour production test that resulted in
excess of 250 barrels of light gravity oil flowing to surface with an associated
high gas/oil ratio. (For more on this, see our news release of March 27th, 2008
posted at www.sedar.com or www.montello.com.)


About Montello Resources Ltd.

Montello Resources Ltd. (TSX VENTURE:MEO), www.montello.com, is an emerging,
publicly traded company listed on the TSX Venture Exchange in Canada. Montello
is pursuing shallow oil and gas opportunities in Northern Alberta, engaged in
deep high impact drill projects in southern Alberta, as well as high impact oil
and gas exploration "hunting for elephants" in the Tennessee Appalachians.


ON BEHALF OF THE BOARD OF DIRECTORS

William R. (Bill) Cawker, President - CEO

Visit www.montello.com for ongoing updates & have your name included on our
mailing list.


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."

Grafico Azioni Montello Resources Ltd (Tier2) (TSXV:MEO)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Montello Resources Ltd (Tier2) (TSXV:MEO)
Storico
Da Lug 2023 a Lug 2024