It seems that MEO will start receiving some revenu by the end of April 2008.

 For Montello, led by CEO and President Bill Cawker, 2007 was a year of significant growth and change.

In August, the company entered into an agreement to participate in the Mannville recompletion of the Pennine Well at Pincher Creek, in southern Alberta. Four companies were involved in the effort. Specifically, Montello holds a 25% interest, with the remainder of the project held by Pennine (37.5%), Paramount Resources (25%), and a private company as the other JV partner.

The team soon found success, hitting pay dirt in September. Initial swabbing rates were 337 barrels of condensate and 500 million cubic feet (MCF) per day of natural gas. The company expects to begin receiving revenues from this well by the end of April 2008.

http://articles.webraydian.com/article5276-New_Year_and_Historical_High_for_Oil_Prices_Primes_Montello_to_Grow_Exponentially_Via_the_Drill_Bit.html

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