JB #2 is cased so logging will take 30 hours.

JB #4 should take about 12 hours.

I do not know how long it will take to evaluate and complete these two wells.

I suspect there will be at least two zones to be evaluated and completed for JB #2.

JB #4 is approximately 1/2 mile from HW #1, so I believe its flow could be between 750 and 3000 bpd (12,000 bpd uncontrolled / 4).

The stock market gives 0.35 * 750 bpd a value of 17.5 cents a share for Montello. When JB #2 and #4 are completed MEO should be over 0.50 cents. I anticipate that the P/CF multiples attributed to MEO will increase and further news releases will increase the share price of MEO to the 70 cent range.