Who are partner in #5 ?
in response to
by
posted on
Apr 02, 2008 07:23AM
Investor Inquiries: 604-649-0080
CALGARY, ALBERTA--(Marketwire - March 10, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO) announces that the participating interests in the Morgan Highpoint # 3 and # 4 Test Wells are as follows: Montello, as Operator, is paying 15% of all costs associated with both the Morgan Highpoint # 3 and # 4 Test Wells to earn a 35% interest in the associated production spacing units. Austin Developments Corp. (TSX VENTURE:AUL) is paying 20% of the costs to earn a 30% interest, Blackrock Petroleum Corp. (OTCBB:BRPC) is paying 60% of the costs to earn a 30% interest and Park Place Energy Corp. (OTCBB:PRPL) is paying 5% of the costs to earn a 5% interest.
CALGARY, ALBERTA--(Marketwire - April 2, 2008) - 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.
#3 & #4 were drilled on a leased land, isn't it ?
If it's on their land, then MEO part is 55%...
any comments ?
ecce