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Message: 5/8 NR

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an interesting observation....on the one hand Morgan HP 20+ wells...then lessons learned looking for additional ....MEO breaking out of immediate area.....maybe back to the 52 wells gifted to AUL...and others.....this implies they fully undestand TN geology...



Montello is further pleased to announce that plans are underway to finalize the surface location from which the Morgan Highpoint #6 Well will be drilled. Montello and its partners now have approximately 1,500 acres of land tied up. Without acquiring any additional mineral leases, if the scheduled completion programs are as successful as contemplated, Montello and its partners are positioned to conduct a multi-well drilling program consisting of over 20 shallow oil wells and 2 additional deep gas wells. Based on the knowledge and understanding that Montello now has of both the shallow oil play and the deep gas play recently identified in the John Bowen #2 Well, Montello and its partners are now aggressively pursuing acquiring additional mineral leases and drilling / re-completion opportunities in Morgan County, Tennessee.


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