Q3 ( April 30-08) financials and MD&A are now on www.Sedar.com .

"Logistics are being finalized at the time of writing June, 2008, to mobilize specialized equipment from Canada and United States to perform the remaining contemplated exploration-stimulation-completion programs on #3, #4, and #5 wells. They were anticipated to commence withing four to six weeks of the May 8, 2008 news release but various factors have delayed the program including mobilizing equipment, services, crews, financing, etc."

and

"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 agressively pursuing acquiring additional mineral leases and drilling / re-completion opportunities in Morgan County, Tennessee."