Montello Resources Ltd

Published : November 06th, 2007

Directionally Drilling Ahead While Under-Balanced to Targeted Areas

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MONTELLO RESOURCES LTD.
Suite 1206 - 836 5th Avenue S.W.
Calgary, Alberta
T2P ON5
Tel. (604) 649-0080
Tuesday, November 06, 2007 TSX Symbol: MEO
Montello Directionally Drilling Ahead While Under-Balanced to Targeted Areas

Calgary, Alberta November 6th, 2007 Montello Resources Ltd. (TSX Venture Exchange Symbol "MEO") ("Montello") is pleased to announce that the Joint Venture Partnership at Morgan Highpoint is utilizing the services of Canadian Integrity Drilling Inc. ("CIDI") of Calgary, Alberta for directional drilling optimization to our targeted areas. CIDI has 33 years of directional experience drilling all profiles from Build & Hold to "S" wells to Horizontals. http://www.canadianintegrity.com/services.htm

Wes Hansen, Vice President of Operations at CIDI, along with President Orrin Bliss and Technical Advisor Clinton White, bring over 63 years combined experience to the table. Mr. Hansen also provides many years of personal under-balanced UB drilling experience. He describes the importance of directional drilling while UB as solving two concerns primarily from a drilling performance or optimization point of view. Drilling UB using special directional equipment designed for UB can increase the drilling rate as much as 50 percent.

The second concern addressed is well bore wall integrity. By drilling UB the hydrostatic pressure is reduced allowing the well bore wall to remain intact and be drilled with little or no sloughing." Mr. Hansen believes further benefits from directional UB drilling at Morgan Highpoint could include an increased on bottom rate of penetration, reduced risk of differential sticking, reduced risk of loss of circulation and significantly less fluid to dispose of at the end of operations. The definition of under-balanced drilling is the act of drilling a well with a fluid gradient less than the formation gradient; this state allows formation fluid to flow into the well bore and thereby prevent blinding off of existing permeability and or porosity. Montello is pleased to have CIDI aboard.

Montello also wishes to acknowledge the timely advice of Operations Partner - Mud Engineer Clint Brennan of Dynamic Drilling Fluids Ltd. ("Dynamic") of Calgary Alberta. Clint's extensive deep hole experience reviewing key data with Dwayne Tyrkalo was invaluable in solving difficulties encountered during the recent casing of the hole to the Nolichcky Formation just above the Rome Formation.

Dynamic provides a variety of tools and services to flag and anticipate potential problems and has serviced more than 300 deep wells and thousands of shallow wells. Dynamic's top level mud experience helped us get back to drilling ahead now to 8,600 feet on the John Bowen #2 Test Well with casing, having successfully been set to the Rome Formation. It is anticipated that total depth of the well, as previously estimated, will be 9,500 feet.

About Montello Resources Ltd.

Montello Resources Ltd. (TSX-V: MEO), www.montello.com, is an emerging, publicly traded company listed on the TSX Venture Exchange in Canada. Montello is engaged in high impact oil and gas exploration "hunting for elephants" in the Tennessee Appalachians. Montello commenced drilling The John Bowen #2 Test Well on August 15th, 2007. The partners earned interests in the Test Well are Montello as to 55%, Austin Developments Corp. (AUL on the TSXV) as to 40% and Great Northern Oilsands Inc. (OTC: Pink Symbol "GNNS:PK") as to 5%.

The Morgan Highpoint Project is located in a part of the State of Tennessee where only a limited number of deep tests have been drilled. Montello is also active in the Pincher Creek Area in Alberta where Montello recently participated as to a 25% interest in a successful Recompletion of the Brown Sand and the Cadomin / Kootenay sections in the 1-11-4-29W4 well location. The Pincher Creek Field has been one of the most prolific fields in Alberta having produced some 600 BCF of gas and over 1 million barrels of associated liquids.

ON BEHALF OF THE BOARD OF DIRECTORS

"William R. Cawker"

William R. (Bill) Cawker
President-CEO

For further information contact Montello Resources Ltd.:
William (Bill) Cawker President - C.E.O. bcawker@montello.com
Larry Myles at 604-408-7600 lmyles@montello.com
Visit www.montello.com for ongoing updates & have your name included on our mailing list.

Reader Advisory: This news release contains certain forward-looking statements, including management's operations and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. There can be no assurances that future developments affecting Montello will be those anticipated by management. Furthermore any forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update publicly or to revise them whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. We Seek Safe Harbor.

"BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead."


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Montello Resources Ltd

CODE : MEO.V
ISIN : CA61238L1094
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Montello Res. is a gold exploration company based in Canada.

Montello Res. holds various exploration projects in Canada.

Its main exploration properties are BUFFALO HILLS (NICO), CHAIN LAKES (TYRELL) - MONTELLO and HINTON in Canada.

Montello Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 997 125 as of today (US$ 998 920, € 720 621).

Its stock quote reached its highest recent level on December 29, 2000 at CA$ 0.46, and its lowest recent point on January 29, 2010 at CA$ 0.01.

Montello Res. has 199 425 000 shares outstanding.

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Corporate Presentations of Montello Resources Ltd
10/9/2007Larry Myles Reports: The Montello Resources 'Blowout Well' ...
Financings of Montello Resources Ltd
3/19/2008 Announces Morgan County Tennessee Update & Extension of War...
10/22/2007closed its previously announced private placement of 8,202,1...
Option Grants of Montello Resources Ltd
10/31/2007 Updates Pincher Creek Activity; Grants Incentive Stock Opti...
Nominations of Montello Resources Ltd
6/24/2009Appoints New CFO, Concludes Executive Search
7/9/2007Approves Appointment of Drilling Advisor-Manager at Montello...
Financials of Montello Resources Ltd
11/20/2009Late Filing Of Annual Financial Results
Project news of Montello Resources Ltd
11/3/2007(Chain Lakes (tyrell) - Montello) Purchases John Bowen Land Package Complete With Mineral Rig...
Corporate news of Montello Resources Ltd
1/29/2014Director updates shareholders
8/12/2013Announces an Update on its Pincher Creek Asset
8/1/2013Announces Retraction of July 29, 2013 News Release
9/21/2012Announces an Update on its Pincher Creek Asset and Re-instat...
7/12/2012Announces an Update on its Pincher Creek Asset and New Partn...
5/25/2012Announces an Update on its Pincher Creek Asset
3/14/2012announces update on its reinstatement process and strategic ...
2/9/2012announces update to 23 December 2011 release
4/27/2011Provides Further Reinstatement Update
3/8/2011Provides Reinstatement Update
7/27/2010Corporate Update
1/21/2010President's Message
12/8/2009First Default Status Report
10/27/2009Files Lawsuit Against Pennine Petroleum and its President De...
9/16/2009Continues Asset Clean Up
8/5/2009ASC Continuous Disclosure Policies File satisfactorily close...
6/22/2009President's Message For June 17, 2009
6/17/2009Provides Operational Update
6/5/2009to be Reinstated for Trading June 8
2/16/2009Provides Updates on Operations at Pincher Creek, Alberta and...
12/18/2008Provides Updates on Highpoint, Tennessee & Pincher Creek, Al...
12/1/2008Provides Tennessee Update
11/25/2008Provides Update on Highpoint Tennessee, Pincher Creek and Mu...
11/20/2008Provides Update on Tennessee and Announces Small Financing
8/12/2008Provides Update on Tennessee and Alberta and Announces Finan...
8/1/2008on Tennessee; Management update
6/3/2008Announces Promotions and Additions to Management-Consultant ...
5/9/2008 Announces Completion Plans for the Morgan Highpoint Project
5/6/2008 Announces Potential Gas Discovery in John Bowen #2 Well, Re...
4/15/2008Spuds Morgan Highpoint # 5 Offset Test Well & Cancels Purcha...
4/9/2008 To Drill Morgan Highpoint #5 Test Well; Commence Logging of...
4/2/2008 Prepares for Morgan Highpoint # 5 Offset Test Well
4/1/2008Montello Prepares For High Impact Drilling/Re-Completion Pro...
3/31/2008Northern Alberta Update: Grouard and Mulligan; Two Successfu...
3/27/2008 Puts Morgan Highpoint # 3 "Discovery" Well On Production & ...
3/18/2008 Announces Under-balance Drillers Mobilize At Highpoint, Ten...
3/10/2008Montello Suspends Drilling Operations After Encountering Hyd...
2/14/2008 Prepares Site for Drilling John Bowen #3 Exploratory Well i...
1/3/2008 Welcomes VP of Exploration and VP of Infrastructure and B...
12/27/2007Acquires Additional Land in Tennessee; Pincher Creek 1-11 We...
12/17/2007Log/Evaluate John Bowen #2 Well In New Year & Conduct Financ...
12/11/2007 Closes Purchase of Vanguard Working Interest and Finishes D...
12/4/2007 Farms-in on Two Low-Risk Gas Exploration Wells in Northwest...
11/29/2007 Files NI 51-101
11/21/2007 Completes the Drilling and Casing of the John Bowen # 2 Tes...
11/15/2007 Reaches Total Depth & Contracts Haliburton to Log John Bowe...
11/6/2007Directionally Drilling Ahead While Under-Balanced to Targete...
11/2/2007 Acquires Additional Interest In Sarcee Project
10/24/2007 to Drill Under-Balanced Through Rome Formation to Basement
10/12/2007 Reaches Rome Formation In John Bowen # 2 Test Well Morgan C...
10/11/2007Updates John Bowen # 2 Test Well Morgan County Tennessee
9/13/2007Successfully Runs 9 5/8 Inch Intermediate Casing & Penet...
9/4/2007Begins to Set Intermediate Casing on John Bowen # 2 Test Wel...
8/21/2007Prepping to set Surface Casing; Contracts Strata Energy Serv...
8/15/2007Spuds the John Bowen #2 Well in Tennessee
8/9/2007 Brings On New Partner "Great Northern Oilsands Inc. (OTC: G...
8/2/2007and JV Partner Austin Developments Commence Drill Site Mobil...
7/25/2007and JV Partner Austin Developments Receive Drill Permit A...
7/24/2007Hires Well-Site Geologist Sloan for Morgan
7/20/2007Ramps-Up for High-Impact Drilling Program Morgan Highpoint
4/23/2007Drilling funds in place for Morgan Highpoint #1 Well Tyrkalo...
4/23/2007Receives Additional US $500,000 from JV Partner Austin; Drop...
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