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Business Description: Engaged in the development of oil, gas and precious metals. The Company is currently focused on oil and gas properties located Eastern Tennessee. MORE INFORMATION: Montello Resources Ltd., http://www.montello.com is a publicly traded company listed on the TSX Venture Exchange trading under the symbol (TSX-V MEO). Management is engaged in high impact oil and gas exploration "Hunting for Elephants" by twinning/offsetting two wells that according to 3rd parties that we believe to be reliable, came on initially at 800 barrels of oil per day and the other anywhere between 250 to 500 barrels per hour in the Appalachian Mountains, at Highpoint Morgan County, in Northern Eastern Tennessee. Montello is drilling under-balanced to the basement estimated to be between anywhere from 7000 feet up to a 9500 foot depth. Some of the information on the two wells drilled in 2002 and 2003 and regarding the significant pressures incurred at similar approx.depths between 2400 to 2600 feet, may be found in our Related Articles Section. We're looking for the source of this tremendous pressure. Please see lots of 3rd party data in our Tennessee Project and Related Articles Sections for your perusal. The Company's primary goal this summer onwards is to organize and conduct a high impact drilling program "Hunting for Elephants" utilizing the latest in modern drilling techniques in a part of the state of Tennessee where a limited number of deep tests have been drilled from the late 1960's through to the early 1980's. Montello is also searching for potential high impact exploration drilling opportunities back home in the Province of Alberta "Canada's Long-time Oil and Gas Leading Province." Address: P.O. Box 1757, Station M, Calgary, AB, CA T2P 2L8 Telephone: (604) 649-0080 Website: http://www.montello.com Facsimile: Email: ir@montello.com CEO: William R. Cawker Employees: Market Cap: 26.34 m Issue Type: Common Stock Outstanding: 142.36 m Float: Short Interest: 35.78 k (as of 9/28/07) Short Int Ratio: 0.00 ... % of Float: FROM THEIR WEBSITE: http://www.montello.com Mon Sep 17, 2007 Share Capitalization for 2nd Quarter Fiscal 2007 ended January 31, 2007 The Company's principal business activities include the evaluation, acquisition, exploration and development of oil and gas properties in Western Canada and Tennessee, USA. 1. SHARE CAPITAL Authorized Unlimited Common shares without par value issued: 142,363,552 b. Issued Number of shares Value Balance as at July 31, 2006 103,438,343 $ 17,980,440 Issued for cash 12,720,000 1,272,000 Issued for cash pursuant to a flow through share private placement 6,419,000 898,600 Issued for cash on exercise of warrants 7,700,000 770,000 Issued for cash on exercise of stock options 4,172,000 428,200 Fair value transfer on exercise of stock options - 290,681 Issued for settlement of convertible debenture 7,914,209 870,562 Share issue costs (80.079) 142,363,552 $ 22,430,404 The Company has the following share common share purchase warrants outstanding at September 17th, 2007: Number of Warrants Exercise Price Expiry Date 1,828,884 $0.20 November 18, 2007 5,714,209 $0.11 September 30, 2008 6,419,000 $0.20 March 21, 2008 12,720,000 $0.13 December 13, 2008 26,682,093 The following table summarizes information about options outstanding at September 17th, 2007: Number of Shares Exercise Price Expiry Date 1,500,000 $0.13 September 16, 2010 1,000,000 $0.11 January 6, 2011 1,685,000 $0.10 June 7, 2011 200,000 $0.11 September 14, 2011 550,000 $0.11 November 9, 2011 2,930,621 $0.11 December 21, 2011 558,900 $0.15 February 9, 2012 500,000 $0.135 March 6, 2012 361,500 $0.11 April 21st, 2011 2,900,000 $0.14 Sept 5th, 2012 12,186,021 DISCLAIMER: This message board is not affiliated with any company or organization. No endorsement of or by any company or organization is implied by the posts on this board. You are responsible for your own decisions - post wisely and research before investing.
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#31 So much for the Break-out, now a break-down..short man alive 04/26/2008 04:57:39 PM
#30 Point and Figure breakout.. man alive 04/15/2008 01:41:01 PM
#29 it was nice so thanx to all,,,Montello Resources mick 03/22/2008 01:21:24 PM
#28 first two can tell ya this. mick 03/22/2008 01:07:03 PM
#27 i had no idea there are three forums mick 03/22/2008 01:05:28 PM
#26 man alive, i put it together. i try mick 03/22/2008 01:04:11 PM
#25 ya your right, I'll speak with Matt about it contractor10940 03/21/2008 01:31:30 PM
#24 Contrac.. No, but I feel this one has man alive 03/21/2008 01:23:53 PM
#23 is there really a need for 3 Montello contractor10940 03/21/2008 01:06:34 PM
#22 greeenM.. I'm sure you checked the quote/news link man alive 03/18/2008 10:04:57 AM
#21 Looking for more PR soon greenmonster 03/12/2008 08:48:51 AM
#20 .18 x 18.5 this morning premarket. greenmonster 03/11/2008 09:24:36 AM
#19 Need to keep the MoMO ! greenmonster 03/11/2008 09:21:23 AM
#18 News out today.. High of .19 so far man alive 03/10/2008 02:23:49 PM
#17 New Year and Historical High for Oil Prices pplatte9 01/22/2008 06:48:32 PM
#16 Detailed Quote for Montello Resources Ltd (V.MEO) mick 11/05/2007 03:56:40 PM
#15 o.k., good afternoon. is that uranium purchase? mick 11/05/2007 03:56:07 PM
#14 820 Acres from what i have found. greenmonster 11/05/2007 07:45:54 AM
#13 was this acquisition a large one? mick 11/04/2007 11:54:37 AM
#12 hi pplatte, interesting company. mick 11/04/2007 11:52:49 AM
#11 hi monster, looks like this drilling company is mick 11/04/2007 11:51:25 AM
#10 hi pete, good morning. i didn't know there mick 11/04/2007 11:50:35 AM
#9 11 - Acquisition carried out privately greenmonster 10/18/2007 10:49:19 PM
#8 The management is hogging the options all of greenmonster 10/18/2007 10:22:14 PM
#7 Gas Discovery in Alberta Drives Montello toward 12-Month High pplatte9 10/17/2007 05:05:32 PM
#6 hi pinkeyepete, thanx for the great comment. mick 10/12/2007 09:01:55 PM
#5 hi greenmonster, i hope we will see the mick 10/12/2007 09:00:19 PM
#4 MEO has alot of potential greenmonster 10/12/2007 06:04:53 PM
#3 It looks like they are ready to punch pinkeyepete 10/12/2007 03:53:28 PM
#2 V.MEO or [MEO.V on yahoo and charts]. mick 10/11/2007 05:30:35 PM
#1 i started this one for V.MEO because of mick 10/11/2007 05:15:15 PM
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