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Gold/Mining/Energy : Montello Resources

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To: Elly Vasilopoulos who wrote (3853)12/14/1999 11:21:00 AM
From: JP  Read Replies (2) of 4256
 
<< Evaluation of extensive geological and geophysical data has identified several drill targets. Drilling targets include a D3 Leduc pinnacle reef buildup and a Beaverhill Lake / Swan Hills barrier reef. The isolated D3 Leduc pinnacle reef target is approximately 2 miles from a producing pinnacle with an original estimated 5 million barrels of recoverable oil reserves. The mapped pinnacle feature on Montello lands is on the same Leduc platform as the producing pinnacle and both are located immediately in front of the massive prolific Sturgeon Lake Leduc complex.>>

Let do some math - If they came up with 5 million barrels - at $10 profit per barrel. Split with the drilling and operating company - MEO gets $25,000,000. Lets say over 10 years. Wouldn't that be nice!

I am also betting that investment.ca could turn into a gusher - we need a good Canadian stock site now that companies like SI can't give us decent quotes!!! JP
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