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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: griz who wrote (4155)	3/16/2000 10:30:00 PM
From: ddl	Respond to of 4256

From a Stockhouse post: Found this tonight on MEO's homepage Thu Mar 16, 2000 Montello's Oil Property Joint Ventured -------------------------------------------------------------------------------- Montello Resources Ltd. has entered into a Joint Venture Agreement with an Alberta based Private Company to drill Montello's Sturgeon Lake, Alberta oil property. A single wellbore will evaluate a seismically defined Devonian Leduc reef pinnacle buildup with an anticipated recoverable reserves estimate of 5 to 8 million barrels of oil. The pinnacle appears to be approximately « mile wide and 400 feet high. Located at the hinge point and shelf break of the Leduc platform, the isolated pinnacle feature is in an optimum geological position for growth development and oil accumulation. The same wellbore will test a seismically defined Devonian Swan Hills barrier reef (up dip and up structure of an existing Swan Hills discovery) with an anticipated recoverable reserves estimate of 1.5 million barrels of oil. The barrier reef appears long and sinuous (yielding additional drilling targets on the section) with approximately 35 feet of stratigraphic reef growth at the targeted location. Reef growth at Leduc and Swan Hills levels is supported by a dramatic Precambrian basement structure. Under the terms of the Joint Venture, the Private Company will pay 100% of the costs to drill, log, case, complete and equip the Test Well to earn 50% Working Interest After Payout (APO) in the wellbore and 50% Working interest in the entire section. Montello Resources Ltd. will be in a sliding Scale Royalty position Before Payout (BPO) in the wellbore and 50% Working Interest After Payout (APO) and retain a 50% Working Interest in the entire section. Beaver Drilling Ltd. will drill the well to a depth of 2800 Meters. Drilling, logging and evaluations is expected to take 14 to 18 days. Drilling is scheduled to commence April, 2000. For further information please contact Montello Resources Ltd. at 604-689-1799. ON BEHALF OF THE BOARD OF DIRECTORS MONTELLO RESOURCES LTD. Patrick Power PATRICK POWER President

To: griz who wrote (4155)	3/16/2000 11:12:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 4256

So, what's your point? I made money on MEO, then reinvested and broke even on MEO, then reinvested in ESTN on the COATS (an internet play) at 18 cents, and it is now at around $2.00. As well, I reinvested my profits in several legit junior miners, and have done quite well. I am sick and tired of hearing that "good news" on MEO seems to be always be "just around the corner" or "after the AGM" or "next week". For your sake, I hope I am wrong. Regards.