Vol. 60 - THE SECOND COMING OF MONTELLO

Dear Member,

This week we are bringing one of our featured companies back into the limelight at an important time. Recent events in Tennessee have warranted this long awaited update on Montello Resources (MEO:TSXV) our oil and gas company from 2007 and leading off 2008. Development at their Morgan Highpoint #3 and #4 Test Wells has been accelerating in recent weeks with multiple news releases since February.

Montello, led by President and CEO Bill Cawker, have been forging ahead at the Morgan Highpoint County, of Tennessee. All of their advancements have taken place amidst speculation from a nation as to what lies below the ground at Morgan Highpoint. We are sending this early notification "Weekly Volume" because there has been major development in their search for a high pressure zone at the Morgan Highpoint #3 Test Well as they have recently suspended drilling due to the encounter of hydrocarbons. Last day they announced drilling to depth of Morgan Highpoint #4 and that they are moving back to Morgan Highpoint #3 Test Well. We feel the market is sending us a message, given Montello's recent trading and volume, we think everyone should once again commence their due diligence on this highly speculative situation.

When we first featured Montello (September 2007) they were trading at $0.14 per share and within 6 weeks of our notification they climbed to $0.26, showing a tremendous profit opportunity for our members. At this moment Montello is sitting at $0.185 on huge volume, having traded over 28 million shares since mid February.

Let's quickly recap the potential of this region and why we selected Montello Resources (MEO:TSX-V) as our featured oil and gas company seven months ago.


Montello Resources
is literally positioned in the heat of three of the largest blowout wells in the recent history of the Eastern United States. These aren't the only prolific ones to have occurred in the area either, as our research is starting to indicate.

NUMBER 1: In 2002, Pryor Oil hit a high pressure zone which indicated massive oil and gas at their Howard White #1 Well. US Government Sources in various reports, state that the reported oil flow was over 500 barrels per hour of light crude oil (12,000 barrels of oil per day for two days) before it was shut off. These are staggering numbers.

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Alicias
+231-28

Re: Vol. 60 - THE SECOND COMING OF MONTELLO

I wouldn't say that 750 per day is not enough to bump the share price up, it is more to do with the markets in my opinion. But before we start wondering why we aren't in the high.20's lets see hat happens in T.

palmdesert
+125-32

Re: Vol. 60 - THE SECOND COMING OF MONTELLO

how many barrels is needed to make this play overlly economical??

750 per day was not enough I see, great timing on the release Pinnacle, unfortunately the share value has not improved drastically,

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