Montello Resources Ltd.
TSX VENTURE : MEO

Montello Resources Ltd.

November 06, 2007 16:02 ET

Montello Directionally Drilling Ahead While Under-Balanced to Targeted Areas

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2007) - Montello Resources Ltd. (TSX VENTURE: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 VENTURE: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. (Bill) Cawker, President-CEO

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.

Contact Information