Montello Resources Ltd. as Operator of the Morgan Highpoint Project has begun preparations to drill the Morgan Highpoint # 5 Test Well in Alberta, Canada.
The Morgan Highpoint # 5 Test Well is to be drilled on a parcel of land recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint # 3 Discovery Well and the Howard White # 1 Well.
The lease site has already been surveyed and a drill pad location is currently under construction. Accordingly, a spud date will be announced shortly.
The Morgan Highpoint # 5 Test Well offsets the Morgan Highpoint # 3 Discovery Well which recently underwent an eight-hour production test that resulted in excess of 250 barrels of light gravity oil flowing to surface with an associated high gas/oil ratio.
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