Agoracom: Small Cap Investment - Montello Resources - Re: Maybe by the end of the year

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Panamax

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Re: Maybe by the end of the year

posted on Dec 05, 2007 04:58AM

And all of those wells have oil that has a sweet grade "in the 40's" (Tex-Flora-the blowout, JB#1, and the condensates ftom Pincher). That product carries a premium because it takes much less refining to produce any high end products (like gasoline). The oil at JB#2 is going to be the same quality as the discoveries at JB#1 and Tex-Flora.

Since much of the oil being produced today is heavy (Orinoco-Alberta Tar Sands), any discovery of light oil is going to be very profitable. I think that is one of the factors that has MEO's management excited.