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| | Wed Aug 8, 2007
Ky/Tenn Report Volume 14, Number 8 August 2007
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| | MONTELLO RESOURCES PERMITS DEEP TEST-Montello Resources Ltd. (TSX Venture: MEO) has permitted a 7,500 test in the Twin Bridges Quad in Morgan County. The John Bowen #2, Permit #11469 is located in Section 7-5S-57E, 3150 FSL-2350 FEL. Houston-based Nabors Drilling USA, the drilling contractor, moved in the rig with a reported 50 loads of equipment, including a triple rig. According to the company, all pre-drilling preparations have been completed, including drilling the rat-hole. The test is expected to be to basement (Pre-Cambrian) to a depth of the Granite Wash Shale. The company says it will be testing and evaluating as they drill under-balanced and plans to run a full sweep of logs. The company also notes on its web site that "With Drilling success and Montello's accumulation of strategic acreage for this program, we wish to initiate a multiple well program and "hunt for Elephants" utilizing a minimum spacing unit of 160 acres per well.
FALL TOGA MEETING, SEPT 13TH, OAK RIDGE COUNTRY CLUB-The fall TOGA meeting with be held Thursday, September 13th at the Oak Ridge Country Club, hosted by Griffith Services. The Board of Directors will meet prior to the 6:30 p.m., reception and dinner. The Doubletree, Oak Ridge, has a special $99 rate for TOGA members. Cut off date for the special rate is August 30th. Call the hotel at 865-481-2468 and mention TOGA to get the special rate.
SOMERSET REFINERY STATUS REMAINS UNCERTAIN- The attorneys for the new owners asked us to enclose bankruptcy court documents informing producers how to file a claim for the oil sold to SKPC that was not paid for. However, the new owners held a series of meetings last week with producers telling them they were asking the court to terminate the bankruptcy proceedings. In the meantime, the previous owners have a suit moving through the court system that would set the sale to the current owners aside and allow them to bring in new investors and managers. Stay tuned.
BARRETT OIL PURCHASING GROWING TO MEET DEMAND- Albany, Ky-based Barrett Oil Purchasing said in a recent letter to landowners and operators, " We once were a three employee, two truck family run company (we are still a FAMILY run company.) But as of the end of July, when our latest 2 new tractors and tankers arrive, we will have 27 great employees and 18 trucks that we are very proud of. And as the need arises more trucks will be ordered and more employees will be hired.
"We are writing this letter so you are personally informed of the improvements we have in the process of completing, that will make our company more efficient in hauling your oil. Barrett Oil Purchasing will be running 2 shifts of tankers to Ashland, Ky, by the middle of August. We are presently moving the maximum amount with 1 shift, but the 24 hour a day/7 day a week unloading facility that is currently being built will give us the ability to move our oil out of the fields and into the refinery even quicker."
STATE ISSUES WATER POLICY STATEMENT-Disposal of Certain Produced Water (Salinity 2,400 mg/l and no visible oil Produced Water (Pit Water) requiring disposal may be handled in the following manner if the salinity concentration is the same or less than the above number. The salinity must be measured prior to each water removal. The water may be pumped into a truck or other vehicle equipped with a tank and spraybar. It can then be sprayed on loose aggregate surface roads as long as the water being disposed does not enter waters of the state of Tennessee. Water meeting the above requirement may also be spray irrigated on site. Like road application, irrigated releases may not result in ponding or runoff to a stream.
Transport for Deep Well Injection-The facility operator may elect to transport the water off-site for injection into a well approved for disposal
FLUID FLOW JOINS TOGA-Fluid Flow Producers, Inc., is an authorized distributor for Cameron Measurement Systems, manufacturer of the Barton Chart Recorder, Scanner series of electronic flow measurement instrumentation, the differential measure cone meter and other related products. For more information, contact Don Davis 7-4-841-6821 or cell 704-905-6818 or Oil & Gas Desk 800-222-229, extension 6812. Email dandvais@fluidflow.com.
JACKSON COUNTY OPPORTUNITY-We are very interested in leasing 47.29 acres in Gainesboro, Jackson County, Tennessee for natural gas and /or oil leasing. Please contact Joe Whittenton at 870-270-6072 jwwhit@starban.net or Francis Whittenton at 404-803-1353 mfwhittenton@earthlink.net if there is an interest.
TENNESSEE JULY PERMITS: Anderson County - Atlas America, Coal Creek Mining & MFG CC-2132, 5,675', CC2108, 8,535, CC-2118, 4,185', CC-2117, 4,000', CC-2119, 4,200', CC-2131, 5,585', CC-2122, 6,300', CC-2125, 6,515', Windrock / Ariana Energy, LLC, The Coal Creek Co., LC13, 3,100', LC15, 3,500', LC12, 3,100', LG14, 3,400', Vinland Energy Operation, The Coal Crek Co LC16, 3,300', Lake City Fentress County - Adventure Enterprise, Inc., Wilma Pinkley ETAL A-1, 2,000', Riverton Hawkins County - Tri Global Holdings, Ben Helton #2, 2,000', Camelot Morgan County - Atlas America, Coal Creek Mining & MFG CC-2130, 4,450', CC-1113, 4,525', CC-2128, 4,225', CC-2127, 4,225', Petros / Ariana Energy LLC, Glen Long #3, 2,700', #2, 2,700', Cardiff / Montell Resources LTD, John Bower #2, 7,500', Twin Bridges Overton County - National Energy Development, Angela Guffy 3-N, 2,000' / OV Storey 2-N, 2000' / Riverside Oil & Gas, Inc., Charles J. Vaughn, BH21, 2,000' / Wilburn Wright Trust c/o Ed Wright, 2,000', Alpine Pickett County - Furion Energy, Larry & Netta Beaty, Angel Rose #4, 1,999' / Rome Oil & Gas Co., Coleman Crouch 1-A, 2,000', / TN Oil Co., Betty Rich #2, 2,000', Moodyville Scott County - Appalan Petroleum, Todd Heirs #5, 2,000', #6, 2,000', #8, 2,000', / Bill Ray #1, 2,000', Robbins / Atlas America LLC, Fund 7 Domestic Surf BR-1149, 3,420', BR1148, 3,835', BR-1150, 3,450', Fork Mountain.
KENTUCKY JULY PERMITS: Adair County - Rick-Rod Oil Inc., Olinger, Ralph, #3, Reliford, Larry, #1, New Oil Investments, Inc., Bennett, Jimmy & Pat, #4, Camco, Inc., Holladay, Frank, #5, Knox Gp Barren County - Miller, David, Ward Kyle, #1, Leipers Ls Bell County - Daugherty Pet, Inc., Givens, George ET AL, DPI-924, Devonian, LP Clinton County - Thrasher, Glenn, #2, / Target Oil & Gas Corp., Hicks, Jimmy, #1, #2 / Talbott, WMG, Pennycuff, James H, #9, RKT Petroleum, LLC, Sevier, Collins, #109 / Explo Oil, Inc., Tuggle, Helen, #1 / Conner, Lesley, Sevier, Collins, #1, Knox Gp / Page, Allen, Brown, Deloy, #8, Stones River Harlan County - Daugherty Pet, Inc., Jackson, Chester Heirs, DPI-992, / Nolan, Mintie, DPI-1203, Devonian, LP Knox County - Gaddis Gas Company, Waller, Scott, #1 / Wirth, Kevin, #2 / Brown, Ernest, #1, Clinton Sh Leslie County - Daugherty Pet, Inc., WPP, LLC, DPI-1405, Kentucky River Properties, LLC, DPI-640, Devonian, LP Letcher County - Chesapeake Appalachia, LLC, Pike Letcher Land Company, #824183 / Daugherty Pet, Inc., Kentucky River Properties, LLC/EPC, DPI-1200 / Clean Gas, Inc., Ratliff, Howard & Emily Jr., #212, Devonian, LP / Whitley County - Pipeline Holdings, Inc., McCneil, Robert, #1 Clinton Sh
The Ky/Tenn Report is published monthly and distributed at no cost to oil and gas operators in Tennessee and Southern Kentucky. It is owned and operated by W.D. Goodwin, Inc., The editor is Bill Goodwin, e-mail: tmdbill@aol.com it is the official publication of the Tennessee Oil & Gas Association, 750 Old Hickory Blvd, #150-2, Brentwood, TN, 37027. Phone 615.371.6137, Fax 615.599-1806. Web site: www.tennoil.com.
KY/TENN REPORT
750 OLD HICKORY BLVD, #150-2
BRENTWOOD, TN 37027 |
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Disclaimer: The particulars contained herein were obtained by sources believed to be reliable but may contain forward looking statements and may be incomplete and therefore are not guaranteed by Montello Resources Ltd. or its US Operation subsidiary. Opinions expressed herein do not necessarily reflect those of Montello Resources Ltd personnel. Any comments provided above should not be construed as a solicitation offer to buy or sell any securities mentioned herein. Any Securities possibly discussed may not necessarily be suitable to all types of investors, so it is important to do due diligence and speak to a qualified Investment Advisor re your particular situation.We seek Safe Harbour.
The above as well as various narratives on this web site may contain certain forward-looking statements, including management's assessment of future plans and 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. Such risks and uncertainties include, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Corporation will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the 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 any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws."
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