Kyle, I my AGM notes #1 could have been clearer

Pincher Creek delays were mentioned in my previous notes, but I could have been very specific about the start of cashflows, because Peter was unable to do so.

Operator issues, the owner wanting MEO to takeover, and the scheduled maintenance for the Shell Pincher Creek plant are due in May. Changes to the operator would cause huge delays as plans would have to be re-submitted.

At this point in time, no one can say when, because no one really knows. Peter did say that August was more realistic, but he didn't say guaranteed.

Once this is done, the frac job on the second Pincher Creek well can occur.

This takes us into the Fall, before any Tenn work could begin.

Life at MEO, delays, delays, delays. When we had more money in the bank, Bill Cawker sat on his hands, sucking back a fat paycheck, driving down the bank balance, and then ran off into the sunset. It is too bad. To bad he didn't go sooner.

I don't know what's on the Board you refer to, but I'm sure the comments you read have lots of "Agenda" attached. I've read posts, here and elsewhere, by a multiple personality know-it-all who writes about bad relations between partners. That seems very odd, since up until the AGM in May 2008, ALL Partners were putting up the cash to drill the wells, and the wells were being drilled. They were even planning for a MH#6 well, and Bill Cawker put out a NR May 8/08,

"Montello and its partners are positioned to conduct a multi-well drilling program consisting of over 20 shallow oil wells and 2 additional deep gas wells. Based on the knowledge and understanding that Montello now has of both the shallow oil play and the deep gas play recently identified in the John Bowen #2 Well, Montello and its partners are now aggressively pursuing acquiring additional mineral leases and drilling / re-completion opportunities in Morgan County, Tennessee.”

In the same NR, he also wrote,

"After analyzing the logs, including the Weatherford Fracture Imaging Log that was run on the Morgan Highpoint #5 Well, as well as the geological data recently obtained from its 5 wells and the extended production test, Montello has now confirmed the presence of an extensive fracture network which explains why the daily production rate in the Morgan Highpoint #3 Well has sharply declined to approximately 15 barrels of oil per day which mirrors the decline rates recorded on other wells drilled to a similar depth in the southern portion of the Appalachians. Montello after conferring with a number of service companies specializing in unique completion techniques has obtained approval from its partners to proceed with a completion program that has been designed with the goal to exponentially increase daily production rates as well as significantly improve the ultimate recovery rates that are typically achieved from wells in the area. "

Kyle, lots of stories and MEO NR's have jerked investor confidence and the share price all over the map.

July 31, 2007 - outstanding shares 142,363,552, share price 10 cents

January 31, 2008 - outstanding shares 189,762,686 share price 13 cents

AGM April 30, 2009 MEO Circular - outstanding shares 199,425,406, share price 1.5 cents and halted.

Thank you Bill Cawker.