Montello to meet with Pincher JV, appoints director Montello Resources Ltd (C:MEO)
Shares Issued 199,325,406
Wednesday January 08 2014 - News Release
Mr. Peter Brown reports
Montello Resources Ltd. has provided an update on its Pincher Creek property, and on the commencement of changes to Montello management and its board of directors.
Montello is to meet with the Pincher Creek joint venture partnership in hopes of proceeding with operations before the end of January on the suspended 1-11-4-29W4 well, which needs the bridge plug drilled out, the well test flowed and prepared for pipeline connection.
In anticipation of this work program, Montello is pleased to announce the appointment of Mr. Fred Hill, a Professional Engineer, and current Chairman of a private oil & gas company, to the Board of Directors effective Dec 31, 2013. This appointment is subject to final approval by Regulatory Authorities.
Mr. Hill has experience with organizations in coal mining, precast concrete, and currently works in the Western Canadian natural gas utility and transmission sector with expertise in business development and midstream operations. His experience includes the planning, execution, and analysis of strategic opportunities primarily across the Western Canadian energy sector as well as in the Maritimes. His past roles have included long-term facility planning, pipeline design, project and business management, environment and sustainability, processing, storage and alternative energy developments. He has participated on regulatory panels, as a representative in Joint Venture Partnerships, and as an advisor on third-party asset acquisition. Mr. Hill has also participated outside the sector as chairman of a non-profit organization with multiple housing facilities ranging from long-term senior care, to life-lease condos and low-rent housing for "vulnerable" adults. We welcome him aboard.
Management is also working on the re-instatement process in 2014. Montello continues to appreciate the patience shown by its shareholders during this period.
We seek Safe Harbor.