Montello Resources Ltd. engages in the acquisition, exploration, and development of oil and natural gas properties in western Canada, and Tennessee, the United States. The company holds 25% working interest in the discovery well located in the Pincher Creek field; and an option on approximately 10,000 acres. It also holds 48% interest in two wells in the John Bowen property; and a 35% interest in three wells in the Morgan Highpoint property.