Park Place Energy has announced that the operator of the Morgan Highpoint Project, in Morgan County Tennessee, Montello Resources, has begun preparations to drill the Morgan Highpoint 5 Test Well.

The Morgan Highpoint 5 Test Well offsets the Morgan Highpoint 3 Discovery Well which recently underwent an eight-hour production test that resulted in an excess of 250 barrels of light gravity oil flowing to surface with an associated high gas/oil ratio.

The Morgan Highpoint 5 Test Well will be drilled on a parcel of land recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint 3 Discovery Well and the Howard White 1 Well. The lease site has already been surveyed and a drill pad location is currently under construction.