Share

MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announces the re-completion of the Red Creek No. 6 and No. 7 wells. These two vertical wells were returned to production in the Madison/Sun River Dolomite and Lower Cut Bank Sandstone formations. The Company owns a 100% Working Interest in the Red Creek Field.

Mountainview Energy Ltd Red Creek No. 7 was completed, by Exxon in 1959, in the Madison/Sun River Dolomite interval from 2762′ to 2792′ and in the Lower Cut Bank from 2622′ to 2628′ and 2640′ to 2672′. The well originally contained a REDA submersible down-hole pump. Management chose to replace the existing down-hole equipment to reduce water production and place the well on pump by installing a National 228 Pumping Unit. Initial production for the Red Creek No. 7 was 31 barrels of oil per day and 90 barrels of water per day.

Mountainview Energy Ltd Red Creek No. 6 was completed, by Exxon in 1958, in the Madison/Sun River Dolomite interval from 2786′ to 2818′ and the Lower Cut Bank from 2685′ to 2694′. This well also originally contained a REDA submersible down-hole pump. Management chose to replace the existing down-hole equipment to reduce water production and place the well on pump by installing a Parkersburg 228 Pumping Unit. Initial production for the Red Creek No. 6 was 14 barrels of oil per day and 80 barrels of water per day.

With the successful re-completion of these two oil wells it provides valuable geological information for further development of the Madison/Sun River Dolomite and the Lower Cut Bank Sandstone.

Mountainview Energy Ltd will further develop the Red Creek Field this Spring.

MOUNTAINVIEW ENERGY LTD

“Joseph V. Montalban”
Joseph V. Montalban
Chairman of the Board

“Patrick M. Montalban”
Patrick M. Montalban
President & Chief Executive Officer

THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Download article as PDF
Back to top