MOUNTAINVIEW ENERGY LTD(the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the sale of 50% of their 42,000 acre lease hold interest in Carter County, Montana and Harding County, South Dakota to QMAC ENERGY, INC. The Company received $400,000 for the sale of this interest and will remain as operator of these properties.
Mountainview Energy Ltd has hired Campen Consulting, Inc to conduct a geological study of the acreage, complete with maps, which will enable Management to select locations for the upcoming drilling program to commence during the Second or Third Quarter 2007.
The zones of interest are the Shannon interval, the Second Eagle, Niobrara, Carlisle (Medicine Hat) and the Greenhorn. Other zones of interest are the Muddy and Dakota Sandstone intervals and other potential zones in the Paleozoics.
We are very pleased to work with QMAC ENERGY, INC, as we have had a long-term relationship with the Management of this Company through other ventures. We look forward to developing this Wild Cat play in Southeastern Montana.
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 RELEASEBack to top