MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the re-completion of the Red Creek No. 11 well. The Red Creek No. 11 was re-completed in the Cretaceous Lower Cut Bank Sandstone from 2,662′ to 2,698′ for 36 feet of pay zone. This well was also completed in the Madison/Sun River Dolomite from 2,796′ — 2,818′ for 22 feet of pay. Management chose to replace the existing down-hole equipment to reduce water production and place the well on pump by installing a Parkersburg D80 Pumping Unit. The initial production for the Red Creek No. 11 was 31 barrels of oil per day and 120 barrels of water.
With the successful re-completion of this oil well, it provides valuable geological information for further development of the Madison/Sun River Dolomite and the Lower Cut Bank Sandstone reservoirs in the Red Creek Field.
The Company currently has General Well Service Rig No.1 working in the Red Creek Field on the re-completion program.
MOUNTAINVIEW ENERGY LTD
“Patrick M. Montalban”
Patrick M. Montalban
President & Chief Executive Officer
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