MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced that the Company filed through SEDAR its annual materials for the year ending December 31, 2006, as follows:
- a) Annual Audited Financial Statements for the year ended December 31, 2006
- b) Managements Discussion & Analysis
- c) Statement of Reserves Data and Other Oil & Gas Information (Form 51-101F1 & Accompanying Form 51-102F2 & 51-101F3)
All of the above statements and forms can be viewed on the SEDAR website at www.sedar.ca.
Gross Revenues from oil sales for the period ending December 31, 2006 were $2,302,028, an increase of $782,258 over the $1,519,770 in Gross Revenues from oil sales reported in 2005. The change in the revenues between these two periods is a direct result of the steady price received per barrel of oil, as well as increased sales volumes, as detailed in the Managements Discussion & Analysis. Steady monthly sales volumes and oil prices enable the Company to continue meet its ongoing obligations.
Management continues with work over and re-completion projects in the Red Creek Field. Four wells have been re-completed to-date in 2007, the results of which have continued to enhance the Red Creek Field production. The Company is planning another development drilling program for the Red Creek Field for Third Quarter 2007.
MOUNTAINVIEW ENERGY LTD
“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