MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced that the Company will be drilling the Jody Field #4-1 well located in Pondera County, Montana.
This exploration wildcat oil well is being drilled in the NENENE-Section 4-T28N-R6W, Pondera County, Montana. The projected depth of this oil well is 3,450 feet with the primary objective being the Madison/Sun River Dolomite. Other potential zones of interest are the Bow Island and Sunburst Sandstones. A wildcat well is considered to be a well that is drilled, based on a large element of hope, in a frontier area where very little is known about the subsurface. However, the Company has determined that the site is located on the upside block of a structural fault, which creates an excellent opportunity for an oil deposit. A study of the logs from offsetting wells showed good oil or hydrocarbon shows in the Madison/Sun River Dolomite.
The Company owns a 25% interest in this wildcat oil well. The well site has been surveyed and we expect to commence drilling operations in the next two weeks when the drilling rig becomes available.
MOUNTAINVIEW ENERGY LTD
“Patrick M. Montalban”
Patrick M. Montalban
President & Chief Executive Officer
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