MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced that the Company successfully drilled and ran 4-1/2″ production casing in the Jody Field #4-1 well located in Pondera County, Montana.
This exploration wildcat oil well was drilled in the NENENE-Section 4-T28N-R6W, Pondera County, Montana to a Total Depth of 3,545 feet. The Company made a discovery in the Madison/Sun River Dolomite and encountered 3 separate pay zones. The first pay zone was from 3446′ to 3454′ (8 feet) with porosity of 8% to 10%. The second pay zone was from 3456′ to 3464′ (8 feet) with porosity of 8% to 11%. The third and most prolific zone discovered was from 3466′ to 3488′ (22′) with porosity of 12% to 19%. This is a total discovery of 32 feet in the Madison/Sun River Dolomite. All zones showed excellent resistivity on the array induction tool, good permeability on the micro-log and excellent oil and gas shows throughout the geologic samples. These shows included a strong petroliferous odor, uniformed yellow fluorescence and live light brown oil stains in samples with a strong flowing cut in trichloroethane.
The Company owns a 25% interest in this wildcat oil well and plans to complete the well within the next few weeks.
MOUNTAINVIEW ENERGY LTD
“Patrick M. Montalban”
Patrick M. Montalban
President & Chief Executive Officer
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