MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the successful drilling of the Jim Powers #20-1 well, a natural gas well.
This natural gas well is located in Section 20-T29N-R5W, Pondera County, Montana is and offset to the Company’s most successful natural gas well to-date, the Vandenbos #19-1. The initial production test of the Jim Powers #20-1 well was 6.5 pounds on a ¾” orifice, which is 201 MCF per day. With these results, it was determined that the Lake Frances Field extends to the northwest, proving up additional locations for drilling. The production interval on the Jim Powers #20-1 well is 2206′ to 2222′, with 16 feet of total pay zone. The Company has plans to complete this well within the next week in addition to constructing the pipeline necessary to connect this well to the gathering system.
Mountainview Energy Ltd owns a 50% working interest in this well and will release additional results once the well is completed and placed on production.
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 RELEASE