MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announces that the Red Creek No. 40 was successfully completed as a producing oil well. The Red Creek No. 40 had an initial production rate of 21 barrels of oil per day and 5 barrels of water per day from the Madison/Sun River Dolomite. The producing interval in the Madison/Sun River Dolomite is 2,770′ to 2,772′. There is an additional 14 feet of Upper Cut Bank Gas pay zone and 30 feet of Middle and Lower Cut Bank Oil pay zone, for a total of 44 feet that has yet to be perforated and completed.
Mountainview Energy Ltd owns 100% Working Interest in this well and Management has plans to perforate and complete the Cut Bank Sandstone in the next 30 days.
MOUNTAINVIEW ENERGY LTD
“Patrick M. Montalban”
Patrick M. Montalban
President & Chief Executive Officer
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