CUT BANK, MONTANA – TSX-V: “MVW”
MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announces that the Red Creek No. 41 was successfully completed as a producing oil well. The Red Creek No. 41 had an initial production rate of 121 barrels of oil per day and 22 barrels of water per day from the Madison/Sun River Dolomite. A two week test showed average production at 81 barrels of oil and 26 barrels of water per day. The producing interval in the Madison/Sun River Dolomite is 2,766′ to 2,770′. Sample and log interpretations show the total amount of pay from 2,766′ to 2,782′ for a total of 16 feet of oil pay zone. There is an additional 12 feet of Upper Cut Bank Gas pay zone and 35 feet of Middle and Lower Cut Bank Oil pay zone, for a total of 47 feet that has yet to be perforated and completed.
Mountainview Energy Ltd owns 100% Working Interest in the Red Creek No. 41 and due to the success of this well, 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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