Pondera Project

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Mountainview Energy owns and operates 50,000 net acres in the Williams/ Lake Frances shallow gas fields. This acreage is in Northwestern Montana in Pondera County. This brings Mountainview’s total acreage in the Pondera Project area to 60,000 net acres. A substantial amount of the Pondera Project acreage is held by production which gives the Company time flexibility while developing the asset. The Pondera Project has several prospective zones including the Bow Island, Sunburst, Madison, Lodgepole, & Bakken/Three Forks. Mountainview is currently evaluating several identified geologic structures on its acreage position for an upcoming drilling program.

Management is also currently evaluating the unconventional Alberta Bakken Potential in this project area. There has been drilling activity in the area by several large companies on both the Canadian and the U.S. sides of the border. Rosetta Resources (ROSE), Newfield Exploration (NFX), and Anschutz Exploration have drilled near our acreage position on the Montana side. Crescent Point (CPG.TO), Murphy (MUR), Bowood (BWD.V), Deethree (DTX.TO), and Shell (RDS-A) are several of the companies drilling on the Canadian Side.

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