The Stateline Bakken/Three Forks Project

Mountainview Energy Ltd. has recently purchased the Stateline Project in Sheridan County, Montana and Williams and Divide Counties, North Dakota to acquire 11,066 acres. The company will have a 100% operating interest with a 78% net revenue interest.

Mountainview Energy has started to create temporary spacing units for the proposed horizontal Bakken wells planned in Sheridan County, MT. The company plans to drill its operated acreage as well as participate in Bakken/Three Forks wells as a non-operator. Mountainview Energy is currently particepating in the Olson 1-21-16H being operated by G3 operating a subsidiary of GeoResources, Inc., a U.S. Public Company traded on the NASDAQ.

Drilling and fracturing operations on the Olson 1-21-16H well are complete and the well is currently producing. The initial production rate was 607 barrels of oil equivalent (“boe”) per day.

The Company acquired approximately a 3.8% working interest in the SM Energy Company (“SM Energy”) Wolter 13-23H well located in Section 14-T163N-R100W, Divide County, North Dakota. The Company also recently purchased approximately a 1% working interest in the Petro-Hunt LLC/ Miller 157-101-12C-1-1H located in Section 1 & 12-T157N-R101W Williams County, ND.

Operator	Well Name/Location	Initial Rate*	MVW’S Interest
G3 Operating	Olson 1-21-16H	607 boe/d	12.5%
SM Energy	Wolter 13.23H	Confidential Status	3.8%
Petro Hunt	Mill 157-101-12C-1-1H	Waiting To Spud	1.0%

Maps

• Project Map
• Structure Map
• Cross Section

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