Monday, March 21, 2011

NEWS RELEASE!! and it's HUGE!! $MVW - Mountainview Energy

Participating in a horizontal Bakken well with GEO RESOURCES!!

This is what I was waiting for... the company is taking strides towards accomplishing their 2011 gameplan!

View News Release here:

"Mountainview is also pleased to announce its participation in the drilling of the Olson 1-21-16H, a horizontal Bakken well located on the Lands in the SESE-Section 21-Township 29 North, Range 57 East, Roosevelt County, Montana (the "Well"). Mountainview will own a 12.5% working interest in the Well, which is being drilled by G3 Operating LLC ("G3"), a subsidiary of GeoResources, Inc., a U.S. Public Company traded on NASDAQ. Once completed, G3 will operate the Well. The anticipated total depth of the Well is 19,420 feet with a total horizontal leg in the Bakken Shale of 1,280 acres (approximately 10,500 feet)." - Taken from News Release

Let's hope this is the start of many such news releases : )

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