MOUNTAINVIEW ENERGY ACQUIRES ADDITIONAL WORKING INTEREST IN THE SNOOSE COULEE
Apr. 4, 2011 (PR Newswire) --
CUT BANK, MT, April 4 /PRNewswire/ - Mountainview Energy Ltd. (TSXV: MVW) (the "Company") today announces the acquisition of a portion of Great Northern et al's ("GND") interest in the Snoose Coulee Field located in Liberty County, Montana. The Company acquired this additional interest for $48,000. In conjunction with this acquisition and the Working Interest acquired from Montana & Wyoming Oil Company and Balsam Producing Properties LLC in the 2nd Quarter of 2010, the Company's average Working Interest in the Snoose Coulee Field is 45 to 50%. As a result, Mountainview Energy Ltd will become operator of the 13 producing gas wells located on the property along with any wells subsequently drilled.
The acquisition of the 8,000 acres brings the Company's total acreage position in the South Alberta Bakken Play to 74,000 acres. The prospective zones of interest in the Snoose Coulee are the: multiple Bow Island Sandstones for natural gas; Dakota, Sunburst, Swift, Sawtooth, Madison and Three Forks Shale for oil.
The Company is a public oil and gas company listed on the TSX Venture Exchange, with a primary focus on the exploration, production and development of the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken play.
"Patrick M. Montalban"
Patrick M. Montalban
President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mountainview Energy Ltd.