MVW.V
(406) 873-2235
MVW: an Exploration & Production Oil and Gas Company listed on the Toronto Venture Exchange April 21, 2011
Overview: Land:
85,000 net acres of Bakken / Three forks in the Williston Basin & Alberta Bakken
Production: (Post acquisition)
175 BOED
Working Capital:
Approx $3.5 million
Common Shares Issued:
53,032,398
To be issued for acquisition:
12,850,000
Current Float:
Under 2,000,000
Control:
42,500,000
Fully Diluted: (Post acquisition)
76,595,102
Mountainview Energy Ltd. (MVW) is a Montana based company actively engaged in the exploration, production and development of oil and gas properties in eastern Montana and western North Dakota to develop the Bakken and Three Forks Shale project. Also, the Company is actively engaged in the South Alberta Bakken play in North Central Montana, east of the Northern Rocky Mountain Front. The common shares of Mountainview Energy Ltd. trade on the TSX Venture Exchange under the symbol MVW. MVW has been financed to purchase 11,200 acres in Sheridan County, in North Eastern Montana and Divide County, North Dakota. The Stateline Project acreage is in the Williston Basin, in the Bakken/Three Forks Play. Their cost was US $600 an acre for property that is now selling for US $2,000 an acre. Mountainview has commenced operations in the Williston Basin with a working interest of 12.5% in the Olson Ranch 1-21-16H. GeoResources Inc. (GEOI) is operating this well. Mountainview has also just learned that it has a 12.5% working interest in a Marathon Oil temporary spacing unit in Southern Sheridan County. This well is planned to be drilled in the third or fourth quarter of this year. In addition to their non-operated Bakken wells, MVW is applying for their own drilling permits to aggressively pursue the Bakken/Three Forks play. MVW has agreed to acquire the Lake Frances property (60,000 acres) that is in the Alberta/Bakken area of Southern Alberta, Canada and North Central Montana. This acquisition is currently waiting on Exchange approval. This acquisition consists of 43 producing gas wells, a 40-mile gathering system, and 3 gas compression plants. It is tied into the Northwestern Gas transmission system. This property shows exceptional promise for oil in the Sunburst, Mississippian, Bakken Shale, Three Forks Shale, Nisku, and Duperow formations. The Alberta/Bakken play is currently being drilled by companies such as Shell, Rosetta Resources Inc. (ROSE), Newfield Exploration (NFX), Anschutz Exploration, Crescent Point, and many others.
is comprised of experienced people who have been oil and gas operators for over 35 years. They are familiar with oil and gas development in Montana, Southern Alberta as well as North Eastern, North Dakota. The Board of Directors has seen the addition of people experienced in finance and the oil industry.
MVW.V
(406) 873-2235
Board of Directors: Joseph V. Montalban Chairman
Patrick Montalban CEO & President
Bo Mickelson Independent Director
Keith Macdonald Independent Director
Denny Hop Independent Director
Carla Barringer Corporate Secretary
Bruce Young
Company Consultant
Office: CBM Building – Box 200
33 First Ave S.W Cut Bank, Montana USA 59427 - 0200
2011/2012 Capital Program: (For current lease holdings) Drilling:
5-6 verticals, 10 Horizontals, 10 work-over & recompletions
Stateline Project: Lake Frances AB Bakken: Red Creek:
Maintenance Production: Total Capital Needed:
mountainviewenergy.com
Debt:
$400,000 (2 verticals Bow Island wells)
$700,000 (2 vertical Madison Sun River Dolomite wells)
Other Projects:
Phone: (406) 873-2235
$20 million (10 horizontals, 1 vertical)
$1.0 million $200,000 $22,300,000 $1.1 Million Convertible Debenture @ $2.50