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Mountainview Energy Ltd. Provides Operational Update on its 12 Gage Project in the Williston Basin

Mountainview Energy Ltd. Provides Operational Update on its 12 Gage Project in the Williston Basin.

articleMountainview EnergyOctober 29, 20135/company/mountainview-energy-ltd/news/mountainview-energy-ltd-provides-operational-update-on-its-12-gage-project-in-the-williston-basin
Mountainview Energy Ltd. Provides Operational Update on its 12 Gage Project in the Williston Basin

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[{"type":"text","content":"\n\n\n\nMountainview Energy Ltd. Provides Operational Update on its 12 Gage Project in the Williston Basin\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nMountainview Energy Ltd. Provides Operational Update on its 12 Gage Project in the Williston Basin\nPR Newswire\nCUT BANK, MT, Oct. 28, 2013\n\n\n\n\nCUT BANK, MT, Oct. 28, 2013 /PRNewswire/ - Mountainview Energy Ltd. (TSXV:\n MVW.V) (OTCQX: MNVWF) (\"Mountainview\" or the \"Company\") is pleased to provide an operational update on the 2013 summer\n drilling program in the Williston Basin.\n\n\nOperational Update\n\n\nMountainview has now completed its second drilling program in 2013 on\n the 12 Gage Project.  With the completion of this latest program, the\n Company operates 4.3 net wells (6.0 gross wells) in the project and\n approximately 35%-40% of the project lands are held by production. \n Based on field production numbers, the Company averaged 890 barrels of\n oil equivalent (\"boe\") per day (\"boe/d\") gross (715 boe/d net) of 90% oil for the first 15 days of October in\n its 12 Gage project with 4 wells producing.  Overall Mountainview has\n seen its overall corporate production increase by 290% on both a gross\n and net basis since the beginning of 2013.\n\n\nThe Company achieved its goal of reducing drilling and completion costs\n from $7.5-8.0 million on its initial 2013 drilling program in the 12\n Gage Project to approximately $6.5 million for the summer drilling\n program.\n\n\nThe Company is also pleased to announce...

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