Mountainview Energy · OTC:MNVWF
Mountainview Energy — Investor Presentation (November 2011)
30 slides from Mountainview Energy's investor presentation, November 2011
Slide 1: Emerging Light Oil Focused Junior South of the Border
TSX-V: MVW Emerging Light Oil Focused Junior South of the Border November 2011
Slide 2: Reader Advisory
Reader Advisory Forward Looking Statements In the interest of providing potential investors with information regarding Mountainview Energy Ltd. ("Mountainview"), including management's assessment of the future plans and operations of Mountainview, certain statements contained in this corporate p
Slide 3: Business Overview
Business Overview Mountainview is a light oil focused junior entity focused immediately South of the Canadian border in Montana and North Dakota Holds over 25,000 net acres in the Williston Basin and 80,000 net acres Alberta Bakken and is targeting Bakken/Three Forks plays Management is based
Slide 4: Corporate Overview
Corporate Overview Share Listing: TSX-V “MVW.V” Basic Shares 106.9 million Outstanding: F.D. Shares Outstanding 111.3 million Insider Ownership: ~ 66% Debt: $1.1 Million Convertible Debenture @ $2.50 Working Capital: Approx. $1.5 million Current Production: 175 boe/d (85% Oil & Liquids) Land: 105,00
Slide 5: Management
Management Management Executive Position Most Recent Position(s) Patrick President & Chief Executive President & CEO – Altamont Oil & Gas Montalban Officer Executive VP & COO – Quicksilver Resources Angelique Chief Financial Officer Corporate Controller- Andean Hatch American Gold Corp. Joseph P. Ch
Slide 6: Board of Directors
Board of Directors Directors Board Member Position Most Recent Position(s) Patrick CEO & Chairman of Board President & CEO – Altamont Oil & Gas Montalban Executive VP & COO – Quicksilver Resources Keith Independent Director Director – Surge Energy Inc., Bellatrix MacDonald Exploration Denny Hop Inde
Slide 7: Asset Overview
Asset Overview ALBERTA SASKATCHEWAN Mountainview Current Production: 175 boe/d (85% Oil & Liquids) Land: 105,000 net acres Stateline Prospect Bakken, Three Forks, and Red Alberta Bakken River Oil Potential Williston Basin 12,000 net acres (100% W.I.) Williams Gas Field & Lake Operator Frances Gas Fi
Slide 8: Stateline Prospect / Medicine Lake Prospect
Stateline Prospect / Medicine Lake Prospect TAQA Oil Wells 25,400 total net acres –approx. $1,150 per acre 12,000 acres (100% WI, 78% NRI) 67,000 gross Crescent Point, acres/13,400 net Samson, Baytex, and acres SM Energy Bakken 20 % WI, 80% NRI well spuds 2011/2012 capital program: $17 mil
Slide 9: Drilling Activity in Interest Areas
Drilling Activity in Interest Areas Nearby Bakken Well Results: TAQA35-58H, North USA, INC- Hellegaard #9-12H - IP- 433 bopd, 150 mcf/d, 236 bbl/d 1280 acre spacing Samson Resources – Zuma 15-22- Short Leg-640 Sheridan County, MT – MVW will have non-op working interest Sheridan County, MT *H
Slide 10: Drilling Activity in Interest Areas continued
Drilling Activity in Interest Areas continued Brigham Exploration – Gobbs 17-8 1H – IP – 1,808 BOPD Roosevelt County, MT 1280 acre spacing GeoResources, Inc- Carlson 1-11H - IP- 685 boe/d Stephens Energy Williams County, ND Short Leg-640 LLC Spacing units Oasis – Bean 5703 42- 34h – IP – 134
Slide 11: Mountainviews Non-Operated Bakken Wells
Mountainviews Non-Operated Bakken Wells Non-Operated Bakken Well list Operator Well 24 hour IP MVW’s Working Interest Name/Location G3 Operating Olson 1-21-16H TBD 12.5% Samson Zuma 15-22-35- Waiting to spud TBD Resources 58H SM Energy Wolter 13-23H Confidential List 1.8% Marathon Oil T31N-R58E Sec.
Slide 12: Mountainview Forecast Well vs. Offset Production
Mountainview Forecast Well vs. Offset Production 12
Slide 13: Red Creek Field
Red Creek Field 2,500 gross/net acres, operator Evaluating AB Bakken potential Snoose Coulee Gas Current Production: Field 120 – 150 boe/d 100 mcf/d 35 producing wells Red Creek Field 120-150 boe/d (Madison, Lower Cut Bank Sandstone, Upper Cut Bank Sandstone) 3 Injection-Disposal wells Wil
Slide 14: Drilling Activity in Interest Areas (continued)
Drilling Activity in Interest Areas (continued) Rosetta Resources, Newfield Exploration, and Anschutz Exploration have recently been drilling Bakken wells in the area According to Rosetta they believe there is between 13 - 15 MMboe per square mile of resource in place. (1) Newfield Exploration
Slide 15: Williston Basin Bakken/Three Forks Well Data
Williston Basin Bakken/Three Forks Well Data Well Economics TAQA-Hellegaard 9-12H Economics Mountainview Forecast Well Bakken Reservoir Initial Oil Prod. Rate 433 bbl/d 600 bbl/d Initial Gas Prod. Rate 150 mcf/d 200 mcf/d Capital $4,400,000 $6,624,000 Future Net Profit, Discounted $4,657,155 $21,410
Slide 16: Mountainview Forecast
Mountainview Forecast 2011 Year End Production - 201 boe/d Cash Flow - $0.7 million Total capital Requirement - $2.0 million 2012 Year End Production – 1,358 boe/d Cash Flow - $12.3 million Total Capital Requirement - $17.2 million 16
Slide 17: 2012 Capital Program
2012 Capital Program For current lease holdings: Capital Program Drilling: 4-5 gross Verticals, 12 gross Horizontals Medicine Lake Project: $4,200,000 Stateline Project: $9,900,000 (6 Horizontals) Lake Frances AB Bakken: $400,000 (2 Vertical Bow Island Wells) Red Creek: $500,000 (2 Vertical Madison
Slide 18: Implied Valuation
Implied Valuation Net Asset Value Implied Valuation Applying Varying Acreage Values for North Dakota Bakken Land (1) $1,500/acre $2,500/acre $3,500/acre (North Dakota (North Dakota (North Dakota Bakken) Bakken) Bakken) North Dakota Bakken – 25,400 Net Acres (1): $38,100,00 $63,500,00 $88,900,00 0 0
Slide 19: Reasons to Invest In Mountainview
Reasons to Invest In Mountainview Strong acreage position in the Williston Basin targeting the Bakken and Three Forks play Stateline Project ~ 12,000 net operated acres 25 gross exploratory locations, if proven successful Mountainview will have an additional 75 gross locations Medicine Lake
Slide 20: Appendix
ountainviewEnergy Lid if 20
Slide 21: Advisors
Advisors Advisors Accounting/Audit: PricewaterhouseCoopers, LLP – Independent Auditor Corporate Counsel: Stella Business Law – Stephen Tong Burnet, Duckworth, & Palmer – Jay Reid Oil and Gas Attorney: Dick Beatty Loren O’Toole 21
Slide 22: Fully Diluted Shares Outstanding
Fully Diluted Shares Outstanding Initial Shares: 9,766,850 Private Placement at $0.225 21,000,000 Warrants from Private Placement at $0.32 5,250,000 Finders Fee Warrants at $0.32 738,253 Finders Fees 1st PP 876,660 Carter Stewart & Jim Arthaud Acquisition 18,611,111 Private Placement at $0.90 2,777,
Slide 23: North Dakota Bakken/Three Forks Well Data
North Dakota Bakken/Three Forks Well Data TAQA-Hellegaard 9-12H Reservoir Data: Mountainview Forecast Well Bakken Reservoir Reservoir Rock Properties / Producing Bakken Bakken Zone: Mississippian/Devonian Mississippian/Devonian 7300 – 7800’ 7500 – 8700’ Fractured Silty Dolomite Shale Fractured Silty
Slide 24: Mountainview's Stateline Cross Section
Mountainview’s Stateline Cross Section Middle Bakken Silt actually thickens to the North Wells used in Cross Section are relatively close the Mountainview Acreage Cross section shows that Mountainview acreage is also prospective for Three Forks 24
Slide 25: Mountainview Stateline Locations
Mountainview Stateline Locations Location 1: Sec. 7 & 18 T31N-R59E Gross: 640.00 Unit Ownership Gross: 23% MVW Costs: $1,610,000 Net: 300.00 Net: 18% Location 2: Sec. 27 & 34 T33N-R58E Gross: 646.83 Unit Ownership Gross: 13% MVW Costs: $ 910,000 Net: 165.00 Net: 10% Location 3: Sec. 2 & 11 T33N-R57E
Slide 26: Management / Director Bios
Management / Director Bios Patrick M. Montalban: Mr. Montalban has been active in the oil and gas exploration and production industry for over thirty (30) years. Mr. Montalban started his career in the Industry as a roughneck beginning in the Summer of 1977. He graduated from the University of Mon
Slide 27: Purchasers' Rights of Action
Purchasers' Rights of Action Purchasers' Rights of Action Securities legislation in certain of the provinces of Canada provides certain purchasers with, or requires certain purchasers to be provided with, in addition to any other rights they may have at law, a right of action for rescission or d
Slide 28: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) Saskatchewan Section 138 of The Securities Act, 1988 (Saskatchewan), as amended (the "Saskatchewan Act") provides that where an offering memorandum or any amendment to it is sent or delivered to a purchaser and it contains a misrepresentation (as defined
Slide 29: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) Saskatchewan (continued) Not all defences upon which we or others may rely are described herein. Please refer to the full text of the Saskatchewan Act for a complete listing. Similar rights of action for damages and rescission are provided in section 13
Slide 30: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) Ontario Section 5.2 of Ontario Securities Commission Rule 45-501 provides that purchasers who have been delivered an offering memorandum in connection with a distribution of securities in reliance upon the "accredited investor" prospectus exemption in Sec
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