Mountainview Energy · OTC:MNVWF
Mountainview Energy — Investor Presentation (January 2012)
30 slides from Mountainview Energy's investor presentation, January 2012
Slide 1: Emerging Light Oil Focused Junior in North Dakota/Montana
Emerging Light Oil Focused Junior in North Dakota/Montana January 2012
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 22,000* net acres in the Williston Basin and 80,000* net acres Alberta Bakken and is targeting Bakken/Three Forks plays Management is base
Slide 4: Corporate Overview
Corporate Overview Share Listing: TSX-V “MVW.V” Basic Shares Outstanding: 94.98 million* F.D. Shares Outstanding 99.3 million* Insider Ownership: ~ 62%* Debt: $2.37 Million Convertible Debenture @ $2.50 * $2.0 Million Loan Working Capital: Approx. $1.5 million Current Production: 175 boe/d* (85% Oil
Slide 5: Management
Management Management Executive Position Most Recent Position(s) Patrick Montalban President & Chief Executive Officer President & CEO – Altamont Oil & Gas Executive VP & COO – Quicksilver Resources Angelique Hatch Chief Financial Officer Corporate Controller- Andean American Gold Corp. Joseph P. Mo
Slide 6: Board of Directors
Board of Directors Directors Board Member Position Most Recent Position(s) Patrick Montalban CEO & Chairman of Board President & CEO – Altamont Oil & Gas Executive VP & COO – Quicksilver Resources Keith MacDonald Independent Director Director – Surge Energy Inc., Bellatrix Exploration Denny Hop Inde
Slide 7: Asset Overview
Asset Overview ALBERTA SASKATCHEWAN Mountainview Current Production: 175 boe/d* (85% Oil & Liquids) Land: 100,000 net acres* Stateline Prospect Bakken, Three Forks, and Red River Oil Alberta Bakken Potential Williston Basin 12,000 net acres (100% W.I.) Williams Gas Field & Lake Frances Operator Gas
Slide 8: Stateline Prospect / Medicine Lake Prospect
Stateline Prospect / Medicine Lake Prospect TAQA Oil Wells 22,000 total net acres – approx. $1,150 per acre 12,000 acres (100% WI, 78% NRI) 50,000 gross acres/10,000 net acres 20 % WI, 80% NRI Crescent Point, Samson, 2012 capital program: $19.5 Baytex, and SM Energy Bakken million well spu
Slide 9: Drilling Activity in Interest Areas
Drilling Activity in Interest Areas Nearby Bakken Well Results: TAQA North USA, INC- Hellegaard #9-12H - IP- 433 bopd, 150 mcf/d, 236 bbl/d Short Leg-640 Samson Resources – Zuma 15-22-35-58H, 1280 acre spacing Sheridan County, MT – Spudded. MVW will have approx. 10% working Sheridan County, MT *
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 Williams County, ND Short Leg-640 Stephens Energy LLC Spacing units Oasis – Bean 5703 42-34h – IP – 1346
Slide 11: Mountainview's Non-Operated Bakken Wells
Mountainview’s Non-Operated Bakken Wells Non-Operated Bakken Well list Operator Well Name/Location 24 hour IP MVW’s Working Interest G3 Operating Olson 1-21-16H 607 BOEPD 12.5% Samson Resources Zuma 15-22-35-58H Spudded *~10% SM Energy Wolter 13-23H Confidential List *3.8% Zavanna TBD Spudded *~2.5%
Slide 12: Offset Production Curves in Williston Basin
Offset Production Curves in Williston Basin 12
Slide 13: Red Creek Field
Red Creek Field 2,500 gross/net acres, operator Evaluating AB Bakken potential Snoose Coulee Gas Field Current Production: 120 – 150 100 mcf/d boe/d Red Creek Field 35 producing wells (Madison, 120-150 boe/d Lower Cut Bank Sandstone, Upper Cut Bank Sandstone) 3 Injection-Disposal wells 3
Slide 14: Montana Alberta Bakken Drilling Activity
Montana Alberta Bakken Drilling Activity 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 has re
Slide 15: Williston Basin Bakken/Three Forks Well Data
Williston Basin Bakken/Three Forks Well Data Well Economics TAQA-Hellegaard 9-12H Bakken Economics Mountainview Forecast Well 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 at 10% $4,657,155
Slide 16: Mountainview 2012 Forecasts
Mountainview 2012 Forecasts 2012 Year End Exit Production – *908 boe/d Cash Flow - *$8.7 million Total Capital Requirement - **$19.5 million *Numbers based on 80% Chance of Success. These numbers are also dependent on Mountainview’s working interest in each well which may change. **Numbers b
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: $4,680,000 Stateline Project: $11,700,000 (6 Horizontals) Lake Frances Gas Field: $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 Bakken) (North Dakota Bakken) (North Dakota Bakken) North Dakota Bakken – 22,000* Net Acres(1): $33,000,000 $55,000,000 $77,000,000 A
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
Appendix 20
Slide 21: Advisors
Advisors Advisors Accounting/Audit: PricewaterhouseCoopers, LLP – Independent Auditor Corporate Counsel: Stella 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 Bakken Reservoir Data: Mountainview Forecast Well Reservoir Reservoir Rock Properties / Producing Zone: Bakken Bakken 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. 2 & 11 T33N-R57E Net: 900.00 Unit Ownership Gross: 70% MVW Costs: $5,390,000** Net: 55% Location 2: Sec. 4 & 9 T31N-R58E Net: 210.00 Unit Ownership Gross: 16% MVW Costs: $1,232,000** Net: 12.8% Location 3: Sec. 27 & 34 T33N-R58E Net: 165.00 Unit Owne
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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