Mountainview Energy · OTC:MNVWF
Mountainview Energy — Investor Presentation (May 2011)
28 slides from Mountainview Energy's investor presentation, May 2011
Slide 1: Mountainview Energy Ltd.
Mountainview Energy Ltd. ountainviewEnergy Ltd
Slide 2: Reader Advisory
y Forward Looking Statements Reader Advisory y 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: Reader Advisory (continued)
Reader Advisory (continued) y Barrels of Oil Equivalent y Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio o
Slide 4: Overview
Overview Land - 85,000 net acres of Bakken/Three Forks in the Williston Basin and Alberta Bakken Share Listing -TSX Venture Exchange “MVW.V” & OTC markets “MNVWF.PK” Post Transactions - 70 million outstanding Inside Ownership - 58%- *closely held* Debt - $1.1 Million Convertible Debenture @ $2.50 Wo
Slide 5: Management Team
Management Team Patrick Montalban Land Department: President & Chief Executive Officer Bobby J. Purcell: Consultant John A. “Chip” Miller: Consultant Angelique Hatch Accounting/Audit: Chief Financial Officer PricewaterhouseCoopers, LLP – Independent Auditor Joseph P. Montalban Engineering: Chief Ope
Slide 6: Board of Directors
Board of Directors Joseph V. Montalban Chairman of Board Patrick Montalban CEO & President Keith MacDonald Independent Director Denny Hop Independent Director Bo Mickelson Independent Director Carla Barringer Corporate Secretary Bruce Young Company Consultant 6
Slide 7: Red Creek Field, Snoose Coulee Gas Field and other producing areas
Red Creek Field Snoose Coulee Gas Field 120-150 BOPD 100 mcf a day Williams Gas Field & Lake Frances Gas Field 500 mcf a day Lone Man Coulee 10-20 BOPD SW Pondera Project 10-20 BOPD 7
Slide 8: 2011 Capital Program
2011 Capital Program Drilling: 5-6 verticals, 4 Horizontals, 10 work-overs and recompletions Stateline Project: $22 million (4 horizontals, 1 vertical) Lake Frances AB Bakken: $400,000 (2 verticals Bow Island wells) Red Creek: $700,000 (2 vertical Madison Sun River Dolomite wells) Other Projects: $1
Slide 9: Stateline Prospect
Stateline Prospect Mississippian, Bakken, Three Forks, Gutin, Nisku, and Red River Oil Potential Red Creek Field 120-150 BOPD (Mississippian, Bakken, Three Forks, Nisku, Duperow Oil Potential) Lake Frances Alberta Bakken Prospect 500 mcf a day (Mississippian, Bakken, Three Forks, Nisku, Duperow Oil
Slide 10: Red Creek Field
Red Creek Field ¾ 2,500 gross/net acres, Operator ¾ Evaluating AB Bakken Potential ¾ Current Production: 120-150 BOPD ¾ 42 Producing wells (Madison, Lower Cut Bank Sandstone, Upper Cut Bank Sandstone) ¾ 3 Injection-Disposal Wells ¾ 2011 Capital Program: $ .6 million ¾$700,000- 2 vertical Madison wel
Slide 11: Red Creek Madison Sun River Dolomite Structure
Red Creek Madison Sun River Dolomite Structure 11
Slide 12: Lake Frances Alberta Bakken
Lake Frances Alberta Bakken ¾ Consolidating partner interests ¾ 60,000 gross acres, 60,000 net acres, Operator ¾ Evaluate AB Bakken potential ¾ Current Production: 500 mcf/day ¾ 2011 Capital Program: $ .4 million ¾ 2 vertical Bow Island wells Continuing to build our acreage position 12
Slide 13: Anschutz Newfield Rosetta
Anschutz Newfield Rosetta 13
Slide 14: Drilling Activity in Area
Drilling Activity in Area ¾ Rosetta Resources, Newfield Exploration, and Anschutz Exploration have recently been drilling Bakken wells near our acreage position. ¾ According to Rosetta they believe there is between 13-15 MMboe per square mile of resource in place. (http://ir.rosettaresources.com/pre
Slide 15: Stateline Project
Stateline Project 11,000 Gross, 11,000 Net Acres 2011 Capital Program: $22 million - 1 Vertical, 4 Horizontals Nearby producers: Taqa, Brighton, Northern, EOG, Kodiak, Georesources Well production range: 200 – 1000 boe/d on first month Stacked Pay Zones: Ratcliffe, Mission Canyon, Nisku, Gutin, Bakk
Slide 16: Nearby Bakken Well Results
Nearby Bakken Well Results TAQA North USA, INC- Hellegaard #9-12H - IP- 433 BOPD, 150 MCFD, 236 BWPD Short Leg-640 Surface Location: 2200 ft FSL, 200ft FWL., T37N R57E Sec. 9 Bottomhole Location: 1800 ft. FSL, 1016 ft. FWL, T37N R57E Sheridan County, MT TAQA North USA, INC- Hellegaard 9H - IP- 235 B
Slide 17: Stateline Prospect Map
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Slide 18: Typical North Dakota Bakken/Three Forks Well Reservoir Data & Economics
Typical North Dakota Bakken/Three Forks Well Reservoir Data & Economics ¾ Reservoir Rock Properties: ¾ Formation: Bakken/Three Forks ¾ Age: Mississippian/Devonian ¾ Depth: 8700’-8800’ TVD ¾ Lithology: Fractured Silty Dolomite Shale ¾ Thickness: 35’ ¾ Average Porosity: 9% ¾ Water Saturation: 35% ¾ Pr
Slide 19: Typical North Dakota Bakken/Three Forks Well Reservoir Data & Economics Continued
Typical North Dakota Bakken/Three Forks Well Reservoir Data & Economics Continued: ¾Original Oil-In-Place Calculations: ¾Reserves Factor: 455 STB per Acre Ft. ¾Drilling Unit Size: 1,280 Acres ¾OOIP 9,000 mstbo ¾Oil Ultimate Recovery: 628,616 stbo ¾Gas Ultimate Recovery: 578,722 mcf ¾EUR/OOIP: 7.0% ¾
Slide 20: Taqa-Hellegaard 9-12H Bakken Reservoir Data, Volumetric Reserve Estimate & Economics
Taqa-Hellegaard 9-12H Bakken Reservoir Data, Volumetric Reserve Estimate & Economics ¾ Basic Well Data ¾ Total Depth: 11,838 Ft ¾ Casing: 9 5/8”, 36#/ft J-55 @ 1221 7”, 23 and 26 #/ft, L80 @ 8330 4 ½”, 11.6 #/ft P-110 8,117- 11,83 ¾ Producing Zone: Bakken ¾ Completion: ¾ Perforations: 8490 – 11,707
Slide 21: Taqa-Hellegaard 9-12H Reservoir Data and Economics Continued
Taqa-Hellegaard 9-12H Bakken Reservoir Data, Volumetric Reserve Estimate & Economics Continued: ¾ Economics: ¾ Initial Oil Prod Rate: 433 bopd ¾ Initial Gas Prod Rate: 150mcfd ¾ Working Interest: 100.00% ¾ Revenue Interest: 86.25% ¾ Oil Price: $70.00 / STB ¾ Gas Price: $4.00 /MMBTU ¾ Lease Operating
Slide 22: Mountainview Announces Private Placement
Mountainview Annouces Private Placement ¾ Mountainview has announced a Non-Brokered Private Placement of up to 2,250,000 units @ a price of $ .90 for an aggregate gross proceeds of up to $2,500,000. ¾ A unit shall consist of one common share of the Company and one-quarter of one common share purchas
Slide 23: Use Of Proceeds From Private Placement
Use Of Proceeds From Private Placement ¾ Aggressively pursue non-operating working interests in Bakken/Three Forks wells in the Williston Basin. ¾ Increase our acreage position in both the Williston Basin Bakken/Three Forks and the Alberta Bakken in Northwestern Montana. ¾ Purchase 10,000 - 15,000 a
Slide 24: Thank You
Thank You @ ountainview Energy Lid siporse Py pe pcan ga 2 24
Slide 25: Purchasers' Rights of Action
Purchasers' Rights of Action y Purchasers' Rights of Action y 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 26: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) y Saskatchewan y 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 27: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) y Saskatchewan (continued) y 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. y Similar rights of action for damages and rescission are provided in section 13
Slide 28: Purchasers' Rights of Action (continued)
Purchasers' Rights of Action (continued) y Ontario y 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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