Mountainview Energy Ltd. provides operational update

Tuesday, Feb 07, 2012

CUT BANK, MT, Feb. 6, 2012 /PRNewswire/ - Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the "Company") is pleased to announce that the Zuma 15-22-35-58H well has spudded.  This well, which is a horizontal Bakken/Three Forks well located in section 15-T35N-R58E, Sheridan County, Montanaoperated by Samson Resources Company ("Samson").  The Company has acquired approximately a 9.75% working interest in this well.

Mountainview is also pleased to report that the Olson 1-21-16H well has had a 30 day production rate of approximately 300 boe/d from the Middle Bakken Formation.  Mountainview owns a 12.5% working interest in this well.  This production was comprised of 90% oil and 10% gas.  The Olson 1-21-16H is a horizontal Bakken well located in Roosevelt County, MT and is operated by G3 Operating, LLC a subsidiary of GeoResources, Inc, a Public Company traded on the NASDAQ.

Company Strategy

The Company's strategy is to grow through acquiring more Williston Basin acreage; targeting the Bakken/Three Forks Shale and developing the acreage in the Company's portfolio.   Mountainview plans to drill and complete horizontal wells on the Company's existing acreage, as well as aggressively pursuing non-operated working interests in Bakken and Three Fork wells in the Williston Basin.

Mountainview Energy Ltd. is a public oil and gas company listed on the TSX Venture Exchange, with a primary focus on the exploration, production and development of the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken.

SOURCE Mountainview Energy Ltd.

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