 | | | | |  |   Thu Jul 31, 2008
Mountainview Energy Ltd Successfully Drills Second Natural Gas Well In Northern Montana And Prepares To Drill Two Oil Wells
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| | MOUNTAINVIEW ENERGY LTD (the "Company"), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the successful drilling of the Stoltz #18-1, a natural gas well.
This natural gas well is located in Section 18-T29N-R5W, Pondera County, Montana. The initial production test of the Stoltz #18-1 well was 4.5 pounds on a 1" orifice, which is 75 MCF per day. Together with the production from the Boucher #18-1 well, the Company has 345 MCF per day of new natural gas production. These results confirm that the Lake Frances Field extends to the northwest, which proves up additional locations for drilling. The production interval on the Stoltz #18-1 well is 2268' to 2282', with 14 feet of total pay zone. The Company has plans to complete this well within the next week in addition to constructing the pipeline necessary to connect this well to the gathering system.
Mountainview Energy Ltd owns a 25% working interest in this well and will release additional results once the well is completed and placed on production.
MOUNTAINVIEW ENERGY LTD
"Patrick M. Montalban"
Patrick M. Montalban
President & Chief Executive Officer
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE |
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| You can view the Next News Releases item: Wed Sep 24, 2008, Mountainview Energy Ltd Prepares To Drill Two Oil Wells
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