Mountainview Energy Ltd. provided operational update on its recent three-well drilling program. The company has successfully drilled the BJNJ 30-30-1H well (the "BJNJ 30 well") and the BJNJ 19-18-1H (the "BJNJ 19 well") on its BJNJ well pad on the western side of the company's 12 Gage core area in Divide County, N.D. The BJNJ 30 well was drilled to a total depth of 17,927 feet, including a horizontal lateral of 9,453 feet within the Three Forks (Torquay) formation. The second well on the pad, the BJNJ 19 well was drilled to a depth of 18,800 feet including a 10,100 foot horizontal lateral within the Three Forks (Torquay) formation.

Each of these wells were drilled (spud to rig release) in less than 18 days with Nabors USA Drilling Rig #165. The BJNJ 30 well was completed with a 36 stage fracture treatment using 3.7 million pounds of proppant and an updated fracture stimulation design. The BJNJ 30 well averaged 552 barrels of oil equivalent per day ("boe/d") (348 boe/d net to the Company before royalties), 89% oil, in its first 30 days of production.

Within this 30 day period, a peak 1-day rate of 700 boe/d (441 boe/d net to the Company before royalties) and a 7 day consecutive production rate of 623 boe/d (392 boe/d net to the Company before royalties) were recorded. This 7 day peak rate is a 17% increase and the 30 day rate is a 29% increase over the corresponding production rates in the direct (south) offset well in the 12 Gage Projects (Heckman 7-6-1H). The current estimated cost to drill, complete, and install surface facilities for the BJNJ 30 well is $5.8 million which is 11% below the original $6.5 million cost estimate for this well.

The BJNJ 19 well is currently awaiting completions operations and is on target to meet the original $6.5 million cost estimate for the well.