CUT BANK, MT, March 28 /PRNewswire-FirstCall/ - Mountainview Energy Ltd. (TSXV: MVW) (the "Company") today announced the successful acquisition of 506 Net Acres in Sheridan County, Montana. The Company acquired this acreage from a private individual at a price of $750.00 per acre for a total purchase price of $379,500. This acreage is adjacent to our Stateline acreage and brings the Company's total position in the Williston Basin to 11,572 acreas. This acreage is also in proximity to other acreage being leased by Samson, Marathon and TaQa.
Acquiring this acreage will enhance the Company's opportunity to develop the Bakken and Three Forks Shale in the Williston Basin.
The Company 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 play.
"Patrick M. Montalban"
Patrick M. Montalban
President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mountainview Energy Ltd.