Mountainview Energy has acquired a part of Great Northern et al's interest in the Snoose Coulee field sited in Liberty County, Montana. The company has purchased this supplementary interest for $48,000.
The average working interest of the company in the Snoose Coulee field is 45 to 50%, in connection with this present acquisition and purchase of working interest from Montana and Wyoming Oil and Balsam producing properties in the second quarter of 2010. Therefore, Mountainview will develop into an operator of 13 producing gas wells present on the property next to any well drilled consequently.
The total land site of the company in the South Alberta Bakken play has increased to 74,000 acres, due to the acquisition of the 8,000 acres. The potential zones of interest in the Snoose Coulee field area are Bow Island Sandstones for natural gas; Dakota, Sunburst, Swift, Sawtooth, Madison and Three forks shale for oil.