Tuesday, July 26, 2011

Mountainview Adds Interest in the Bakken -- Acquires 20% Interest in 67,00 Acres (Net: 13,400) -- Bakken, North Dakota, USA

Link here.
Mountainview Energy Ltd. is pleased to announce that it has entered into a binding letter of intent to acquire a 20% interest in approximately 67,000 acres (approximately 13,400 net acres) in the Medicine Lake Prospect located in Divide County, North Dakota and Richland, Roosevelt and Sheridan County, Montana.

The cost: issuance of up to 33,115,111 common shares of the Mountainview at $0.65CAD per share. The acquisition along with the acreage currently held by Mountainview in Divide County, North Dakota, and Richland, Roosevelt and Sheridan County, Montana, brings the corporation's combined acreage in the Williston Basin to approximately 25,400 net acres.
I thought I knew the other half of the party, but then realized that party did not have property in Divide County, or Montana, so I do not know who Mountainview partnered with.

Most of the permits issued for Divide County, North Dakota, in 2010 have been executed. Most of the 2011 permits are yet to be drilled. From this list one might be able to start thinking about who the other party might be.

Permits issued in Divide County in 2011


20285 Baytex
20474 Baytex
20569 Baytex
20587 Baytex
20684 Baytex
20758 Baytex
20759 Baytex
20942 Baytex
21147 Baytex
20540 CLR
20576 CLR
20609 CLR
20610 CLR
20611 CLR
20612 CLR
20688 CLR
20768 CLR
20813 CLR
20814 CLR
20815 CLR
20816 CLR
20843 CLR
21149 CLR
21177 CLR
21179 CLR
20281 Crescent
20322 Crescent Point
20735 Crescent Point
20827 Crescent Point
21162 Crescent Point
21163 Kaiser-Francis
21164 Kaiser-Francis
9446 Murex
20401 Murex
20247 Newfield
20263 Newfield
20356 Newfield
20496 Newfield
20798 Newfield
20573 North Plains
21193 NorthPlains
20646 Samson
20756 Samson
20757 Samson
20251 Samson Resources
20340 Samson Resources
20341 Samson Resources
20385 Samson Resources
20792 Samson Resources
20801 Samson Resources
20802 Samson Resources
20837 Samson Resources
20869 Samson Resources
20870 Samson Resources
21107 Samson Resources
21108 Samson Resources
21136 Samson Resources
21137 Samson Resources

5 comments:

  1. It sounds like Mountainview could get serious about drilling the Montana/ND border area which has seen little activity over the past year. Also, sounds like the financial backing is behind them to persue some of this uncharted territory. I have always believed that the Northern section of Roosevelt County will be the location of some very successful wells.

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  2. Any idea with whom they have the 20% interest, and who their "large, independent" producer is? One and the same? Different companies?

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  3. Just read that Mountain View Energy has applied for spacing in Sheridan County Mt. near the ND border. We may see alot from this company over the next year and if they drill several good wells, this could kickstart the Roosevelt/Sheridan County areas. I have no idea who their "large, independent" producer is or if they are one in the same. Wouldn't be suprised if Chesapeake was involved somewhere down the chain.

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  4. and I just got a registered letter from Brigham, applying for temp spacing in Roosevelt county...

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  5. That connects an important dot. Thank you for taking time to comment. A lot of folks will be interested in hearing that.

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