In conjunction with this acquisition and the working interest acquired from Montana & Wyoming Oil Co and Balsam Producing Properties in the second quarter of 2010, the company’s average working interest in the Snoose Coulee field is 45% to 50%.
As a result, Mountainview will become operator of the 13 producing gas wells located on the property along with any wells subsequently drilled.
The acquisition of the 8,000 acres brings the company’s total acreage position in the South Alberta Bakken Play to 74,000 acres.
The prospective zones of interest in Snoose Coulee are the multiple Bow Island sandstones for natural gas; and Dakota, Sunburst, Swift, Sawtooth, Madison and Three Forks Shale for oil.
