Mountainview Energy Ltd. provide an operational update on the completion of the Wolter 13-23H horizontal Bakken well in the Section 23-T163N-R100W, Divide County, North Dakota by SM Energy Company, a public company traded on the New York Stock Exchange.

Drilling and fracturing operations on the Wolter 13-23H well are complete and the well is currently producing. The Wolter 13-23H has recently been taken off of the confidential list. The initial production rate was 1,157 barrels of oil equivalent ("boe") per day.

This initial production was made up of 996 barrels of oil, 964 Mcf of natural gas and 550 barrels of water. The well has produced for approximately 60 days and has produced 34,836 barrels of oil and 33,602 Mcf of gas. The 60-day average production rate for the Wolter 13-23H well is approximately 674 boe/d with 581 bbl/d oil and 560 Mcf/d of gas. Mountainview owns approximately a 3.25% working interest in the Wolter 13-23H well.

Tags: Mountainview Energy Ltd.