Mountainview Energy Ltd. provided an operational update on the 2013 summer drilling program in the Williston Basin. The company has now completed its second drilling program in 2013 on the 12 Gage Project. With the completion of this latest program, the Company operates 4.3 net wells (6.0 gross wells) in the project and approximately 35%-40% of the project lands are held by production.

Based on field production numbers, the Company averaged 890 barrels of oil equivalent ("boe") per day ("boe/d") gross (715 boe/d net) of 90% oil for the first 15 days of October in its 12 Gage project with 4 wells producing. Overall the company has seen its overall corporate production increase by 290% on both a gross and net basis since the beginning of 2013. The Company achieved its goal of reducing drilling and completion costs from $7.5 million to $8.0 million on its initial 2013 drilling program in the 12 Gage Project to approximately $6.5 million for the summer drilling program.

The company has increased its artificial lift capabilities on all of its operated Three Forks wells by deploying an ESP (Electric Submersible Pump) in each well. This artificial lift change in the wells has increased production in the first three wells of the 2013 drilling program by approximately 35% and is expected to have a significant positive impact on production levels for the three 'new' wells; the Heckman 7-6-1H, the Olson 2-11S-1H and the Charlotte 1-12-1H. The Heckman 7-6-1H well, the company's first Three Forks well of its three-well summer drilling program was drilled to a total depth of 18,165' in 19 days.

A 26-stage plug and perf fracture stimulation was successfully completed and the well was cleaned out and placed on production. The milling of the plugs and clean-out of the well was accomplished in 14-days compared to the 30-days experienced with the wells during the previous program. The initial 7 day average production on this well was 532 boe/d gross (477 boe/d net) of 90% oil.

The Heckman Well, which is still recovering frac load water, has produced for approximately 30 days averaging 441 boe/d gross (396 boe/d net) of 90% oil over that period.