Mountainview Energy Ltd. January, 2015 1 Confidential
Corporate Overview Summary Statistics and Quick Facts Mountainview Energy, LTD Quick Facts PROJECT LOCATIONS Listing TSX-V MVW.V Corporate domicile Alberta, Canada Headquarters Cut Bank, MT US Subsidiaries Mountainview, Inc. Mountain…
Management and Organization Organization President/CEO: Patrick Montalban Finance Business Development Operations Corporate Secretary Land Manager Geologic Team* VP of Finance: VP of Business Development: VP of Operations: Carla…
Corporate Overview Strategy Focus on execution and expansion of the Three Forks 12 Gage drilling program, located in the Williston Basin: Continue the development drilling plan on existing core acreage position in Divide County,…
Corporate Overview 2014 Capital Budget and Drilling Inventory 2014 Priorities Hold acreage in the 12 Gage Project area Grow production and proven reserves Reduce Well Costs Expand the 12 Gage Project footprint within the core…
Mountain Divide (fully owned subsidiary)s 12 Gage Project 12 Gage Project Map and Summary Canada Montana Divide County, ND American Eagle SM Energy 15,000 Net Acres with room for 30% CORE AREA: Acreage Growth 9 Operated PDP…
Project Area Overview Three Forks Structure 9 Confidential
Project Area Overview North South Cross Section and Increasing Oil Saturation 12 Gage Secondary Target: Middle Bakken 12 Gage Primary Target: Upper Three Forks (Torquay) 12 Gage Secondary Target: 12 Gage Geology: Lower…
Project Area Overview 12 Gage Project Area Activity 30 Day IPBOPD (High Month) By Operator The Bakken/Three Forks Area of Review: 29 Three Forks Wells is comparatively shallow Drilled in the last 3 years18 in the last 12 in Divide…
Mountain Divide 12 Gage Production Mountain Divide Operated Three Forks Wells IP Rates 600 MOUNTAIN DIVIDE 2013-14 THREE FORKS WELLS 30 Day IP 6% Increase over previous best well in less favorable 60 Day IP geology. 500…
Drilling and Completion 10 Operated Wells Drilled with Average Time to TD of 19 Days Spud to First Production, Mountain Divide Wells Well Spud Date First Prod Date Days Wigness 5-8-1H 11/14/2012 2/23/2013 101 Leininger 3-10-1H…
Drilling and Completion Capital Cost Review Drilling & Completion Costs Well SPUD Drilling (M) Frac / Cleanout Facility/Location Total Initial 3 Wells (Wigness, Leininger, Olson 35): Avg D&C Cost = 8.5MM Heckman 7-6-1H 7/6/2013…
Drilling and Completion Capital Cost Improvements Cost Reduction and Efficiency Initiatives Average Description Cost Reduction Cost Drilling Cost: 1,907M Reduce by 5% (cut 1 day to 18 days) through best practices and -100M --1,807…
Production Operations Lease Operating Expense Assumptions and Sensitivity Lease Operating Expense Assumptions and Type Well Economics LOE, /mo. LOE, /mo. LOE, /mo. SWD, Total Yr. 1 Total Yr. 2 1 to 6 mos. 6 to 18 mos. 18 mos. - ECL…
Mountain Divide 4Q 2014 BJNJ Well Pad Monitor new (BJNJ 30-31-1H) Production Aaberg Well Pad Continue BJNJ 19-18N-1H & Aaberg 8-5N-1H Pending Service Availability Continue installation of SWD gathering in core areareduces SWD…
BJNJ 30-31-1H Production BJNJ 30-31-1H Well Results BJNJ is companys best performing well in first 30 days 1 day IP - 700 boe/d (639 bopd, 368 mcf/d) 7 day IP - 623 boe/d (553 bopd, 420 mcf/d) 30 day IP - 568 boe/d (506 bopd, 372…
BJNJ 30-31-1H Production BJNJ 30-31-1H Well Results 19 Confidential
Legacy Assets Northwest Montana Production 2,500 gross/net acres, operator 100% WI 91% NRI Red Creek Field 100 boe/d Evaluating AB Bakken potential Current Production: 100 boe/d 35 producing wells (Madison, Lower Cut…
Risk Mitigation Significant growth potential while protecting value Eleven successful wells drilled, with nine successful producers across the existing acreage position, generating a further 69 well-defined infill development…
Appendices 22 Confidential
Management and Organization Board and Management Profiles Patrick M. Montalban President, CEO and Director: Mr. Montalban has been active in the oil and gas exploration and production industry for over 30 years, starting his career as…
Project Area Economics Mountain Divide Operated Wells and Type Curve 24 Confidential
Management and Organization Management, Directors and Advisors Management Executive Position Most Recent Position(s) President & CEO - Altamont Oil & Gas Patrick Montalban President & Chief Executive Officer Executive VP & COO -…
Drilling and Completion Cemented Liners and High Proppant Intensity Fracs EOG Frac Technique Case Study Mountrail, ND Roosevelt, MT NE Elm Coulee Clearwater Field Roosevelt, MT High NE Elm Coulee EUR Month STA FLUID Well…
Drilling and Completion Completion (Frac Stimulation) Historical & Summary of Offset Operator Fracs EUR High Month Prod LATERAL LENGTH Well Operator (MBOE) (BOPD) Months WC (ft) STAGES FLUID (BBLS) 's Prop Notes Mount. Used plug &…
Project Area Overview Consistent Three Forks Stratigraphy from East to West 28 Confidential
Project Area Overview North South Cross Section and Increasing Oil Saturation 29 Confidential
Supplemental Financial Information Hedge Position Month Barrels On December 19, 2013, the Company engaged in an eighteen month Jan-14 11,000 Hedging Agreement with Wells Fargo Feb-14 11,000 Mar-14 11,000 The agreement has a collar…
Running Room (Potential Future Projects) Colossus Red River / Three Forks / Lodgepole Project: Prolific 135,000 net acres Dawson, Richland & Wibaux Counties, MT Golden Valley, ND Whiting, Interstate, and Petro-Hunt Active…
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