Mountainview Energy Ltd. provided an operational update on the 2013 summer drilling program in Mountainview's 12 Gage project in the Williston Basin. The Olson 2-11S-1H, the second well in the three-well summer drilling program in Mountainview's 12 Gage project in the Williston Basin, was drilled by Nabors Rig 272 to a total depth of 18,888' in 16 days. The well encountered encouraging geologic shows while drilling the lateral of 10,168', which was the longest lateral the Company has drilled to-date.

The fracture stimulation conducted was a 26-stage plug and perforation program completed successfully with the well being placed on production Oct. 16, 2013. The initial 7 day average production for the Olson 2 Well, which is still recovering frac load water, was 506 boe/d gross (284 boe/d net) of 90% oil.

The Olson 2 Well has produced for approximately 18 days averaging 483 boe/d gross (271 boe/d net to the Company) of 90% oil. Similar to the first well of the summer program, the Heckman 7-6-1H Well, the Olson 2 Well has exceeded Company production expectations thus far. The Charlotte 1-12-1H, the Company's third Three Forks well of its summer three-well drilling program is most recent well that the Company has placed on production with artificial lift.

The Charlotte has only been on production for approximately 5 days. The Company will follow up this release with another announcement of the production results for the Charlotte well. The company now has five wells from the winter and summer drilling program on production with artificial lift at a current production rates of 1,107 boe/d net.

This rate does not include production from the Charlotte well. Average time from the well's spud date to first production (after fracture stimulation) was 65 days for this summer's program, a reduction of over 30% from the previous program. The company's total corporate production is approximately 1,257 boe/d net.

In addition to the substantial production increase, the company has entered into a sales agreement for marketing its associated gas from its wells in the 12 Gage project and is working with a partner on a pipeline water disposal system.