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Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 4.0K
MVW On Other Exchanges
As of 9:30 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mountainview energy ltd (MVW) Snapshot

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52 Week High
09/10/14 - C$0.40
52 Week Low
07/17/15 - C$0.02
Market Cap
Average Volume 10 Days
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mountainview energy ltd (MVW) Details

Mountainview Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Montana and North Dakota, the United States. It primarily focuses on the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken. The company was incorporated in 2000 and is headquartered in Cut Bank, Montana.

16 Employees
Last Reported Date: 04/30/15
Founded in 2000

mountainview energy ltd (MVW) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$154.5K
Secretary, Treasurer, Independent Director an...
Total Annual Compensation: C$95.7K
Compensation as of Fiscal Year 2013.

mountainview energy ltd (MVW) Key Developments

Mountainview Energy Ltd. Announces Executive Changes

Mountainview Energy Ltd. announced the departure of Mr. Brent Osmond, Vice President, Finance and Chief Financial Officer of the company, effective immediately. Ms. Katherine Hylland, CPA and Controller of the company, has been appointed Interim Vice President, Finance and Chief Financial Officer.

Mountainview Energy Ltd. Reports Earnings and Production Results for the Quarter Ended March 31, 2015

Mountainview Energy Ltd. reported earnings and production results for the quarter ended March 31, 2015. For the quarter, the company reported petroleum and natural gas sales of USD 2,050,000 compared to USD 6,108,000 a year ago. Funds flow from operations at negative was USD 2,879,000 or USD 0.03 per basic and diluted share compared to funds flow from operations of USD 310,000 or USD 0.00 per basic and diluted share a year ago. Net loss was USD 5,011,000 or USD 0.06 per basic and diluted share compared to USD 1,542,000 or USD 0.02 per basic and diluted share a year ago. Capital expenditure was USD 307,000 compared to USD 7,910,000 a year ago. Net debt was USD 88,109,000 as on March 31, 2015. For the quarter, average daily production of light crude oil was 627 bbl per day compared to 778 bbl per day a year ago. Natural gas production was 211 Mcf/d compared to 719 Mcf/d a year ago. Barrels of oil equivalent was 680 boe/d compared to 898 boe/d a year ago. Natural gas liquids production was 18 bbl per day.

Mountainview Energy Mulls Acquisitions

Mountainview Energy Ltd. (TSXV:MVW) is seeking acquisitions. Mountainview Energy said at first quarter financials, “In parallel the Company is actively considering debt and equity financing solutions, assets sales and corporate transactions among other available alternatives, with a view to the best interest of the Company.”


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