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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: KC Jones who wrote (9650)	10/10/2002 3:03:20 PM
From: Al Collard	Read Replies (1) of 11802

MVW-v...in the news: Mountainview commences Red Creek field workover program Thu 10 Oct 2002 News Release Mr. Joseph Montalban reports The workover program in the recently acquired Red Creek field, which is located along the United States/Canada border, in Northern Montana, commenced in early September, 2002. This field was acquired from Summit Resources Ltd. of Calgary, Alta., and contains 28 wells. Three wells were tested and reworked resulting in increased daily production from approximately 40 barrels to 70 barrels of oil per day. The enhanced production along with escalating oil prices resulted in a revenue increase from an average of $35,000 (U.S.) per month to $42,000 (U.S.) in September, 2002. Additional wells will be reworked in early November when the service rig returns to Red Creek. The management of Mountainview Energy is continuing in its efforts to identify new properties for development in Southern Alberta and Northern Montana. Several properties are now under study and consideration. With the completion of the private placement in June, 2002, the company is now debt free and has sufficient working capital to make new acquisitions.

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