NEW YORK, Aug. 27, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Mountainview
Energy Ltd. (OTCQX: MNVWF; TSX.V: MVW), a Canadian oil and gas
exploration company, has been approved to trade on OTCQX®, the best
marketplace with qualified companies.
Mountainview Energy began trading today on OTCQX International,
a segment of the OTCQX marketplace reserved for high-quality
non-U.S. companies that are listed on a qualified international
exchange, undergo management reviews and provide their home country
disclosure to U.S. investors. U.S. investors can find current
financial disclosures and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
"We are pleased to welcome Mountainview Energy to the OTCQX
marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"OTCQX companies demonstrate their commitment to providing superior
information to investors and maintaining the highest quality
standards. We look forward to supporting the Mountainview
team as they continue to grow the company and provide a robust
public market for their shares."
"We are pleased to join OTCQX as it will provide our U.S.
investors with timely news and information to help them better
analyze, value and trade our securities," said Patrick M. Montalban, President and CEO of
Mountainview Energy Ltd.
Burns, Figa & Will, P.C. will serve as Mountainview Energy's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing professional guidance on OTCQX requirements and U.S.
securities laws.
Mountainview Energy's primary focus is on the exploration,
production and development of its oil and gas assets in the
Williston Basin
Bakken/Three Forks play in
Sheridan County, Montana and
Divide County, North Dakota and
the South Alberta Bakken play in Glacier, Pondera and Teton
County, Montana. Through this development activity the
company has the opportunity to increase its daily production and to
build an oil and gas company based on solid fundamentals. To
accomplish its goals Mountainview will rely on its management
team's proven record of over 50 years of combined experience in
developing oil and gas fields both in private and public
companies.
Mountainview Energy Ltd. is an Operator in the Williston Basin. The core project of the
company is the 12-Gage Project located in the Williston Basin, Divide County, North Dakota. The
company successfully drilled three horizontal Three-Forks wells on its 12-Gage property
during the 2012 Winter Drilling program all of which are currently
producing. The company is currently drilling the third well
of the 2013 Three-Well Summer Program.
The 12-Gage Project has a total of 84 potential horizontal
Three Forks well locations to
develop this acreage. Management believes that the knowledge
gained from the 12-Gage Project will help it successfully develop
its Stateline and Medicine Lake
acreage located in Sheridan County,
Montana.
Mountainview Energy trades in the U.S. on OTCQX under the symbol
"MNVWF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and
Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a diverse
network of broker-dealers that provide liquidity and execution
services for a wide spectrum of securities. We organize these
securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.