|Mon Dec 13, 1999|
Drilling of a New Test Well
| ||The Company wishes to announce that it will be participating in the drilling of a new test well, located two miles north of it's producing Siverson Well on the Kansas/Colorado border. The new well will be a 5200 foot test of the Morrow Sandstone structure which is the source reservoir to the company's Siverson Well. The Siverson Well has produced over half a billion cubic feet of natural gas since it went online in February of this year.|
The new well, which the company will take a 10.25% working interest in, is located on a 2400 acre oil & gas lease. Drilling is expected to commence in the first week of January, 2000. The company will now have working interests ranging from 50% to 10.25% in over 16,000 gross acres along this Morrow Sandstone trend which follows the Kansas/Colorado border.
On Behalf of the Board
Mount Dakota Energy Corp.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release.
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