Investor Information

Why Invest In MTZ ?

  • 40 million barrels of risked reserves in the Upper and Lower Shaunavon targeted on 13 prospects on 135,000 acres held by the Company delineated with 3-D seismic.
  • Extension of Shaunavon trend north of the border where over 300 million barrels has been produced from the Upper and Lower Shaunavon.
  • Over 20 million barrels produced from offsetting wells in Montana.
  • Conventional vertical drilling to 4,100 feet for all-in costs of $500,000 - $650,000 with anticipated EURs of 100,000 bbls and IPs of 40 to 80 bopd with a netback of $32.00 USD and IRRs ranging from 33% to 80% at $60 WTI at current oil prices (far greater returns than competing plays). Anticipated service cost reduction of up to 30% will further enhance economics.
  • Initial proposed $5 million, 15 well program (5 oil wells and 10 gas well) targets risked reserves of up to 10 million barrels.

Latest Stock Price

MTZ:TSX-V ( Montana Exploration Corp.)
Last Price $0.08
Change -0.01 (-5.88%)
Volume 11,000
Last Trade 10/20/2017 1:17pm


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