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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.