Artek Exploration is pleased to provide the following operational update. During the first quarter at Inga, the Company experienced some mechanical issues during the water based multi-stage fracture stimulation program performed on its second horizontal Doig well of the year at A5-11-88-23W6M as disclosed in a prior press release. Following [...]
Artek Exploration is pleased to announce the closing of its recently announced bought deal financing for aggregate gross proceeds of approximately $43 million. An aggregate of 8,050,000 common shares of the Corporation were issued at a price of $4.10 per common share and 1,987,000 common shares of the Corporation were issued on a "flow-through [...]
Artek Exploration is pleased to announce the voting results for the election of directors at its annual meeting of shareholders held on May 29. Each of the five nominees proposed by management were re-elected as directors of Artek to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with shares [...]
Artek Exploration is pleased to provide this summary of its financial and operating results for the quarter ended March 31, 2014. A complete copy of the Company's comparative financial statements for the quarter ended March 31, 2014, along with management's discussion and analysis in respect thereof will be filed on SEDAR and on the Company's [...]
Artek Exploration is pleased to announce that, in connection with its previously announced offering of common shares and common shares to be issued on a "flow-through" basis, the Corporation and the Underwriters have agreed to increase the size of the offering to an aggregate of 8,050,000 Common Shares at a price of $4.10 per Common Share and [...]
Artek Exploration is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., National Bank Financial Inc., Clarus Securities Inc., GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Dundee Securities Ltd. (collectively, the [...]
Artek Exploration is pleased to provide the following operational update. Early in the first quarter at Inga, Artek executed its first slickwater hybrid frac on the horizontal Doig well located at 13-16-87-23W6M. The well had an average 30 day initial production (IP30) rate of approximately 1,200 boe/d with 67% liquids, which is the highest liquids [...]
Artek Exploration is pleased to provide this summary of its financial and operating results for the three months and year ended December 31, 2013. A complete copy of the Company's audited comparative financial statements for the years ended December 31, 2013 and 2012, along with management's discussion and analysis in respect thereof will be filed [...]
CALGARY, ALBERTA--(Marketwired - Mar 5, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide an operational update and announce the results of its independent reserve evaluation for the year ended December 31, 2013 (the "Sproule Report") as prepared by Sproule Associates Limited ("Sproule [...]
CALGARY, ALBERTA--(Marketwired - Feb 11, 2014) - Artek Exploration Ltd. ("Artek" or the "Company") (TSX:RTK) - Artek entered 2014 at a record production level of approximately 4,800 boe/d (approximately 38% oil and natural gas liquids) based on field estimates. On the back of this success, Artek is pleased to announce its 2014 capital expenditure [...]
CALGARY, ALBERTA--(Marketwired - Jan 28, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area. The well was completed with a [...]
CALGARY, ALBERTA--(Marketwired - Jan 7, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in the fourth quarter, Artek drilled a successful Doig horizontal well and Montney horizontal well from the same surface pad at 10-17-87-23W6M in the Inga South [...]