Manitok Energy is pleased to announce the appointment of Tim Jerhoff as the Corporation's new Vice President Production and Engineering. Mr. Jerhoff is a professional engineer with over 25 years of experience in the Canadian oil and gas industry. Mr. Jerhoff began his career with Petro-Canada in 1988 and he eventually became Team Lead, northeast BC [...]
Manitok announces that it intends to conduct a normal course issuer bid to purchase for cancellation up to 6,777,286 common shares in the capital of Manitok, representing 10% of its Public Float. Manitok plans to fund the Bid with its funds from operations and available financing under its credit facility. The Bid will be conducted through the [...]
Manitok Energy Inc. is pleased to announce that it has entered into a definitive agreement to sell certain oil and gas assets in the Central Alberta Foothills for gross proceeds to Manitok of $22.85 million, less closing adjustments of approximately $0.85 million. The Asset Disposition includes approximately 777 boe/d (34% sweet natural
Manitok announces that its board of directors approved the granting of incentive stock options under its stock option plan to certain of its directors, officers, employees and consultants to acquire up to an aggregate of 1,134,000 common shares of the Corporation. All of such Options are exercisable for a period of five years at a price of $2.40 [...]
Manitok is pleased to provide the following information regarding its anticipated 2014 capital expenditure program and guidance. All dollar figures are in Canadian dollars unless otherwise noted. Highlights Capital expenditures of approximately $104.5 million. Average annual production of 6,000 to 6,200 boe/d, which is approximately a 50% increase [...]
Based on field estimates, Manitok's production averaged 5,550 boe/d over the month of December 2013, which is a record high production month for the Corporation and exceeds Manitok's previously provided 2013 exit guidance of 5,300 - 5,500 boe/d. The proportion of oil production at 58% was above the Corporation's previously provided exit guidance of [...]
Manitok is pleased to provide an update on its 2013 drilling program. Operations Update: The 20th Stolberg Cardium horizontal oil well at 102/10-11-42-15W5M, was placed on production November 30, 2013. During the first two weeks of December the well flowed at an average unstimulated production rate of 695 bbls/d of 43° API light oil. This exceeds [...]
Manitok Energy Inc. announces its financial and operating results for the third quarter of 2013. The full text of Manitok's third quarter report containing its unaudited condensed interim financial statements as at and for the three and nine months ended September 30, 2013 and the related management's discussion and analysis will be available [...]
The only commitment well, and 1st earning well, of the Quirk Creek farm-in with Legacy Oil + Gas located at 11-31-020-03W5 was completed at a total vertical depth of about 2,050 metres. The unstimulated horizontal oil well tested the Cardium B zone and was production tested over a 66 hour period. Through intermittent periods of swabbing and [...]
Manitok Energy is pleased to announce that it has closed its previously announced "bought deal" public offering of common shares issued on a "Canadian Exploration Expense" flow-through basis under the Income Tax Act and common shares issued on a "Canadian Development Expense" flow-through basis under the Income Tax Act (Canada) ("CDE Flow-through [...]
Manitok is pleased to announce that, in connection with its previously announced offering of common shares on a flow-through basis, Manitok and the syndicate of underwriters co-led by National Bank Financial Inc., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. and including Integral Wealth Securities Ltd., RBC Capital Markets [...]
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