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LATEST PRESS RELEASES
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Manitok Energy Inc. Announces Financial And Operational Results For The Third Quarter Of 2016Wednesday, November 30, 2016
Manitok Energy Inc. announces its financial and operating results for the third quarter of 2016. The full text of Manitok's third quarter results are contained in its unaudited condensed interim consolidated financial statements as at and for the three and nine months ended September 30, 2016 and the related management's discussion and analysis, copies of which are available electronically on Manitok's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and also on Manitok's website at www.manitokenergy.com.
Manitok Announces Closing Of Offering Of $5 Million Flow-through And Common Share OfferingTuesday, November 29, 2016
Manitok Energy Inc. is pleased to announce that it has closed its previously announced best efforts offering for total aggregate proceeds of approximately $5.05 million, completed by way of a short form base shelf prospectus as supplemented by the Corporation's prospectus supplement dated November 22, 2016.
Manitok Announces Pricing And Anticipated Proceeds From Flow-through And Common Share OfferingWednesday, November 23, 2016
Manitok Energy Inc. is pleased to announce that in connection with its previously announced best efforts offering, it anticipates gross proceeds to be raised under the Offering to be approximately $5.05 million, subject to any exercise of applicable statutory rights of withdrawal and rescission by the purchasers as disclosed in the prospectus supplement dated November 22, 2016 to its short form base shelf prospectus dated September 28, 2016. The Offering is anticipated to close on or before November 29, 2016.
Manitok Energy Inc. Announces An Offering Of Flow-through Shares And Common SharesThursday, November 17, 2016
Manitok Energy Inc. announced today that in light of the availability of flow though capital from certain existing shareholders it has decided to initiate a public equity offering to improve its liquidity position.Manitok has filed a draft prospectus supplement dated November 17, 2016 (the "Preliminary Prospectus Supplement") in connection with a best efforts offering (the "Offering") of (a) common shares of the Corporation ("Offered Common Shares"); (b) flow-through common shares of the Corporation ("CDE Flowthrough Shares") with respect to "Canadian development expenses" within the meaning of the Income Tax Act (Canada) and regulations thereunder (the "Tax Act");
Manitok Energy Inc. Announces Initial Production Test Results Of 442 BOE/D From Its Second Carseland Well In The 2016 Drilling ProgramTuesday, November 15, 2016
Manitok Energy Inc. is pleased to announce that it has initial production test results from its second horizontal well of the fourth quarter drilling program. The 13-33-022-25W4 horizontal well (100% working interest) in Carseland, targeted the Lithic Glauconitic ("LG") zone and was completed with a multi-stage fracture stimulation. In the last 24 hours of the production test, and after flowing back for about five days, the 13-33 well produced 442 boe/d comprised of 275 bbls/d of light oil and 1.0 Mmcf/d of natural gas.
Manitok Energy Inc. Announces Initial Production Test Results Of 674 BOE/D From First Carseland Well Drilled In The 2016 Drilling ProgramWednesday, November 02, 2016
Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce that it has initial production test results from its first horizontal well of the fourth quarter drilling program. The 14-32-022-25W4 horizontal well (100% working interest) in Carseland, targeted the Lithic Glauconitic ("LG") zone and was completed with a multi-stage fracture stimulation. After flowing for about three days, the well cleaned up enough to produce 270 bbls/d of light oil and 2.4 Mmcf/d of gas over the last 24 hour period with a water cut of about 47%. Using the historical performance of the offsetting wells, the 14-32 well is anticipated to clean up to under a 20% water cut. At that water cut, the offsetting wells initially produced approximately 300 bbls/d of light oil with 3.0 Mmcf/d of natural gas. In order to prevent the loss of the frac sand and increase the potential reserves recovered from the well over the longer term, it is anticipated that the well will be choked back by 15% to 20% when placed on production later in November 2016.