Saturday, January 4, 2025

Manitok Energy, Questfire Energy Corp. Acquisition Update

Steps have been taken to complete the acquisition of Questfire’s assets – Manitok Energy Inc. Back in July 2017, Oil & Gas 360® reported that Manitok Energy Inc. (ticker: MEI) would undergo a strategic combination with Calgary’s Questfire Energy Corp. Manitok previously agreed to acquire all of Questfire’s outstanding shares. The transaction value was approximately $55.4 million, including an additional

EnerCom Inc. Oil & Gas 360

Manitok Energy, Questfire Energy Combine to Create New 10,000 BOEPD Producer

Manitok Energy Inc. (ticker: MEI) announced on July 7th, 2017 that it would undergo a strategic combination with Calgary’s Questfire Energy Corp to establish a new intermediate energy producer. In the combination, Manitok has agreed to acquire all of the outstanding shares of Questfire. The transaction value is approximately $55.4 million, including an additional $51.8 million used to pay for

EnerCom Inc. Oil & Gas 360

Manitok Energy Acquires Acreage in Carseland where IRRs Exceed 100%

Manitok increases footprint in Caresland with acquisition of 1.1 MMcf/d of production Alberta-based Manitok Energy (ticker: MEI) announced that it has completed an acquisition from an Alberta-based oil and gas company to acquire a 100% working interest in approximately 1.1 MMcf/d (175 BOEPD) of natural gas production, based on field estimates, in the Carseland, Alberta area. In addition to the current

Manitok Sets New Record Production

Manitok announces production of 7.1 MBOEPD Calgary-based Manitok Energy Inc. (ticker: MEI) announced that the company has set a new production record. Manitok is currently producing at levels exceeding 7.1 MBOEPD (40% light oil and liquids), based on field estimates, surpassing its previously announced record production of 6.5 MBOEPD. Manitok attributed the increased production to three wells that the company

EnerCom Inc. Oil & Gas 360

Manitok Reports Stronger Netbacks and Higher Production

Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) 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

Manitok Announces Closing of Offering of $5 Million Flow-Through and Common Share Offering

Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) is pleased to announce that it has closed its previously announced best efforts offering (the “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. In connection with the Offering, Manitok

EnerCom Inc. Oil & Gas 360

Manitok Energy’s Second Carseland Well IPs at 442 BOEPD

Manitok Energy Inc. (Ticker: MEI) announced initial production test results from the second horizontal well of its Q4 drilling program. The 13-33-022-25W4 horizontal well, in which Manitok has 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

EnerCom Inc. Oil & Gas 360

Manitok Energy Closes Cardium Acquisition, Increases Production 37%

Manitok acquires 1.8 MBOEPD of producing assets Calgary-based Manitok Energy (ticker: MEI) announced today that the company closed its previously announced acquisition of certain assets of a private Alberta-based oil and gas company. Manitok believes the assets will produce an average of approximately 1,750 BOEPD (34% light oil and NGLs) in November, and are comprised of mature Cardium light oil

EnerCom Inc. Oil & Gas 360

Manitok Energy Achieves Highest Production Rate in Two Years, More Wells to Come Online

Manitok Energy produced 4,825 BOEPD even with production down time at Stolberg Manitok Energy (ticker: MEI) announced Monday that the company’s production averaged 4,825 BOEPD from September 1, 2016 to September 19, 2016 (40% light crude and NGLs), the highest production rate achieved by the company in the last two years. Production through September 19th represents a 35% increase in

EnerCom Inc. Oil & Gas 360

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

New acreage and production Calgary-based Manitok Energy (ticker: MEI) announced today that it will acquire Raimount Energy (ticker: RMT) in an all-stock transaction. Under the terms of the agreement, Manitok will acquire issued and outstanding common shares of Raimount through its wholly owned subsidiary 197746 Alberta Inc. (Acquireco). Each Raimount shareholder will receive six common shares and one and one-half

EnerCom Inc. Oil & Gas 360

Manitok Energy Inc. Announces 2015 Year-End Financial Results and an Operational Update

CALGARY, ALBERTA–(Marketwired – May 2, 2016) – Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) announces its financial and operating results for the year ended December 31, 2015 and provides an operational update. The full text of Manitok’s year-end results are contained in its audited financial statements as at and for the year ended December 31, 2015, the related

Manitok Energy Wayne Oil Facility - Alberta - Oil & Gas 360

Manitok Energy Emphasizes 2016 Growth Strategy at EnerCom’s The Oil & Service Conference™

Paying down debt and building out infrastructure has allowed Manitok Energy to switch gears to growth Manitok Energy (ticker: MEI, ManitokEnergy.com) presented at EnerCom’s The Oil & Service Conference ™ 14 March 9 at 4:00 p.m. PST. Manitok is a public oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canadian Foothills along with crude