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LATEST PRESS RELEASES
Stay current on Manitok's activities through our press releases.
Manitok Energy Inc. and Questfire Energy Corp. Announces Results of Interim Order Application on Previously Announced Strategic CombinationWednesday, July 19, 2017
Manitok Energy Inc. and Questfire Energy Corp. are pleased to announce that further to their previously announced acquisition by Manitok of all the issued and outstanding common shares of Questfire pursuant to a plan of arrangement under the Business Corporations Act (Alberta) on July 7, 2017, Questfire has been granted an interim order authorizing, among other things, the holding of an annual and special meeting of the holders of Questfire Shares at which Questfire Meeting the Questfire Shareholders will be asked, among other things, to approve the Acquisition.
Expander Receives Alberta Energy Regulator Approval To Build Canada’s First Commercial Gas To Liquids PlantWednesday, July 12, 2017
James Ross, CEO of Expander Energy Inc., is pleased to announce that Expander has received Alberta Energy Regulator approval to build and operate Canada’s first commercial gas to liquids plant. Expander, through its subsidiary, Rocky Mountain GTL Inc., intends to build the Enhanced GTL plant at Carseland, Alberta to process ~5.0 MMscfe/d of natural gas and natural gas liquids into 500 bbl/d of paraffinic synthetic diesel and naphtha. This plant will incorporate a number of Expander enhancements in that it will be water neutral, generate excess power and convert process CO2 into additional synthetic diesel.
Manitok Energy Inc. Announces Strategic Combination With Questfire Energy Corp. to Form Canada's Newest Intermediate Energy Producer with Greater Than 10,000 boe/d of ProductionFriday, July 07, 2017
Manitok Energy Inc. and Questfire Energy Corp. are pleased to announce that on July 5, 2017 they have entered into a definitive agreement providing for the acquisition by Manitok of all the issued and outstanding common shares of Questfire pursuant to a plan of arrangement under the Business Corporations Act.
Manitok Energy Inc. And Craft Oil Ltd. Announce Closing Of ArrangementThursday, June 08, 2017
Manitok Energy Inc. and Craft Oil Ltd. are pleased to announce that the previously announced plan of arrangement under the Business Corporations Act involving Manitok, Craft and the holders of class "A" common shares of Craft was completed on June 6, 2017. The Arrangement was approved at the special meeting of Craft Shareholders held on June 5, 2017 and the final order regarding the Arrangement was granted by the Court of Queen's Bench of Alberta on June 6, 2017.
Manitok Energy Inc. Announces Financial Results For The First Quarter Of 2017Wednesday, May 31, 2017
Manitok Energy Inc. announces its financial and operating results for the first quarter of 2017 and provides an operational update. The full text of Manitok's first quarter results are contained in its unaudited condensed interim consolidated financial statements as at and for the three months ended March 31, 2017 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 at www.sedar.com and also on Manitok's website at www.manitokenergy.com.
Manitok Energy Inc. Announces Amended Terms For The Lease Issuance And Drilling Commitment AgreementWednesday, May 24, 2017
Manitok Energy Inc. is pleased to announce amended terms of its Lease Issuance and Drilling Commitment Agreement with an Alberta based royalty company. Summary of the key terms of the revised Agreement are as follows: In the amended Agreement, Manitok has agreed to: the early surrender of approximately 148,000 acres of undeveloped leased lands located mostly in the northern end of the Entice block in Manitok's Beiseker and Strathmore areas and the payment of cash consideration of approximately $1,998,520, with $350,000 having been paid immediately on the execution of Agreement and the remainder to be paid by Manitok following the completion of its previously announced plan of arrangement with Craft Oil Ltd. which is anticipated to be closed on or about June 6, 2017