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LATEST PRESS RELEASES
Stay current on Manitok's activities through our press releases.
Manitok Energy Inc. Announces Pricing And Upsizing Of Offering Of Units Consisting Of Collateralized Exchange Listed NotesTM And Warrants And The Execution Of An Underwriting AgreementThursday, October 13, 2016
Manitok Energy Inc. is pleased to announce that it has priced its previously announced marketed underwritten offering of units of Manitok (the "Units") and has increased the size of the offering from 200,000 Units to 212,071 Units for total aggregate gross proceeds of $21.2 million (the "Offering"). In connection with the Offering, Manitok has filed a prospectus supplement dated October 12, 2016 (the "Prospectus Supplement") and has entered into an underwriting agreement dated October 12, 2016 (the "Underwriting Agreement") with a syndicate of underwriters (the “Underwriters”) co-led by Raymond James Ltd. and Integral Wealth Securities Limited as joint lead bookrunners.
Manitok Energy Inc. Announces A Significant Asset Acquisition And A $20.0 Million Offering Of Units Consisting Of Collateralized Exchange Listed Notes And WarrantsThursday, September 29, 2016
Manitok Energy Inc. is pleased to announce that it has entered into an asset purchase agreement with an Alberta based private oil and gas company to acquire certain assets that averaged 1,934 boe/d 32% light oil and NGLs) of production in the second quarter of 2016, and that are anticipated to average approximately 1,750 boe/d (34% light oil and NGLs) in November 2016, upon the closing of the Acquisition (the "Acquisition"). A majority of the assets being acquired pursuant to the Acquisition are comprised of mature Cardium light oil and natural gas assets in the Willisden Green area of west central Alberta and the balance of the assets are found in the Wildcat Hills and Enchant areas of Alberta (the "Assets"). The Acquisition is complementary to Manitok's existing asset base and technical expertise, providing the Corporation with an accretive increase in reserves and production relative to its outstanding common shares.
Manitok Energy Inc. Announces Achieving Its Highest Production Rate In The Last Two YearsMonday, September 26, 2016
Manitok Energy Inc. announces an update on corporate production rates. Based on field estimates, Manitok's production averaged approximately 4,825 boe/d from September 1, 2016 to September 19, 2016, with approximately 40% being light oil and NGLs. This represents an increase of about 35% from average daily production reported in the second quarter of 2016 and the highest production rate achieved by Manitok since early in 2014.
Manitok Energy Inc. Announces It Has Spud A Lithic Glauc Well At Carseland And The Initial Production Rates From Its First Rockyford Lithic Glauc WellWednesday, September 21, 2016
Manitok Energy Inc. announces the initial production rates from a successfully drilled horizontal Lithic Glauconitic ("LG") exploration well in the Rockyford area pursuant to a farm-out agreement that was previously announced in November 2015, and that it has spud the first horizontal LG well of its 2016 drilling program in the Carseland area.
Manitok Energy Inc. Announces Filing Of A Preliminary Base Shelf Prospectus And Issuance Of Stock OptionsFriday, September 16, 2016
Manitok Energy Inc. announces that it has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada for the offering of up to a cumulative amount of CDN$150,000,000 of common shares, preferred shares, debt securities, subscription receipts, warrants, units or any combination thereof (the "Securities") over the 25-month period for which the final short form base prospectus remains valid. The specific terms of any Securities issued over the 25 month period will be described in prospectus supplements to be filed with the applicable securities regulatory authorities in Canada at the time of issuance.
Manitok Energy Inc. Announces Financial Results For The Second Quarter Of 2016 And An Operational UpdateMonday, August 29, 2016
Manitok Energy Inc. announces its financial and operating results for the second quarter of 2016 and provides an operational update. The full text of Manitok's second quarter results are contained in its unaudited condensed interim financial statements as at and for the three and six months ended June 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.