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2015 Press Releases

Manitok Energy Inc. Announces Closing Of The First Tranche of Its Brokered Private Placement and Concurrent Non-Brokered Private Placement

December 31, 2015, Calgary, Alberta – Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX- V: MEI) is pleased to announce that on December 30, 2015, Manitok has closed the first tranche of its previously announced best-efforts private placement offering of common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.13 per Common Share and Common Shares ("Flowthrough Shares" and together with the Common Shares...

Date:
Thursday, December 31, 2015

Manitok Energy Inc. Announces Brokered Private Placement Of Up To $20 Million

December 17, 2015, Calgary, Alberta – Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX-V: MEI) is pleased to announce that Manitok has entered into a letter agreement with syndicate of agents (the "Agents") co-led by Integral Capital Markets, a division of Integral Wealth Securities Limited and GMP Securities L.P., with a syndicate including Dundee Securities Inc., National Bank Financial Inc. and Canaccord Genuity Group Inc., in connection with a best-efforts private placement offer...

Date:
Thursday, December 17, 2015

Manitok Energy Inc. Announces Financial Results For the Third Quarter Of 2015 And An Operations Update

November 30, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the third quarter of 2015 and an operational update. Readers are cautioned that as this press release contains only a summary of...

Date:
Monday, November 30, 2015

Manitok Energy Inc. Provides A Corporate Update

October 1, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) wishes to provide this update to inform its shareholders of the proactive steps that the Corporation is taking to withstand the current commodity market conditions. The significant, unforeseen drop in energy prices has reduced the value of the Corporation's oil and natural gas reserves, impacting the Corporation's credit facilities, as noted in the Corporation's financial results for the seco...

Date:
Thursday, October 01, 2015

Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2015 and an Operations Update

Capital expenditures, net of divestitures were approximately $29.0 million, which related primarily to the acquisition of assets in the Wayne area of southeast Alberta with an effective date of April 1, 2015 for total cash consideration of approximately $62.4 million after estimated post-closing adjustments, which was offset with asset divestitures of a production volume royalty, a 5% gross overriding royalty in the Wayne area and facilities in the Wayne area as press released on June 12, 201...

Date:
Monday, August 31, 2015

Manitok Announces The Closing Of The Final Tranche Of The Equity Financing, Update On The Wayne Acquisition And A Financial Update

June 17, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce it has closed on the second and final tranche of approximately $6.6 million of gross proceeds...

Date:
Wednesday, June 17, 2015

Manitok Energy Inc. Announces The Closing of The Acquisition of Wayne Assets In Southern Alberta And Closing of The Majority of The Equity Financing

June 12, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce that it has closed the acquisition of certain petroleum and natural gas assets in the Wayne area of southeast Alberta as previously announced on its press release dated June 8, 2015 for a total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Wayne Acquisition").

Date:
Friday, June 12, 2015

Manitok Announces an Update On Its Acquisition in Southern Alberta

June 8, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to provide an update on the acquisition of approximately 1,800 boe/d of production (66% oil and liquids) and a related 25,000 bbls/d fluid processing facility in the Wayne area of southeast Alberta (the "Wayne Assets") for total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Proposed Acquisition").

Date:
Monday, June 08, 2015

Manitok Announces Financial Results For The First Quarter Of 2015 And Update On Its Proposed Acquisition

June 1, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the first quarter of 2015.The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2015 and the related management's discussion and analysis are available electronically on Manitok's profile on the System for Electronic Document Analysis and Retr...

Date:
Monday, June 01, 2015

Manitok Announces the Execution of Asset Purchase of Production and Fluid Processing Facility in Southern Alberta

May 1, 2015, Calgary, Alberta– Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce that it has entered into an asset purchase agreement with a public Alberta based resource company for the acquisition of approximately 1,800 boe/d of production (66% oil and liquids) and a related 25,000 bbls/day fluid processing facility in the Wayne area of southeast Alberta (the "Wayne Assets") for total cash consideration of $61.5 million prior to transaction costs and c...

Date:
Friday, May 01, 2015

Manitok Announces Revised Terms and Additional Undeveloped Lands at Entice

Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce revised terms and additional undeveloped lands to the Lease Issuance and Drilling Commitment Agreement with PrairieSky Royalty Ltd. (the "Agreement"). The major terms of the Agreement are as follows:

Date:
Friday, May 01, 2015

Manitok Announces 2014 Year End Financial Results

Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the year ended December 31, 2014, provides results from its 2014 independent reserves evaluation and provides an operational update.Given the current difficult commodity price environment, the Corporation continues to develop its more mature core area at Stolberg while setting itself up for growth in its second core area at Entice. Manitok completed a successful 29 (20.8 net) ...

Date:
Thursday, April 30, 2015

Manitok Announces Grant of Incentive Stock Options

Manitok Energy Inc. announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 805,000 common shares ("Common...

Date:
Tuesday, February 17, 2015

Manitok Provides Operations and Corporate Update

Manitok Energy Inc. provides an operations and corporate update. Manitok concluded 2014 by successfully completing the drilling and production test of two Cardium light oil wells. The two wells are 103/13-21-42-15W5 (33% working interest) and 13-11-42-15W5 (30% working interest). This completes a 15 well (6.8 net) drilling program in Cordel-Stolberg for 2014. The 13-11-42-15W5 well which targeted the backlimb of the Cardium structure tested at 333 bbls/d (100 bbls/d net) and 150 mcf/d (45 mcf...

Date:
Tuesday, February 03, 2015