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2016 Press Releases

Manitok Energy Inc. Announces A New Production Milestone Exceeding 7,100 BOE/D And Two Additional Well Test Results

Manitok Energy Inc. is pleased to announce that it has achieved another production milestone. Based on field estimates, Manitok's current production level exceeds 7,100 boe/d (40% light oil and liquids) surpassing Manitok's previously announced record production level of 6,500 boe/d at the end of October 2016.

Date:
Thursday, December 08, 2016

Manitok Energy Inc. Announces Financial And Operational Results For The Third Quarter Of 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.seda...

Date:
Wednesday, November 30, 2016

Manitok Announces Closing Of Offering Of $5 Million Flow-through And Common Share Offering

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.

Date:
Tuesday, November 29, 2016

Manitok Announces Pricing And Anticipated Proceeds From Flow-through And Common Share Offering

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 N...

Date:
Wednesday, November 23, 2016

Manitok Energy Inc. Announces An Offering Of Flow-through Shares And Common Shares

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 Corp...

Date:
Thursday, November 17, 2016

Manitok Energy Inc. Announces Initial Production Test Results Of 442 BOE/D From Its Second Carseland Well In The 2016 Drilling Program

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 an...

Date:
Tuesday, November 15, 2016

Manitok Energy Inc. Announces Initial Production Test Results Of 674 BOE/D From First Carseland Well Drilled In The 2016 Drilling Program

Manitok Energy Inc. 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 c...

Date:
Wednesday, November 02, 2016

Manitok Energy Inc. Announces The Closing Of The Previously Announced Acquisition And Achieving Record Production Of 6,500 BOE/D

Manitok Energy Inc. is pleased to announce that it has closed its previously announced acquisition (the "Acquisition") of certain assets that are anticipated to average approximately 1,750 boe/d (34% light oil and NGLs) in November 2016. 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 includes other oil & gas assets in Alberta. For further details regard...

Date:
Monday, October 31, 2016

Manitok Energy Inc. Announces Closing Of Offering Of Units Consisting Of Collateralized Exchange Listed Notes And Warrants

Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce that it has closed its previously announced marketed underwritten offering of 212,071 units of Manitok ("Units") for total aggregate gross proceeds of $21.2 million (the "Offering"). Each Unit will consist of a $100 principal amount senior secured note due 2021 with an interest rate of 10.5% per annum ("Collateralized Exchange Listed Notes" or "CEL Notes") and 164 common share purchase warrants ("Warrants...

Date:
Thursday, October 27, 2016

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 Agreement

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, 201...

Date:
Thursday, October 13, 2016

Manitok Energy Inc. Announces A Significant Asset Acquisition And A $20.0 Million Offering Of Units Consisting Of Collateralized Exchange Listed Notes And Warrants

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 ...

Date:
Thursday, September 29, 2016

Manitok Energy Inc. Announces Achieving Its Highest Production Rate In The Last Two Years

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.

Date:
Monday, September 26, 2016

Manitok Energy Inc. Announces It Has Spud A Lithic Glauc Well At Carseland And The Initial Production Rates From Its First Rockyford Lithic Glauc Well

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.

Date:
Wednesday, September 21, 2016

Manitok Energy Inc. Announces Filing Of A Preliminary Base Shelf Prospectus And Issuance Of Stock Options

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 o...

Date:
Friday, September 16, 2016

Manitok Energy Inc. Announces Financial Results For The Second Quarter Of 2016 And An Operational Update

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 ("SE...

Date:
Monday, August 29, 2016

Manitok Energy Inc. and Raimount Energy Inc. Announce Closing of Plan of Arrangement

Manitok Energy Inc. and Raimount Energy Inc. are pleased to announce that the previously announced plan of arrangement under the Business Corporations Act (Alberta) involving Manitok, Raimount, the holders of common shares of Raimount and 1977746 Alberta Inc., a wholly owned subsidiary of Manitok, has been completed.

Date:
Friday, August 19, 2016

Manitok Energy Inc. Announces Closing Non-brokered Private Placement of Subscription Receipts

Manitok Energy Inc. is pleased to announce that on July 25, 2016, Manitok closed its previously announced non-brokered private placement offering of subscription receipts (the "Subscription Receipts") at a price of $0.18 per Subscription Receipt (the "Private Placement"). Under closing of the Private Placement, Manitok issued 8,333,334 Subscription Receipts for aggregate gross proceeds of $1.5 million.

Date:
Tuesday, July 26, 2016

Manitok Energy Inc. And Raimount Energy Inc. Enter Into Arrangement Agreement And Manitok Energy Inc. Announces Renewed Credit Facility And Non-brokered Subscription Receipt Private Placement

Manitok Energy Inc. and Raimount Energy Inc. are pleased to announce that Manitok and Raimount have entered into an arrangement agreement dated June 29, 2016 with 1977746 Alberta Inc. , being a wholly owned subsidiary of Manitok. Under the terms of the Arrangement Agreement, Manitok will acquire, indirectly through Acquireco, all of the issued and outstanding common shares of Raimount by way of a plan of arrangement under the Business Corporations Act (Alberta). Each Raimount shareholder w...

Date:
Wednesday, June 29, 2016

Manitok Energy Inc. Announces Financial Results For The First Quarter Of 2016 And An Operational Update

Manitok Energy Inc. announces its financial and operating results for the first quarter of 2016 and provides an operational update. The full text of Manitok's first quarter results are contained in its unaudited condensed interim financial statements as at and for the three months ended March 31, 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 ...

Date:
Tuesday, May 31, 2016

Manitok Energy Inc. Announces Closing Of The First Tranche Of Its Brokered Private Placement

Manitok Energy Inc. is pleased to announce that on May 19, 2016, Manitok closed the first tranche of its previously announced best-efforts private placement offering of (i) common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.18 per Common Share, and (ii) Common Shares (the "Flowthrough Shares") issued on a "flow-through" basis in respect of Canadian exploration expense under the Income Tax Act (Canada) at a price of $0.21 per Flow-through Share (the "Brokered...

Date:
Thursday, May 19, 2016

Manitok Energy Inc. Announces Repricing Of Previously Announced Private Placement

Manitok Energy Inc. Announces that the terms of its private placement offering of up to $10,000,000 originally announced on April 21, 2016, have been revised by the reduction in the price of the common shares (the "Common Shares") in the capital of Manitok from $0.21 per Common Share to $0.18 per Common Share and the reduction in the price of the Common Shares ("Flow-through Shares" and together with Common Shares, "Offered Shares") issued on a "flow-through" basis in respect of Canadian expl...

Date:
Tuesday, May 10, 2016

Manitok Energy Inc. Announces 2015 Year-End Financial Results And An Operational Update

Manitok Energy Inc. 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 management's discussion and analysis and Manitok's Annual Information Form for the year ended December 31, 2015 ("AIF"), copies of which are available electronically on Manitok's profile on the System fo...

Date:
Monday, May 02, 2016

Manitok Energy Inc. Announces Up To A $10.0 Million Brokered Private Placement Equity Financing

Manitok Energy Inc. is pleased to announce that Manitok has entered into a letter agreement with a syndicate of agents led by Integral Capital Markets, a division of Integral Wealth Securities Limited (the "Agents"), in connection with a best-efforts private placement offering of up to $10,000,000 (the "Offering"). The Offering will consist of common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.21 per Common Share and Common Shares ("Flow-through Shares" and ...

Date:
Thursday, April 21, 2016

Manitok Energy Inc. Announces Year-End 2015 Reserves Evaluation And Unaudited 2015 Financial And Operating Results

Manitok Energy Inc. is pleased to provide highlights from its 2015 independent reserves evaluation, its 2015 fourth quarter and year-end unaudited financial and operational results and provide an operational update. All financial amounts referred to in this press release are management's internal estimates and the year-end financial statements have not yet been audited.

Date:
Wednesday, March 30, 2016

Manitok Energy (V.MEI) CEO’s contrarian play spells success amid sector downturn

While the current oil and gas market downturn has sent many juniors within the sector to the chopping block, Manitok Energy (TSX: V.MEI, Forum), an exploration and development com- pany operating in the Canadian Foothills and Southeast Alberta, has managed to not only hold its own, but enhance its producing portfo- lio and future potential with a series of smart ac- quisitions. I sat down with company CEO, Mass Geremia, to get the inside track on Manitok and how it will capitalize on the oil ...

Date:
Wednesday, March 16, 2016

Manitok Energy Inc. Announces The Closing Of The Acquisition Of A Natural Gas Processing Plant In Carseland And The Grant Of Stock Options

Manitok Energy Inc. is pleased to announce that it has closed the acquisition of a 14 Mmcf/d natural gas processing plant, 5,760 acres of land at a 100% working interest, 450 mcf/d (75 boe/d net) of natural gas production and the gas gathering system associated with the production in the Carseland area of southeast Alberta on March 4, 2016 as previously announced on its press release dated March 2, 2016 for a total cash consideration of $4.75 million prior to transaction costs and customary c...

Date:
Monday, March 07, 2016

Manitok Energy Inc. Announces The Acquisition Of A Natural Gas Processing Plant And Natural Gas Production In The Carseland Area

Manitok Energy Inc. is pleased to announce that it has entered into an asset purchase agreement with a private company for the acquisition of a 14 Mmcf/d natural gas processing plant in the Carseland area along with approximately 450 mcf/d net (75 boe/d net) of natural gas production, the related gathering systems, 5,760 acres of undeveloped land at a 100% working interest and an 11 kilometre sales gas line tied into the ATCO south sales system.

Date:
Wednesday, March 02, 2016

Manitok Energy Inc. Announces Closing Of The Final Tranche Of Its Private Placement And Raising A Combined Gross Proceeds Of $10.6 Million

Manitok Energy Inc. is pleased to announce that Manitok has entered into a letter agreement with a syndicate of agents led by Integral Capital Markets, a division of Integral Wealth Securities Limited (the "Agents"), in connection with a best-efforts private placement offering of up to $10,000,000 (the "Offering"). The Offering will consist of common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.21 per Common Share and Common Shares ("Flow-through Shares" and ...

Date:
Tuesday, February 16, 2016

Manitok Energy Inc. Announces Closing Of The Second Tranche Of Its Private Placement And Raising A Combined Gross Process Of $10.5 Million

Manitok Energy Inc. is pleased to announce that on January 26, 2016, Manitok has closed the second 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, the "Offered Shares")

Date:
Tuesday, January 26, 2016

Manitok Energy Inc. Provides Update on its Brokered Private Placement of up to $20 Million

Manitok Energy Inc. is pleased to provide an update in connection with its best-efforts private placement offering with a minimum of $10,000,000 and a maximum of $20,000,000 (the "Offering"). Manitok anticipates that it will close its second tranche of the Offering on or about January 26, 2016. Upon completing the second tranche of the Offering, Manitok's credit facility will be revised to $60 million in January 2016. The previously reported $10 million payment in March 2016 and $20 million p...

Date:
Thursday, January 21, 2016