2017 Press Releases
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.
Date:Thursday, June 08, 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 ...
Date:Wednesday, May 31, 2017
Manitok Energy Inc. Announces Amended Terms For The Lease Issuance And Drilling Commitment Agreement
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 approximatel...
Date:Wednesday, May 24, 2017
Manitok Energy Inc. Discloses Highlights From Year-End Reserves Report And Announces 2016 Year-End Financial Results.
Manitok Energy Inc. is pleased to provide highlights from its 2016 independent reserves evaluation and announce its financial results for the fiscal year-ended December 31, 2016. Sproule Associates Limited, Manitok's independent qualified reserves evaluator based in Calgary, Alberta, prepared a reserves estimation and economic evaluation effective December 31, 2016 in respect of Manitok's oil and natural gas properties.
Date:Tuesday, May 02, 2017
Manitok Energy Inc. and Craft Oil Ltd. are pleased to announce that Manitok and Craft have entered into an arrangement agreement dated as of April 28, 2017. Under the terms of the Arrangement Agreement, Manitok will acquire all of the issued and outstanding common shares of Craft by way of a plan of arrangement under the Business Corporations Act for $6.6 million of common shares of Manitok at the Manitok Share Price (defined below). Craft's assets include approximately $3.5 million of net wo...
Date:Monday, May 01, 2017
Manitok Energy Inc. Announces The Acquisition Of Natural Gas Production And Related Strategic Pipeline System And A Year Over Year First Quarter Production Increase Of 39%
Manitok Energy Inc. is pleased to announce 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 boe/d) of natural gas production, based on field estimates, in the Carseland, Alberta area (the "Acquisition"). In addition to the current production, the Acquisition includes 13 sections of developed P&NG rights to the base of the Belly River formation complete with full 3D seismic coverage, and approxima...
Date:Thursday, April 27, 2017
Manitok Energy Inc. Announces Resignation Of Chief Operating Officer And Re-aligned Management Responsibilities
Manitok Energy Inc. announces the resignation of Cameron Vouri from his position of Vice President and Chief Operating Officer effective immediately. Mr. Vouri accepted the position as Manitok’s COO in September 2013 in order to assist the Corporation’s transition from a single core area operational focus to a multiple core area operational strategy. With the successful transition completed, Mr. Vouri resigned from his executive position so that he could pursue other ambitions. Manitok would ...