Exploration & Production
Manitok Energy Inc. Recently Completed Cardium Well Avg 1073 bbls/d
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Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its operations below.
Manitok has completed production testing on its latest two drills in the Stolberg area of Alberta. The horizontal wells were the sixth and seventh wells of the 2012 drilling program which is targeting conventional Cardium light oil. Both of these wells offset the second well of the 2012 program, which was still flowing at approximately 1,150 boe/d (909 net), including 1,020 bbls/d (806 net) of light sweet oil as at July 29, 2012. Without any fracture stimulation, the well has produced about 38,000 barrels of 51° API light sweet oil in its first 40 days of production, despite the usual minor facilities start-up issues. The lack of decline in the first month of…
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