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Manitok Energy Revises Guidance After Stolberg Facility Issues

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Manitok Energy Revises Guidance After Stolberg Facility Issues

Manitok Energy Inc. has announced its financial and operating results for the second quarter of 2014.

2Q 2014 Operational & Financial Highlights:

Production averaged 4,644 boe/d (59% light oil and liquids) which is a 15% increase over production of 4,045 boe/d (52% light oil and liquids) in the second quarter of 2013 Production was down 13% from the first quarter of 2014 mainly due to the disposition of assets late in the first quarter, natural production declines and limited new well production additions in the quarter. Increased light oil production by 34% which increased Manitok's light oil production weighting to 58% of total production as compared to 50% of total production in the second quarter of 2013. Increased average production per diluted share by 16% when compared to the…
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