Exploration & Production | Operational Updates | Production
Manitok Exceeds Production Guidance in Cardium Operations
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Manitok Energy Inc. has provided an update on its latest operations.
ProductionBased on field estimates, Manitok’s production averaged 5,550 boe/d (58% oil and liquids) over the month of December 2013, which is a record high production month for the Corporation and exceeds Manitok’s previously provided 2013 exit guidance of 5,300 – 5,500 boe/d. The proportion of oil production at 58% was above the Corporation’s previously provided exit guidance of 54% – 56%. In addition, Manitok anticipates that its average fourth quarter 2013 production will meet the higher end of its previously provided fourth quarter 2013 guidance of 4,600 – 4,800 boe/d.
Drilling OperationsManitok completed drilling the horizontal section of the 21st Stolberg Cardium horizontal oil well at 100/11-12-42-15W5M (100%…
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