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Manitok IDs Early 2016 Production at 4,265 BOE/d; Ups Reserves 61%
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Manitok Energy Inc. reported highlights from its 2015 independent reserves evaluation, its 2015 fourth quarter and year-end unaudited financial and operational results and provide an operational update.
2016 Operational UpdateBased on field estimates, Manitok’s production averaged approximately 4,265 boe/d (46% oil) during the first two weeks of March 2016. Manitok continued to produce its two Lithic Glauconitic wells at Carseland with significant restrictions over the first quarter of 2016 and two other Basal Quartz horizontal wells drilled in late 2014 have not been tied in yet due to the liquids handling capacity issues at the Carseland gas plant.
Since acquiring the Carseland gas plant on March 4, 2016, Manitok has been able to increase plant throughput with minor modifications to…
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