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Manitok IPs 17th Stolberg Cardium Well; Details Upcoming Spud

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Manitok IPs 17th Stolberg Cardium Well; Details Upcoming Spud

Manitok Energy Inc. has reported an update on its 2013 drilling program.

The 17th Stolberg Cardium oil well is the first of a 2 well pad on section 29, where Manitok has a working interest of 79%. The unstimulated horizontal well free-flowed to surface, over approximately a 28 hour period, at an average of rate of 867 bbls/d (685 net) of about 40º API oil and 23 boe/d (18 net) of associated gas, for a combined average of 890 boe/d (703 net). The drilling rig is now moving to the second well on the same pad and is anticipated to spud shortly.

Manitok's second contracted rig is continuing to drill a liquids rich natural gas well (0.75 net) in Stolberg, offsetting a Manitok liquids rich gas well drilled in 2011. That well initially flowed at approximately 5.0 Mmcf/d (3.75 net) with about…

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