Exploration & Production | Quarterly / Earnings Reports
Manitok Maintains Cardium Focus; Raises Production 133%
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Manitok Energy Inc. has reported its financial and operating results for the second quarter of 2013.
Q2 2013 Operational & Financial Highlights: An increase in average production by 133% to 4,045 boe/d for the second quarter of 2013 from 1,733 boe/d for the comparable period in 2012. Increased the crude oil and NGLs weighting to 52% of total production in the second quarter of 2013 from 22% of total production in the second quarter of 2012. Funds from operations increased by 356% to $11.3 million ($0.16 per share) in the second quarter of 2013 from $2.5 million ($0.04 per share) for the comparable period in 2012. Operating netback increased by 47% to $34.73 per boe for the second quarter of 2013 from $23.60 per boe for the comparable period in 2012 due to the increase of light oil…- ✓ Full news archive — U.S., Canada & international coverage
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