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Manitok Provides Fourth Quarter Operation Update

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Manitok Provides Fourth Quarter Operation Update

Manitok Energy Inc. has provided an operations and corporate update.

Operations Update Cordel-Stolberg Manitok concluded 2014 by successfully completing the drilling and production test of two Cardium light oil wells. The two wells are 103/13-21-42-15W5 (33% working interest) and 13-11-42-15W5 (30% working interest). This completes a 15 well (6.8 net) drilling program in Cordel-Stolberg for 2014. The 13-11-42-15W5 well which targeted the backlimb of the Cardium structure tested at 333 bbls/d (100 bbls/d net) and 150 mcf/d (45 mcf/d net) over 1.9 days for a combined rate of 358 boe/d (108 boe/d net). The well produces 44° API oil and was tied-in and placed on production on December 23, 2014. The 103/13-21-42-15W5 well which targeted the forelimb of the Cardium structure tested at 109…
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