Operational Updates
Manitok Touts 510% Increase in Q3 Production
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Manitok Energy Inc. has reported its financial and operating results for the third quarter of 2012. All dollar figures are in Canadian dollars unless otherwise noted.
Third Quarter Highlights:• A 510% increase in the average production for the three months ended September 30, 2012 relative to the average production for the comparable period in 2011 and a 46% increase from average production in the second quarter of 2012. Average third quarter 2012 production was 2,525 boe/d (49% oil and liquids) as compared to average production of 414 boe/d in the same quarter in 2011 and average production of 1,733 boe/d in the second quarter of 2012. Average quarterly production per diluted share increased by 403% year over year.
•Cash flow for the three months ended September 30, 2012 was $7.0…
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