Manitok Energy Inc MKRYF

Energy Oil & Gas E&P

Manitok Energy Inc is an oil and gas exploration and development company. The corporation is engaged in the exploration for, and the development, production, and acquisition of petroleum and natural gas reserves in western Canada. It mainly focuses on conventional oil and gas reservoirs in the Canadian foothills along with crude oil in Southeast Alberta. The majority of its revenue is derived from the petroleum and natural gas.

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Manitok Energy Inc

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Post by Marlbankon Oct 23, 2013 7:28pm

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Post# 21843144

Check out Integral's Oct 21 Research Report

Good read. Some most excellent tidbits. The bonus payed ECA was $16m. Estimated 364 locations in both the Glauc and Ellerslie - with many other formations untested or undertested. Average of just one existing well hole per section, vs. four per section much of the surrounding lands. Much of the 3D seismic has never been interpreted as ECA focused elsewhere. Sounds like MEI might only touch the surface in six years of work. Seems like Manitok has scooped an underdeveloped gem. Interestingly, MEI has the lease for a checkerboard section of the blocks. Who got the rest?

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