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Manitok Energy Inc MKRYF

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.


GREY:MKRYF - Post by User

Bullboard Posts
Post by kanadakaon May 01, 2014 3:34pm
339 Views
Post# 22514277

A few people get it.

A few people get it.The wells are pretty cheap and easy to drill. The vertical wells are like playing battleship a 40 boepd vertical well helps develop targets for horizontal wells that hopefully range from 150 / 200 / 250 + boed wells. There is a possiblity for higher but many a company has done well with these. There is also proven gas wells that could be farmed out if Manitok doesnt want to do the work.  Stolberg Cardium is the cash cow with approx one well a month and currently 20 locations identified for drilling. That area is unique with different and not so typical production numbers and a 100boepd well is considered very good and normal in many alberta and sask locations thats just a fact. Some may just be delusional but the fact they have this much land to drill would have most juniors envious. Thats my rant.
Bullboard Posts