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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
Comment by gasoilgoldon Feb 03, 2015 8:11am
160 Views
Post# 23391437

RE:It's HERE!!

RE:It's HERE!!I guess this was the issue.

"Production

Based on field estimates, December 2014 production averaged 4,235 boe/d (56% oil) and production averaged 4,610 boe/d in the first three weeks of January 2015 hitting a peak weekly rate of 4,855 boe/d (54% oil) before being notified in mid-January 2015 of a TransCanada Pipeline restriction of 250 boe/d of natural gas in the Stolberg area, due to total system volume reductions associated with required repairs on its system. TransCanada Pipeline has advised Manitok that the restriction could be in place for up to three months. The 4,855 boe/d weekly production rate was achieved with a contribution of only 580 boe/d (215 bbls/d oil) from the two Glauc wells at Entice severely restricted as a result of the high condensate content in the natural gas and the remaining Entice wells awaiting tie-in. Manitok is working diligently to maximize Entice production levels given the short term restrictions. Manitok anticipates resolving the issue with a longer term solution late in the first quarter of 2015."

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