Manitok Energy Inc MKRYF

Utilities Utilities - Regulated Electric

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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Comment by powermanon May 28, 2015 3:14pm

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Post# 23775168

RE:RE:RE:A serious question

Well I think there is more to know that was not part of any interview or news release.

How are we going to fund maintining ang growing production. Credit line is at max and capex depends totaly on cash flow from operations.

We picked up more land and more infrastructure but also more cash burn. So the question is when and where will the growth funds come from?

Merger with firm with cash on hand? Not likely but good question.
Merger with firm and increase line of credit? Top of the list of hopes and dreams.
Delutive share offering with a reverse split? Possible if O&G firms up, maybe in Q4/15.
Operate on cash flow to maintain production and re-renegotiate recently signed agreement to drill up Entice?
Borrow money from buddies at Bichcliff on the stenght of future production? Don't laugh.
Cut a deal with drillers to pay for wells from production? Continue to fianance through 3rd party agreements? Make lease payments on current and future infrastructure?

Sorry, Ineed to know more. A lot more.

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