WE ARE MANITOK ENERGY INC.
GROWTH >> EXECUTION >> OPPORTUNITY
LATEST PRESS RELEASES
Stay current on Manitok's activities through our press releases.
Manitok Energy Inc. Provides A Corporate UpdateThursday, October 01, 2015
October 1, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) wishes to provide this update to inform its shareholders of the proactive steps that the Corporation is taking to withstand the current commodity market conditions. The significant, unforeseen drop in energy prices has reduced the value of the Corporation's oil and natural gas reserves, impacting the Corporation's credit facilities, as noted in the Corporation's financial results for the second quarter of 2015 released on August 31, 2015. Management is identifying and pursuing alternative debt arrangements, joint venture arrangements, property acquisitions or divestitures, corporate mergers and acquisitions and other recapitalization opportunities and is taking steps to manage its spending and leverage including the implementation of cost reduction and capital management initiatives to satisfy the credit facility repayment requirements.
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2015 and an Operations UpdateMonday, August 31, 2015
Capital expenditures, net of divestitures were approximately $29.0 million, which related primarily to the acquisition of assets in the Wayne area of southeast Alberta with an effective date of April 1, 2015 for total cash consideration of approximately $62.4 million after estimated post-closing adjustments, which was offset with asset divestitures of a production volume royalty, a 5% gross overriding royalty in the Wayne area and facilities in the Wayne area as press released on June 12, 2015.
Manitok Announces The Closing Of The Final Tranche Of The Equity Financing, Update On The Wayne Acquisition And A Financial UpdateWednesday, June 17, 2015
June 17, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce it has closed on the second and final tranche of approximately $6.6 million of gross proceeds...
Manitok Energy Inc. Announces The Closing of The Acquisition of Wayne Assets In Southern Alberta And Closing of The Majority of The Equity FinancingFriday, June 12, 2015
June 12, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to announce that it has closed the acquisition of certain petroleum and natural gas assets in the Wayne area of southeast Alberta as previously announced on its press release dated June 8, 2015 for a total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Wayne Acquisition").
Manitok Announces an Update On Its Acquisition in Southern AlbertaMonday, June 08, 2015
June 8, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) is pleased to provide an update on the acquisition of approximately 1,800 boe/d of production (66% oil and liquids) and a related 25,000 bbls/d fluid processing facility in the Wayne area of southeast Alberta (the "Wayne Assets") for total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Proposed Acquisition").
Manitok Announces Financial Results For The First Quarter Of 2015 And Update On Its Proposed AcquisitionMonday, June 01, 2015
June 1, 2015, Calgary, Alberta – Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the first quarter of 2015.The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2015 and the related management's discussion and analysis are available electronically on Manitok's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and also on Manitok's website at www.manitokenergy.com.