CALGARY, ALBERTA–(Marketwired – Nov. 15, 2016) – Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) is pleased to announce that it has initial production test results from its second horizontal well of the fourth quarter drilling program. The 13-33-022-25W4 horizontal well (100% working interest) in Carseland, targeted the Lithic Glauconitic (“LG“) zone and was completed with a multi-stage fracture stimulation. In the last 24 hours of the production test, and after flowing back for about five days, the 13-33 well produced 442 boe/d comprised of 275 bbls/d of light oil and 1.0 Mmcf/d of natural gas.
With the addition of the previously announced 14-32-022-25W4 well’s production test rate of 674 boe/d, comprised of 270 bbls/d of light oil and 2.4 Mmcf/d of natural gas, and the 13-33 well, Manitok has added approximately 890 boe/d (49% oil) of initial production capability (restricted at approximately 80% of test rates) at Carseland to compliment the offsetting wells located at 15-32-022-25W4 and 16-32-022-25W4, which have cumulatively produced about 397 Mboe (30% oil and 70% raw natural gas with 28 bbls/Mmcf of NGLs) since being placed on production in early 2015. The 14-32 and 13-33 wells will be placed on production before the end of November 2016. Manitok has drilled, and is currently completing, a LG targeted well on its Wayne property at 15-19-028-21W4 and has drilled a third LG targeted well on its Carseland property at 10-04-023-25W4 and is now awaiting completion operations.
Manitok is a public oil and gas exploration and development company focused on conventional Mannville and Cardium oil and gas reservoirs in both southeast, and west central Alberta. The Corporation will utilize its experience to develop the untapped conventional oil and liquids-rich natural gas pools in its core areas of the Western Canadian Sedimentary Basin.
View our website at www.manitokenergy.com.