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Manitok Energy Inc (MEI.V)

MEI.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Manitok Energy Inc reports Q3 net loss per share $0.02
Wednesday, 30 Nov 2016 07:30am EST 

Manitok Energy Inc - : Manitok Energy Inc announces financial and operational results for the third quarter of 2016 . Quarterly production averaged 4,276 boe/d as compared to 3,587 boe/d in Q2 of 2016 . Quarterly net loss per share - basic and diluted $0.02 .Quarterly petroleum and natural gas revenue $11.5 million versus $14.6 million.  Full Article

Manitok Energy Inc announces asset acquisition for $13.5 mln
Thursday, 29 Sep 2016 11:39pm EDT 

Manitok Energy Inc : Manitok energy inc. Announces a significant asset acquisition and a $20.0 million offering of units consisting of collateralized exchange listed notes(tm) and warrants . Acquisition is expected to provide manitok with a 37% increase to its anticipated corporate production for november 2016 .Total consideration for acquisition is $13.5 million before closing adjustments, payable in a combination of cash and units.  Full Article

Manitok Energy Inc Qtrly funds from operations of negative $0.2 mln
Monday, 29 Aug 2016 07:00am EDT 

Manitok Energy Inc : Manitok Energy Inc. announces financial results for the second quarter of 2016 and an operational update . Qtrly funds from operations of negative $0.2 million as compared to $0.7 million in the first quarter of 2016 .Qtrly production averaged 3,587 BOE/D as compared to 4,407 BOE/D in the first quarter of 2016.  Full Article

Manitok Energy to acquire Raimount Energy
Wednesday, 29 Jun 2016 05:41pm EDT 

Manitok Energy Inc : Manitok will acquire, indirectly through Acquireco, all of issued and outstanding common shares of Raimount . Renewed its credit facility at $45 million, which is $5 million lower than its previous credit facility . Required to reduce credit facility by $300,000 per month beginning on june 1, 2016 . Each raimount shareholder will receive 6 shares, 1.5 share purchase warrants in capital of manitok for each raimount common share held . After closing of arrangement agreement & offering co anticipates to be drawn by about $37 million on credit facility on Aug. 31, 2016 .Brokered subscription receipt private placement.  Full Article

Manitok Energy expects to begin 2016 drilling program in second half of year
Tuesday, 31 May 2016 07:30am EDT 

Manitok Energy Inc : Manitok Energy Inc. announces financial results for the first quarter of 2016 and an operational update . Anticipates it will begin its 2016 drilling program in second half of year . Manitok energy inc qtrly production averaged 4,407 boe/d as compared to 4,504 boe/d . Manitok energy inc qtrly earnings per share $0.02 .As at may 31, 2016, Manitok anticipates its net bank debt will be approximately $43.5 million.  Full Article

Manitok Energy Inc says acquisition of natural gas processing plant and natural gas production in Carseland area for $4.75 mln
Wednesday, 2 Mar 2016 07:30am EST 

Manitok Energy Inc:Says acquisition of natural gas processing plant and natural gas production in Carseland area for $4.75 mln.Says Co anticipates plant modifications to be completed in second quarter of 2016.Entered into an asset purchase agreement with a private company for acquisition of a 14 mmcf/d natural gas processing plant.  Full Article

Manitok Energy Inc. announces brokered private placement of up to $20 million
Thursday, 17 Dec 2015 09:18am EST 

Manitok Energy Inc:Offering will consist of common shares in the capital of Manitok issued at a price of $0.13 per common share.Says private placement offering with a minimum of $10,000,000 and a maximum of $20,000,000.Offering will also consist of common shares issued on "flow-through" basis at a price of $0.15 per flow-through share.Says upon completing the minimum equity raise, manitok's credit facility will be revised to $60 million in January 2016.Proceeds from the offering of common shares will be used by Manitok to reduce its bank debt, for manitok's 2016 capital program.  Full Article

Manitok Energy Inc announces closing of acquisition of Wayne Assets in Southern Alberta
Friday, 12 Jun 2015 09:29am EDT 

Manitok Energy Inc:Has closed acquisition of certain petroleum and natural gas assets in Wayne area of southeast Alberta as previously said on its press release dated June 8.Acquisition for total cash consideration of $61.5 mln prior to transaction costs and customary closing adjustments.  Full Article

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BRIEF-Manitok announces pricing and anticipated proceeds from flow-through and common share offering

* Has priced up to 7.66 million common shares of corporation at a price of $0.13 per offered common share