3 Stocks Making Big Moves: Sandstorm Metals, Emperor Oil and Manitok Energy
Sandstorm Metals & Energy, Emperor Oil and Manitok Energy all traded at high volumes last week.
Articles Tagged "TSXV:MEI"
Manitok Energy Raises Offering to $17.2 Million
Oil – Manitok Energy Inc. (TSXV:MEI) announced that strong investor demand has prompted it to up the size of its bought deal public offering to $17.2 million.
Manitok Provides Production Results for Eighth Well in 2012 Drilling Program
Oil – Manitok Energy Inc. (TSXV:MEI) announced that drilling at its eighth well in the Stolberg area of Alberta intersected the Cardium reservoir three times. Production testing indicates an average rate of 460 barrels per day (375 net) of light oil over 21 hours at the lower intersection and an average rate of 525 bbls/d (428 net) of light oil over 91 hours at the middle intersection.
Manitok Announces Its Production Exceeds 1,000 boe/d and a Letter of Intent to Farm Out Lands to Petrus Resources Ltd.
Manitok and Petrus Resources Ltd. have entered into a letter of intent regarding the farm out of Manitok lands in the Stolberg and Fallen Timber areas of the Alberta foothills. As quoted in the press release:
Manitok Announces $85 Million Joint Acquisition of Central Alberta Foothills Assets With Petrus Resources Ltd.
Manitok, jointly with Petrus Resources Ltd., entered into a purchase and sale agreement to acquire oil and natural gas assets in the central Alberta foothills area for total cash consideration of $85 million before closing adjustments and related costs.
