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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (7677)	7/7/2014 2:11:39 PM
From: ayeyou	Respond to of 202736

Took some MEI at $3.05 this morning. Tired of watching it climb and not being aboard...

To: Goose94 who wrote (7677)	9/18/2014 9:45:55 AM
From: Andrew~	Read Replies (2) \| Respond to of 202736

Manitok Energy Inc (MEI-V) Last week saw the lowest weekly close in nearly two years. News this morning may stem the drop: Manitok Energy Inc. Provides an Operational Update at Entice and Cordel-Stolberg CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an operational update at Entice and Cordel-Stolberg. Entice As noted in the August 28, 2014 press release, Manitok has drilled a horizontal well at 3-28-22-25W4, testing the middle Basal Quartz ("BQ") formation in the southern end of the Entice field. This is the second well of a planned 10 well horizontal drilling program at Entice where Manitok has a 100% working interest. The well was completed utilizing multi-stage fracturing technology. A 15 stage fracture completion was successfully executed, and the well began flowing on its own. During the production test, the well flowed for a total of 3.3 days at an average rate of 135 bbls/d of 30° API oil and 420 mcf/d of natural gas for a total rate of 205 boe/d. The flowing pressures were stable throughout the production test. The cost to drill and complete the well was approximately $2.9 million. The results from the above-noted well provides Manitok with a significant number of potential development drilling locations. Manitok has interpreted the depositional environment of the BQ pool as shallow marine sands, as opposed to channel sands. The formation has significant aerial extent which is supported by log data, rock samples, seismic data and oil shows throughout the mapped area. There are 5 to 7 immediate offset horizontal drilling locations and Manitok believes the opportunity could cover approximately 10 to 12 sections of prospective land and would likely require four wells per section to optimize primary recovery. The 3-28-22-25W4 well is near the previously announced 15-32-22-25W4 Lithic Glauconitic ("Glauc") well, which flowed at an average rate of 761 boe/d for approximately 6 days which included 328 bbls/d of 40° API oil and 2.6 Mmcf/d of natural gas. The wells on both pads are expected to be tied-in and on production in the fourth quarter of 2014. With the success of the first two wells of the program, Manitok now has 10 to 12 immediate offset horizontal well locations at the south end of Entice which could increase significantly in time as each trend is further developed. Manitok has also drilled the 3-9-23-25W4 horizontal well in Entice, testing a lower BQ formation in the southern end of the land base and expects to commence the multi-stage fracture completion within the next two weeks. The drilling rig has moved to a Glauc location offsetting the previously announced successful 15-32-22-25W4 Glauc well. This rig will continue to drill wells in both the successful Glauc and BQ new pool discoveries at the south end of Entice until spring breakup in early 2015. Given the encouraging results to date at Entice, Manitok has mobilized a second rig to drill a horizontal Glauc well, with similar log and seismic characteristics as the successful 15-32-22-25W4 Glauc well which should commence within the next week. This rig will follow up with other horizontal Glauc and BQ wells in both the central and north portions of the Entice land base including a horizontal offset to the successful 6-16-28-24W4 vertical BQ well. The second rig will test up to five different oil pools (two Glauc pools and three BQ pools) before spring breakup in early 2015. Cordel-Stolberg Manitok is currently drilling a forelimb well, 7-12-42-15W5, in the southern portion of the Cordel-Stolberg field. Results should be available in the next 2 to 3 weeks. Manitok is currently planning to drill another Mannville gas well and up to 2 (0.6 net) Cardium oil wells prior to year end at Stolberg. Well tie-in and facility work are moving forward as expected and the behind pipe production at Stolberg is anticipated to be on stream early in the fourth quarter of 2014 as previously stated in Manitok's August 28, 2014 press release. In addition, Manitok is continuing to work with third party operators to maximize potential gas transportation volumes as soon as possible in order to accommodate further optimization of Manitok's natural gas production. stockboard.com