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Manitok Energy Set to Begin Stolberg Production Next Week

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Manitok Energy Inc. (MEI.V) said tie-in operations for its discovery well on the Stolberg property in west-central Alberta are nearly complete and the well slated to be on production within the next week.

Manitok has a 75 percent working interest in the well and initial expectations are for it to add about 543 barrels of oil equivalent per day to the company's net production, nearly tripling current levels. Manitok plans to drill six wells at Stolberg by mid-2012, targeting three different Cardium light oil-bearing reservoirs.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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