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Manitok to put latest two wells on production by end of November

Tuesday, November 15, 2016 8:17
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(Before It's News)

Manitok Energy Inc (CVE:MEI) said the second horizontal well of its fourth quarter drilling program produced 42 barrels of oil equivalent per day (boepd).

In the last 24 hours of the production test, the well produced 275 barrels of light oil and 1mln cubic feet of natural gas.

Manitok’s wholly-owned 13-33-022-25W4 horizontal well in Carseland, Alberta, was completed with a multi-stage fracture stimulation.

With the addition of the previously announced 14-32-022-25W4 well’s production test rate of 674 boepd, Manitok has added some 890 boepd of initial production capability at Carseland.

The 14-32 and 13-33 wells will be placed on production before the end of this month, Manitok said.

Story by ProactiveInvestors

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