Manitok Energy Inc. provide an update on its 2013 drilling program.

The 12th Cardium oil well (65% working interest) in the program was a horizontal well drilled in the northern extent of the Stolberg trend, offsetting the 1996 discovery well drilled by another operator. After an unstimulated open hole completion, the well was swabbed back at highly variable rates of up to 450 bbls/d (293 net) of 42º API oil, over approximately one week, with 100% oil cut and little associated gas.

The reason for the variability in the flow rates is presently unknown since reservoir quality is comparable to other more prolific wells in this trend. Manitok is currently evaluating the technical data in order to determine the next steps in putting the well on production. The well is one of the deeper wells in the Stolberg structural complex and it has now extended the oil-water contact significantly downward, suggesting an oil column at least 600 meters high.

Tags: Manitok Energy Inc.