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

Stolberg

The 16th Stolberg Cardium well, the fourth well on the section 21 pad where Manitok has a working interest of 33.3%, attained total depth this week and intersected three hydrocarbon-bearing Cardium sands, including one that Manitok has interpreted as a new Cardium sheet along the Stolberg trend. Open hole logs and data collected during drilling are encouraging with respect to reservoir capability in the new Cardium sheet. Depending on the well's flow test and the ultimate extent of the new Cardium sheet, Manitok believes that it is likely to lead to several additional drilling locations at Stolberg. The flow test of the newly discovered Cardium sheet is anticipated to commence within approximately one week.

The construction of the gas pipeline to the 4 well pad has been completed, which alleviates the need to flare most of the associated gas during future production and testing.

Tags: Manitok Energy Inc.